Linda Kay -The Barefoot Realtor: sellers market in glendora

Wednesday, May 15, 2013

Glendora Market Watch - May 8-14, 2013

Glendora Market Watch - May 8-14, 2013

Okay, so the last statistics have proven to you that it is definitely a SELLERS MARKET. But the trend is continuing here in this week's Glendora Market Watch.

Last week, there were a total of 15 new listings. Less inventory means higher prices and makes it a sellers market in Glendora. When you compare this week's 15 to the 10 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 5 price changes, 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. And 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, 10 sold, and 9 into back-up for a total of 24 homes off the market. When you compare that to the 15 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 8-14, 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
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Tuesday, April 23, 2013

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.