Glendora Market Stats, April 16-23, 2013

Glendora Market Stats, April 16-23, 2013

Written BY: The Barefoot Realtor

Market Watch

New Listing (14)
Price Change (5)
Back On Market (4)
Backup Offer (10)
Expired (1)
Pending (11)
Sold (7)

Okay, so last week, there were a total of 14 new listings in the City of Glendora.  When you compare this week's 14 listings to the 3 sold homes it doesn't give you enough of a picture.  But when you combine the 7 sold with 11 more pending, that's 21 and you can see that there aren't going to be many homes on the market for very long.  Okay, so the last statistics have proven to you that it is definitely a SELLERS MARKET.  But the trend is continuing and even escalating here in Glendora, CA. 

What does this mean to you if you want to sell?  This means that your home can be sold in a short period of time and many times will sell for more than the asking price.  Naturally, this doesn't mean that you can price your home high and expect the same results.  But that's another whole blog.  This whole environment can cause bidding wars which can make the price of your home increase. For a good case in point on this, please read this short story.  Really, We Have To Go HOW High?

There were 5 price changes, this usually this means lowering of the asking price and 9 more have gone into back-up status.  Back-up status means that the home has an accepted offer but for some reason they are preparing in case the buyer backs out, or for some other reason like a short sale waiting on the bank's response.

So, in recap, 11 pending, 7 sold, and 4 into back-up for a total of 22 homes off the market. When you compare that to the measly 14 that came into the market, you can easily see why this is a great time to get top dollar for your home.

When you are thinking of buying or selling a home, contact me, a local expert.  All real estate is local down to the neighborhood still and so you need someone who knows what's what in that area.  I stay on top of the cities I serve in the SoCal 210 Corridor (such as Glendora, CA) as you can see and will be more than happy to help you with your real estate needs from free home valuations to answering questions and of course helping you buy a house or sell your home. 

Serving the 210 Corridor - the cities of Monrovia, Duarte, Azusa, Glendora, San Dimas, La Verne, Claremont, Upland, Pomona, Chino, Chino Hills, Rancho Cucamonga and Fontana - wherever the need arises.

Warmest Regards,
Linda K. Mayer, Realtor, SRES
License # 01767321
A Realtor you can Trust!
(626) 824-8927 Cell
LindaKMayer@live.com 
Linda's Website (Home Search
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Glendora Real Estate Market Watch - April 17-23, 2012

Glendora Real Estate Market Watch - April 17-23, 2012

Market Watch

New Listing (17)
Price Change (11)
Back On Market (11)
Backup Offer (9)
Expired (1)
Pending (13)
Sold (14)

Okay, so here are Glendora Real Estate Market statistics for this week - and they seem to be shooting up!

This week there are 17 new listings in the city.  Fourteen sold this week in Glendora, and that number seems to be growing by leaps and bounds.  Thirteen went into escrow which means that in approximately 30-60 days we should have 13 more that sold.  Looks like the Glendora Real Estate Market is starting to move and shake. (A HA, move and sahke, get it, California, earthquakes...!  LOL)

Eleven homes were also placed back on the market and nine 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 partand the new procedures are actually starting to have an affect on home sales.  Short sales vs foreclosures are moving toward short sale now!

This week there were eleven price changes.  Before, a lot of this could be blamed on the banks changing their prices and taking such a long time that the prices were dropping before they were sold.  Now it's just that the agent has to price it right from the start to get it sold!

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

Glendora Real Estate Market Watch - March 9-16, 2012

Glendora Real Estate Market Watch - March 9-16, 2012

Market Watch

New Listing (13)
Price Change (12)
Back On Market (5)
Backup Offer (6)
Expired (3)
Pending (14)
Sold (6)

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

This week there are thirteen new listings, which seems like an amazing start for this peak selling time of the year.  Tis the season and all that!  Six sold this week in Glendora, and that's an okay number when compared with the amount of new listings. It simply means that twice as many are coming on the market for sale as are actually getting sold.  

Fourteen went into escrow which means that in approximately 30-60 days we should have fourteen more that sold.  Looks like the Glendora Real Estate Market is picking up!  If you want to live in Glendora CA, now is the time to buy!  There are lots of homes to choose from, everything is at a discounted price and the interest rates are still down!

Five homes were placed back on the market and six 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.

This week there were twelve price changes.  When you compare that with the number of new listings that people have to choose from, that's quite a lot of changes.  And when you remember that most homes sell within the first ten days on the market, can you really afford to price your home too high right now?  I think not!

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

HIGHS AND LOWS - Glendora, CA - January 18, 2012

HIGHS AND LOWS - Glendora, CA - January 18, 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   $  4,750,000

Average   $     399,000

Active Listings   165

Sold This Week  7

New Listings This Week  8

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 $399,000 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 165 homes being actively marketed by Realtors for sale.  If you divide those 165 by the number of homes sold this week, in this case 7, 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 23 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 8 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 23 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   $   199,900

Highest   $ 400,000

Average   $ 320,000

Active Listings   22

Condos Sold This Week  0

New Listings This Week  2

So if the same holds true for CONDOS, then it would take approximately 11 weeks to sell your condo or townhome.  And a buyer has 22 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 however the number of listings has picked up a bit.

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.  And since I grew up in GLENDORA and still live less than ten minutes away, I'm pretty Glendora-Savvy.

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
(909) 670-2711 Direct
LindaKMayer@live.com
Linda's Website