Highs and Lows - San Dimas, CA, December 13, 2011

Highs and Lows - San Dimas, CA, December 13, 2011

Okay, so here we go with the statistics in SAN DIMAS, CA.  I think for this month we will skip a lot of the explaination as it has been in all of the other past months and you can always call me with any questions. Short and to the point is not something I usually am, but let's pretend for now, shall we?

SINGLE FAMILY RESIDENCE

HIGHEST LISTING$  2,250,000

LOWEST LISTING$     150,000

AVERAGE PRICE$     365,000

ACTIVE LISTINGS104

SOLD THIS WEEK  5

NEW THIS WEEK  4

Short summary:  If you compare this months highs and lows to last month, you will learn that the average price has dropped from $399,000 to approximately $365,000.  And last month there were only two sold during the week where we have risen to five for this week.  The listings coming into the SAN DIMAS REAL ESTATE MARKET PLACE are holding about the same; 5 new last month during this week and four during this past week.

CONDOS

HIGHEST LISTING$     399,900

LOWEST LISTING$     159,000

AVERAGE PRICE$     225,000

ACTIVE LISTINGS  33

SOLD THIS WEEK   0

NEW LISTINGS THIS WEEK   2

What this shows compared to last month is that there were no sales of condos during this week in either month.  This week there are 2 new listings compared to last months 4.  And the average price has dropped from $269,000 to approximately $225,000.

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

Claremont Real Estate Market Watch, December 3-9, 2011

Claremont Real Estate Market Watch, December 3-9, 2011

Market Watch

New Listing (5)
Price Change (6)
Back On Market (1)
Backup Offer (1)
Expired (5)
Pending (4)
Sold (4)

Okay, so here we go with the last week's CLAREMONT REAL ESTATE MARKET WATCH.  It has the statistics and explainations from the last seven days activity in real estate.
 Confidence in Claremont is a little behind some of the nearby cities.  This week there were 5 new listings that are new to the City of Claremont and only 4 sold.  

There are 4 pending homes - homes that have gone into escrow and only 1 that has gone into backup status, meaning they are working with an offer but taking backup offers in case the first one doesn't work out for some reason.  This is a must in today's volatile real estate marketplace.  A good agent will take backup offers so that the seller doesn't waste a lot of time on one offer only to have the buyer pull out at the last minute or not have the loan work out.  If they didn't they would have to start all over from scratch and wait for another offer. 

I have to write yet another paragraph on pricing.  To be fair, banks are doing some of the price changes, raising and lowering prices according to the BPO's they receive or the investor input.  However, I am still seeing agents making mistakes on the pricing from the very beginning.  It matters from the start because it has been shown in a study I saw that a house will sell within the first ten days.  So you can see, if you lose those first ten days with a 'trial' price, you lose out on a good chunk of what will undoubtedly be the highest and best offer you will receive on your home.

 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

San Dimas Real Estate Market Watch, December 3-9, 2011

San Dimas Real Estate Market Watch, December 3-9, 2011

Market Watch

New Listing (9)
Price Change (7)
Back On Market (6)
Backup Offer (2)
Expired (5)
Pending (4)
Sold (6)

Okay, so here we go with the last week's SAN DIMAS REAL ESTATE MARKET WATCH.  It has the statistics and explainations from the last seven days activity in real estate.
 It seems that the confidence of home sellers is coming back to the real estate marketplace.  This is shown by the 9 new listings that are new to the City of San Dimas.  This coupled with the fact that 6 homes were sold would tell one that the housing market in San Dimas is starting to pick up!

There are 4 pending homes - homes that have gone into escrow and 6 that have gone into backup status, meaning they are working with an offer but taking backup offers in case the first one doesn't work out for some reason.  This is a must in today's volatile real estate marketplace.  A good agent will take backup offers so that the seller doesn't waste a lot of time on one offer only to have the buyer pull out at the last minute or not have the loan work out.  If they didn't they would have to start all over from scratch and wait for another offer. 

Since there are 7 price changes I have to write yet another paragraph on pricing.  To be fair, banks are doing some of the price changes, raising and lowering prices according to the BPO's they receive or the investor input.  However, I am still seeing agents making mistakes on the pricing from the very beginning.  It matters from the start because it has been shown in a study I saw that a house will sell within the first ten days.  So you can see, if you lose those first ten days with a 'trial' price, you lose out on a good chunk of what will undoubtedly be the highest and best offer you will receive on your home.

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

La Verne Real Estate Market Watch, December 3-9, 2011

La Verne Real Estate Market Watch, December 3-9, 2011

Market Watch

New Listing (10)
Price Change (12)
Back On Market (4)
Backup Offer (4)
Expired (3)
Pending (11)
Sold (8)

Okay, so here we go with the last week's LA VERNE REAL ESTATE MARKET WATCH.  It has the statistics and explainations from the last seven days activity in real estate.

It seems that the confidence of home sellers is coming back to the real estate marketplace.  This is shown by the 10 new listings that are new to the City of La Verne.  This coupled with the fact that 8 homes were sold would tell one that the housing market in La Verne is starting to pick up!

