Linda Kay -The Barefoot Realtor: sellers market

Showing posts with label sellers market. Show all posts

Wednesday, May 8, 2013

IS It Still A Sellers Market in Glendora, CA

IS It Still A Sellers Market in Glendora, CA

Okay, so the last statistics have proven to you that it is definitely a SELLERS MARKET. But the trend is continuing here in Glendora, CA.

Last week, there were a total of 19 new listings. Less inventory means higher prices and makes it a sellers market. When you compare this week's 19 to the 5 sold homes you can see that things in Glendora, CA are changing a bit - more homes to sell and more movement.

What does this mean to you if you want to sell? This means that your home will 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 by quite a bit.

There were 4 price changes, and 6 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.

And when you figure in the 16 that went pending (into escrow), that's a whole lot more properties than came on the market this week.

So, in recap, 16 pending, 5 sold, and 6 into back-up for a total of 27 homes off the market. When you compare that to the 19 that came into the market, you can easily see why this is still a sellers market in Glendora, CA. The listings are rising, but we are still a bit buyer heavy. At least things are starting to turn around here.

If you are thinking of selling in the SoCal 210 Corridor, please call me for a free home valuation during the month of May. And if you have real estate question, or other real estate needs, please don't hesitate to call me. I will be honored to help you.

**All statistics are taking from the IMRMLS. Reflects the week of May 1-8, 2013

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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IS It Still A Sellers Market in La Verne, CA

IS It Still A Sellers Market in La Verne, CA

Okay, so the last statistics have proven to you that it is definitely a SELLERS MARKET. But the trend is continuing and even growing here in La Verne, CA.

Last week, there were a total of 6 new listings. Less inventory means higher prices and makes it a sellers market. When you compare this week's 6 to the 11 sold homes you can see that there aren't going to be many homes on the market for long.

There were 3 price changes, and 5 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.

When you figure in the 5 that went pending (into escrow), that's a whole lot more properties than came on the market this week.

So, in recap, 5 pending,11 sold, and 5 into back-up for a total of 21 homes off the market. When you compare that to the measly 6 that came into the market, you can easily see why this is a sellers market in La Verne, CA.

**All statistics are taking from the IMRMLS. Reflects the week of May 1-8, 2013

Monday, March 4, 2013

It's as Simple As Supply and Demand

It's as Simple As Supply and Demand

Okay, so I wrote about stats in some of my local cities last week.

Why Is Now The Time To SELL Your Home in La Verne, CA?

Why Is Now The Time To Sell You Home in San Dimas, CA?

Why Is Now The Time To Sell You Home in Glendora, CA?

Why Is Now The Time To Sell You Home in Claremont, CA?

And in all of those posts, the inventory was less than two weeks supply. So as I read this article today about the future of housing values, I had to post the link.

The best part for home sellers is their loose guideline. It states that for a 1-4 month supply of homes it is definitely a sellers market. And as you can see from the city blogs, it is more than that! Sellers can expect top dollar with less than two weeks supply!

Five to six months supply is a "balanced" market according to the article. And as you can tell, we are quite a long way from being balanced. And they say a buyers market is when there are more than seven months supply of homes in the housing market.

I stay on top of my local cities and know the area really well. So if you are looking to buy or sell a home, choose me, a local expert. I will be happy to answer all of your questions and take care of your needs. And always pick A Realtor You Can Trust.

Warmest Regards,
Linda K. Mayer, Realtor

License # 01767321

A Realtor you can Trust!

(626) 824-8927 Cell

LindaKMayer@live.com

Linda's Website

Tuesday, February 19, 2013

Why Is Now The Time To SELL Your Home In La Verne, CA?

Why Is Now The Time To SELL Your Home In La Verne, CA?

Okay, so for the past few years, it has definitely been a "buyers market". But with the low, low inventory right now, we are back to the times of bidding wars when things were moving and shaking. Case in point; the last seven days of movement in La Verne, CA.

Last week, there were a total of 7 new listings and when you compare that to the 7 sold homes you can see that there aren't going to be many homes on the market for very long.

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.

There were two price changes, usually this means lowering of the asking price and two 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.

When you figure in the four that went pending (into escrow), that's a whole lot more properties than came on the market this week.

So, in recap, 4 pending, 7 sold, and 2 into back-up for a total of 13 homes off the market. When you compare that to the measly 7 that came into the market, you can easily see why this is a great time to get top dollar for your home.

If you are thinking of selling, or buying for that matter, please always contact a local expert for the area so they know how to advise you. All real estate is local down to the neighborhood still and so you need someone who knows what's what. I stay on top of the cities I serve (such as La Verne, CA) as you can see and will be more than happy to help you with your real estate needs whether that be to answer any question you may have or give you a free home valuation. And ALWAYS go with a Realtor you can trust!

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.

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