SAN DIMAS REAL ESTATE MARKET WATCH - May 12-18, 2012

SAN DIMAS REAL ESTATE MARKET WATCH - May 12-18, 2012

Market Watch

New Listing (8)
Price Change (4)
Back On Market (10)
Backup Offer (5)
Expired (0)
Pending (8)
Sold (6)

Okay, so this is another exciting week for real estate in SAN DIMAS.  Eight new listings and six sold.  As you can tell, the homes are getting sold and the inventory is shrinking.  So if you are thinking of buying a home, it's time before they all get gobbled up.  There have been quite a few articles recently about low amounts of homes for sale in certain areas.  And even more articles about bidding wars being back.  So if you are thinking of selling your home, well the laws of supply and demand come into play.  Lower supply, larger demand raises those home prices just a bit for you.  

Eight homes went into escrow this week.  That means that in approximately 30-45 days these should become sold houses as well.  Congrats to  those families and good luck in your new home!  Five homes have gone into back up status  in San Dimas which, as I have explained before means that an offer has gone to the bank and they are taking more offers in case the buyer drops out.  Hopefully they will all go into escrow and become sold as well.  Congratulations to all those agents with the sales, escrows and backups!  Go get 'em.

Pricing.  I personally think I have been complaining about pricing for almost a year and a half.  Not that my rants comments have had anything to do with it, but this week in San Dimas there were only four price changes!  Good job agents.

I try to stay on top of the communities I serve and be a local expert for all of them, real estate and otherwise.  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!

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 - San Dimas, CA - January 18, 2012

HIGHS AND LOWS - San Dimas, CA - January 18, 2012

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

SINGLE FAMILY RESIDENCE

Lowest Priced Home   $     150,000

Highest Priced Home   $  2,250,000

Average   $     319,000

Active Listings   103

Sold This Week  3

New Listings This Week  11

WHAT THIS MEANS TO YOU:  You now have more information about what's happening with the SAN DIMAS 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 SAN DIMAS this week is $319,000 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 103 homes being actively marketed by Realtors for sale.  If you divide those 103 by the number of homes sold this week, in this case 3, 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 34 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 11 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 34 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   $ 440,000

Average   $ 265,000

Active Listings   38

Condos Sold This Week  2

New Listings This Week  2

So if the same holds true for CONDOS, then it would take approximately 19 weeks to sell your condo or townhome.  And a buyer has 38 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 SAN DIMAS 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
(909) 670-2711 Direct
LindaKMayer@live.com
Linda's Website