HIGHS AND LOWS - Glendora, CA - March 5, 2012

HIGHS AND LOWS - Glendora, CA - March 5, 2012

Okay, so here is today's report for the GLENDORA, CA Real Estate Market.

SINGLE FAMILY RESIDENCE

Lowest Priced Home   $     210,000

Highest Priced Home   $  4,188,000

Average   $     399,900

Active Listings   141

Sold This Week  9

New Listings This Week  13

WHAT THIS MEANS TO YOU:  You now have more information about what's happening with the GLENDORA REAL ESTATE MARKET so you can make an informed decision on whether this city is right for you and if the prices fit into your budget.  The average price in GLENDORA this week is $399,900 which is lower than before.  Prices have fallen just a little bit, but it looks like they are starting to stabilize in this area.

The other thing you can learn from this information is the saturation rate of the existing active real estate listings.  The saturation rate is determined by the amount of sales in a week and the number of listings available for sale.  So in this case, there are 190 homes being actively marketed by Realtors for sale.  If you divide those 190 by the number of homes sold this week, in this case 9, you have your saturation rate.  This means that if you placed your home on the market to sell you can expect it to take a little over 21 weeks to complete the sale of your home.  That is if no other listings come into the real estate marketplace during that time.  And we all know how likely that is, now don't we...  In fact this past week there were 13 new listings.

HOW THIS AFFECTS YOU:  If your price is competitive and your home is in relatively decent shape you can have it sold in as little as one day or as much or more than the 21 weeks.  It also depends on the agent you are using.  The more aggressive your agent's marketing plan is for your home, the more exposure your home gets and you can see that would have a great impact.  It truly helps to have an agent that has an existing web presence since most people start their home search online.  On the other hand, if you use someone who merely puts your home on the MLS and does nothing more, it will most likely take a little more time to sell.  

If you are a buyer, this means you have a large selection to choose from and you have a better chance right now of getting an offer accepted.  Not to mention that the average home price has dropped in the last month making you as they buyer able to afford a better home.

CONDOS AND TOWNHOMES

Lowest   $   199,000

Highest   $ 429,000

Average   $ 300,000

Active Listings   17

Condos Sold This Week  3

New Listings This Week  1

So if the same holds true for CONDOS, then it would take approximately 5 weeks to sell your condo or townhome.  And a buyer has 17 to choose from right now.  It seems that during these trying economic times, people are really not doing much in the way of buying or selling condos.

Since I am local to the area, I work hard to be a local expert in GLENDORA Real Estate.  The prices, the inventory and the trends so I can be a better agent for you.  However, it is not only real estate information that makes one a local expert.  There must also be knowledge of local events, schools and neighborhoods.

So if you are interested in buying or selling or simply have questions about real estate, please feel free to contact me.  I will be more than happy to assist you. Call me for your free home market analysis!

Warmest Regards,
Linda K. Mayer,
Realtor, Office Manager  
License # 01767321
A Realtor you can Trust!
(626) 824-8927 Cell
LindaKMayer@live.com
Linda's Website

HIGHS AND LOWS - Claremont, CA - March 5, 2012

HIGHS AND LOWS - Claremont, CA - March 5, 2012

Okay, so here is today's report for the CLAREMONT, CA Real Estate Market.

SINGLE FAMILY RESIDENCE

Lowest Priced Home   $     135,000

Highest Priced Home   $  4,000,000

Average   $     399,900

Active Listings   141

Sold This Week  9

New Listings This Week  21

WHAT THIS MEANS TO YOU:  You now have more information about what's happening with the CLAREMONT REAL ESTATE MARKET so you can make an informed decision on whether this city is right for you and if the prices fit into your budget.  The average price in CLAREMONT this week is $399,900 which is lower than before.  Prices have fallen just a little bit, but it looks like they are starting to stabilize in this area.

The other thing you can learn from this information is the saturation rate of the existing active real estate listings.  The saturation rate is determined by the amount of sales in a week and the number of listings available for sale.  So in this case, there are 141 homes being actively marketed by Realtors for sale.  If you divide those 141 by the number of homes sold this week, in this case 9, you have your saturation rate.  This means that if you placed your home on the market to sell you can expect it to take a little over 15 weeks to complete the sale of your home.  That is if no other listings come into the real estate marketplace during that time.  And we all know how likely that is, now don't we...  In fact this past week there were 21 new listings.

HOW THIS AFFECTS YOU:  If your price is competitive and your home is in relatively decent shape you can have it sold in as little as one day or as much or more than the 15 weeks.  It also depends on the agent you are using.  The more aggressive your agent's marketing plan is for your home, the more exposure your home gets and you can see that would have a great impact.  It truly helps to have an agent that has an existing web presence since most people start their home search online.  On the other hand, if you use someone who merely puts your home on the MLS and does nothing more, it will most likely take a little more time to sell.  

If you are a buyer, this means you have a large selection to choose from and you have a better chance right now of getting an offer accepted.  Not to mention that the average home price has dropped in the last month making you as they buyer able to afford a better home.

CONDOS AND TOWNHOMES

Lowest   $   169,800

Highest   $ 612,998

Average   $ 359,000

Active Listings   14

Condos Sold This Week  1

New Listings This Week  0

So if the same holds true for CONDOS, then it would take approximately 14 weeks to sell your condo or townhome.  And a buyer has 14 to choose from right now.  It seems that during these trying economic times, people are really not doing much in the way of buying or selling condos.

Since I am local to the area, I work hard to be a local expert in CLAREMONT Real Estate.  The prices, the inventory and the trends so I can be a better agent for you.  However, it is not only real estate information that makes one a local expert.  There must also be knowledge of local events, schools and neighborhoods.