        

There are 11 pending homes - homes that have gone into escrow and 4 that have gone into backup status, meaning they are working with an offer but taking backup offers in case the first one doesn't work out for some reason.  This is a must in today's volatile real estate marketplace.  A good agent will take backup offers so that the seller doesn't waste a lot of time on one offer only to have the buyer pull out at the last minute or not have the loan work out.  If they didn't they would have to start all over from scratch and wait for another offer.

Since there are 12 price changes I have to write yet another paragraph on pricing. I know it's tough in today's market, but 12 price changes is quite a lot.  To be fair, banks are doing some of the price changes, raising and lowering prices according to the BPO's they receive or the investor input.  However, I am still seeing agents making mistakes on the pricing from the very beginning.  It matters from the start because it has been shown in a study I saw that a house will sell within the first ten days.  So you can see, if you lose those first ten days with a 'trial' price, you lose out on a good chunk of what will undoubtedly be the highest and best offer you will receive on your home.

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

Singing Carols!

Singing Carols!

Okay, so about a week ago my friend SHARON who is a member of San Dimas/La Verne Soroptimists called me.  I can't remember the exact reason for her call, but she told me the group was going to sing carols for the senior citizens over at La Verne Manor.  Me, being the crazy blonde that I am, invited myself.

So today, a grpup of about 11 women headed over to the manor.  I didn't know what to expect other than I remember singing to seniors when I was a little girl in church.  The Soroptimist group is amazing.  Not only did they bring song sheets for all of the residents, they made a Christmas bag full of things like lotion, socks and chocolates for each person there.

When we began to sing, every wonderful resident joined in or listened.  And one lady in particular caught my attention.  She just had this look of pure enjoyment on her face.  So afterward I headed over to her wheelchair and spoke with her.  I told her I thought she loved music very much.  And come to find out, she had been a piano player/singer/dancer in her younger years.  She told me that music will always be a part of her life and that she sings her way through her days.  Wow, what an attitude!  I truly want to be that kind of person when I am older and maybe can't get around so well anymore.  She is joyful and happy.

So, not only did we make everyone's day, I learned an important lesson.  Keep singing and life won't feel so bad.

2011 Glendora Christmas Parade

 2011 Glendora Christmas Parade

Okay, so when I was growing up in Glendora, it was a small, tigh-knit community of like 25,000 people or so.  And the town would have these great events in "The Village" like the Flasback to the 50's sock hop and carnival, the Christmas Stroll and Christmas Parade, the Homecoming Parade, etc. You get the Idea.  Almost the entire town turned out for these fun events and you were guaranteed to see friends and neighbors and school mates.

Today, I'm so glad to say, it's still the same.  The population has more than doubled in size coming really close to 50,000 residents. There are people from every church, school, neighborhood, etc that come out and really make this town a community of friends and family even with the increase in size. 

Over the years, the parade route has been extended to accomodate the increase in population and so there's a good area to meet after the parade.  Now the route extends down Glendora Avenue from Bennett to Foothill, takes a right turn on Foothill a right on Grand and ends up over at La Fetra and Sandburg Middle School.  But it still starts with the ever popular Glendora High Marching Tartan Band complete with bagpipes playing Scotland the Brave and ends with, you guessed it, Santa himself!

So if you're in the area this Saturday, December 10th, you should definitely attend the 2011 Glendora Christmas Parade.  This year's theme is "An Old Fashioned Christmas" and the Motto of the parade itself is "All About Kids!"

WHAT: GLENDORA HOMETOWN CHRISTMAS PARADE

WHEN:SATURDAY, DECEMBER 10TH, 2011

TIME:9:00 AM

October 2011 Homes Sales in California

October 2011 Homes Sales in California

Okay, so it's time once again to get 'the bigger' picture.  These statistics and figures are obtained from DQ News, a real estate data capturer and are really accurate.

According to the DQ News Article, home sales in California for the month of October 2011 were down 3.7% from September and up 4.3% from last October.  so overall, this points to an upswing in home sales over the year.

The median price for a home went down to $240,000 from $249,000 in September which is a 3.6% decrease in value in just a month.  Last October the median price was $256,000 in October of 2010.  The home values in California have been consistently dropping every month for the last 13 months.  Interestingly the bottom value was $221,000 in April, 2009 while the peak for this cycle was $484,000 in early 2007.

Distressed Properties (short sales and foreclosures) continue to make up over half our the current home sales in California. Of the existing homes sold last month 34.1% were foreclosures.  This figure was up from September but down from last year.  The all time high was in Feburary 2009 and was 58.8%. As for short sales, they made up 19.5% of the existing home sales in October.

Buyers are committing to lower and lower mortgage payments as time goes on. The average payment was $924 which is much lower ( I can attest) than the mortgage payments which were being handled early on in this housing bubble. In fact, the $924 is the lowest mortgage payment on record and down 58% from the spring peak of 1989and 66% lower than the current cycles peak in June of 2006.

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!

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