San Dimas Real Estate Market Watch - April 18-24, 2012

San Dimas Real Estate Market Watch - April 18-24, 2012

Market Watch

New Listing (11)
Price Change (13)
Back On Market (10)
Backup Offer (6)
Expired (0)
Pending (11)
Sold (5)

 

 

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

This week there are 11 new listings in the city.  Five sold this week in San Dimas, and that number seems to be holding steady.  Eleven went into escrow which means that in approximately 30-60 days we should have 11 more that sold.  Looks like the San Dimas Real Estate Market is starting to move and shake. 

Ten homes were also 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 and 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 thirteen 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

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

San Dimas Real Estate Market Watch - January 5-11, 2012

San Dimas Real Estate Market Watch - January 5-11, 2012

Market Watch

New Listing (10)
Price Change (13)
Back On Market (3)
Backup Offer (1)
Expired (0)
Pending (6)
Sold (8)

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

This week there are ten new listings which is a good sign that people are getting more and more confident in the real estate market.  Eight sold and six went into escrow.  That's eight homes that have new owners and six that will hopefully in a few weeks.  So home sales are happening in San Dimas.

There are three that went back on the market and one that has 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.  If we only had ten new listings and yet there were thirteen price changes, that's a lot.  Again, the banks change their minds on pricing sometimes, but more often than not, the agents need to do a bit more research before they price the home in the first place.  Enough said.

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