So if you are interested in buying or selling or simply have questions about real estate, please feel free to contact me.  I will be more than happy to assist you. Call me for your free home market analysis!

**All information is taken from the IMRMLS.

Warmest Regards,
Linda K. Mayer,
Realtor, Office Manager  
License # 01767321
A Realtor you can Trust!
(626) 824-8927 Cell
LindaKMayer@live.com
Linda's Website

Claremont Real Estate Market Watch - February 8-14, 2012

Claremont Real Estate Market Watch - February 8-14, 2012

 

Market Watch

New Listing (16)
Price Change (11)
Back On Market (6)
Backup Offer (3)
Expired (2)
Pending (4)
Sold (1)

 

Okay, so here are Claremont Real Estate Market statistics for this week - and they seem interesting!

This week there are sixteen new listings,which indicates that confidence is coming back.  Only one sold this week in Claremont, and that's not really a great sign.  Four went into escrow which means that in approximately 30-60 days we should have four more that sold.  Again, not a great number for the Claremont Real Estate Market.

Six homes were placed back on the market and three have moved into back up status.  Usually the homes that go back on the market are homes where the buyer has either had to wait too long and backed out of the deal, or can't get the loan they need to complete the purchase.  The banks have been working on the timing part, but the new procedures are not helping a lot yet.

The fact that there is only one house that sold and four that have gone into escrow makes the number of price changes in Claremont huge!  Eleven!  Wow, I think it's a skill that many agents need to work on and at this point we can't blame all of those changes on the banks as they are starting to be more reasonable.

I try to stay on top of the communities I serve and be a local expert for all of them.  So if you are interested in buying or selling a home, or if you simply have real estate questions, please feel free to contact me.  I will be more than happy to assist you!

**All information is taken from the IMRMLS.

Warmest Regards,
Linda K. Mayer,

Realtor, Office Manager  

License # 01767321

A Realtor you can Trust!

(626) 824-8927 Cell

LindaKMayer@live.com

Linda's Website

Claremont Real Estate Market Watch - January 6-12, 2012

Claremont Real Estate Market Watch - January 6-12, 2012

Market Watch

New Listing (7)
Price Change (12)
Back On Market (5)
Backup Offer (2)
Expired (3)
Pending (4)
Sold (1)

 

Okay, so once again we are starting a new year.  Happy New Year once again to all of you.  Here is this week's Claremont Real Estate Market Watch - and we're off and running!

This week there are 7 new listings which is a good sign that people are getting more and more confident in the real estate market.  Only 1 sold and 4 went into escrow.  That's 1 homes that have new owners and 4 that will hopefully in a few weeks.  So home sales are happening in Claremont but it's not a really strong start to 2012.

There are 5 that went back on the market and 2 that have gone into backup status.  Usually the homes that go back on the market are homes where the buyer has backed out for some reason and the seller has to start all over again.  Most recently the reason most buyers back out is because of the time it has been taking for the lenders to approve short sales.  To be fair, the lenders are working on it, but it hasn't helped much to this point.

You know, I try to be positive about the amount of price changes. Claremont has 12 this week and that seems like a lot.  But with the sales for the week being at only 1, the sellers have got to do something to get their home sold.  Again, the banks change their minds on pricing sometimes but that can't be all 12 of them.

I try to stay on top of my communities and be a local expert for all of them.  So if you are interested in buying or selling or simply have questions about real estate, please feel free to contact me.  I will be more than happy to assist you!

**All information is taken from the IMRMLS.

Warmest Regards,
Linda K. Mayer,
Realtor, Office Manager  
License # 01767321
A Realtor you can Trust!
(626) 824-8927 Cell
(909) 670-2711 Direct
LindaKMayer@live.com
Linda's Website

Highs and Lows - Claremont, CA, December 14, 2011

Highs and Lows - Claremont, CA, December 14, 2011

Okay, so here we go with the statistics in CLAREMONT, CA.  I think for this month we will skip a lot of the explaination as it has been in all of the other past months and you can always call me with any questions. Short and to the point is not something I usually am, but let's pretend for now, shall we?

SINGLE FAMILY RESIDENCE

HIGHEST LISTING  $  4,000,000

LOWEST LISTING  $     170,000

AVERAGE PRICE$     409,000

ACTIVE LISTINGS 115

SOLD THIS WEEK                     2

NEW THIS WEEK                     4

Short summary:  If you compare this months highs and lows to last month, you will learn that the average price has dropped from $499,000 to approximately $409,000.  And last month there were only 6 sold during the week last month where we have dropped to 2 for this week.  The listings coming into the CLAREMONT REAL ESTATE MARKET PLACE are  8 new last month during this week and 4 during this week and 4 during this past week.  Looks like CLAREMONT is slowing down a bit.

CONDOS

HIGHEST LISTING$    702,688

LOWEST LISTING$     180,000

AVERAGE PRICE$     285,000

ACTIVE LISTINGS     16

SOLD THIS WEEK       0

NEW LISTINGS THIS WEEK      1

What this shows compared to last month is that there were no sales of condos during this week in either month.  This week there is 1 new listing compared to last months none.  And the average price has gone down from $309,000 to approximately $285,000.

If you are interested in buying or selling or simply have questions about real estate, please feel free to contact me.  I will be more than happy to assist you!

**All information is taken from the IMRMLS.

Warmest Regards,
Linda K. Mayer,
Realtor, Office Manager  
License # 01767321
A Realtor you can Trust!
(626) 824-8927 Cell
(909) 670-2711 Direct
LindaKMayer@live.com
Linda's Website