HIGHS AND LOWS - La Verne, CA - March 6, 2012

HIGHS AND LOWS - La Verne, CA - March 6, 2012

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

SINGLE FAMILY RESIDENCE

Lowest Priced Home   $     195,000

Highest Priced Home   $  3,500,000

Average   $     475,000

Active Listings   132

Sold This Week  7

New Listings This Week  9

WHAT THIS MEANS TO YOU:  You now have more information about what's happening with the LA VERNE 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 LA VERNE this week is $475,000 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 132 homes being actively marketed by Realtors for sale.  If you divide those 132 by the number of homes sold this week, in this case 7, you have your saturation rate.  This means that if you placed your home on the market to sell you can expect it to take nearly 19 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 likel

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 19 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   $   130,000

Highest   $  224,000

Average   $ 185,000

Active Listings   6

Condos Sold This Week  0

New Listings This Week  2

So if the same holds true for CONDOS, then it would take approximately 3 weeks (or more because none closed sale this past week) to sell your condo or townhome.  And a buyer has 6 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.

Since I am local to the area, I work hard to be a local expert in LA VERNE 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!

**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 - Glendora, CA - March 5, 2012

HIGHS AND LOWS - Glendora, CA - March 5, 2012

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

SINGLE FAMILY RESIDENCE

Lowest Priced Home   $     210,000

Highest Priced Home   $  4,188,000

Average   $     399,900

Active Listings   141

Sold This Week  9

New Listings This Week  13

WHAT THIS MEANS TO YOU:  You now have more information about what's happening with the GLENDORA 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 GLENDORA this week is $399,900 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 190 homes being actively marketed by Realtors for sale.  If you divide those 190 by the number of homes sold this week, in this case 9, 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 21 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 13 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 21 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   $ 429,000

Average   $ 300,000

Active Listings   17

Condos Sold This Week  3

New Listings This Week  1

So if the same holds true for CONDOS, then it would take approximately 5 weeks to sell your condo or townhome.  And a buyer has 17 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.

Since I am local to the area, I work hard to be a local expert in GLENDORA 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
LindaKMayer@live.com
Linda's Website

HIGHS AND LOWS - Claremont, CA - March 5, 2012

HIGHS AND LOWS - Claremont, CA - March 5, 2012

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

SINGLE FAMILY RESIDENCE

Lowest Priced Home   $     135,000

Highest Priced Home   $  4,000,000

Average   $     399,900

Active Listings   141

Sold This Week  9

New Listings This Week  21

WHAT THIS MEANS TO YOU:  You now have more information about what's happening with the CLAREMONT 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 CLAREMONT this week is $399,900 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 141 homes being actively marketed by Realtors for sale.  If you divide those 141 by the number of homes sold this week, in this case 9, 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 15 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 21 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 15 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   $   169,800

Highest   $ 612,998

Average   $ 359,000

Active Listings   14

Condos Sold This Week  1

New Listings This Week  0

So if the same holds true for CONDOS, then it would take approximately 14 weeks to sell your condo or townhome.  And a buyer has 14 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.

Since I am local to the area, I work hard to be a local expert in CLAREMONT 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!

**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

Fritz Coleman to Headline San Dimas Heroes Fundraiser

Fritz Coleman to Headline San Dimas Heroes Fundraiser

Weatherman Fritz Coleman will be hosting a fundraiser to help the San Dimas Heroes group raise more funds for the San Dimas Heroes Veteran's Memorial which is located about 1/2 a mile from my office!  

The event will be held on March 10th at the San Dimas Community Building named after Stanley Plummer.  A social hour will start at 6PM followed at 7PM by the show.

Tickets cost a mere $25 per adult and all proceeds will go to benefit the ongoing Helping Establish a Remembrance of Every Service Person Project.  

For more information, click THIS LINK.  

See what an amazing local community we have here.  So if you are interested in information about buying or selling in San Dimas or the surrounding cities, please feel free to give me a call, or text or email or...  I will be honored to answer your questions and help 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

Amazing Pasadena Home For Sale!

Amazing Pasadena Home For Sale!

Looking for a buyer in a much-desired area of Pasadena?  Look no further!  The home at 161 Virginia is a couple of blocks from San Marino is in a great little neighborhood. Close to schools, shopping and the freeway, it is a great place to live!  The home is 3 bedrooms and 2 full bathrooms and has the hugest of huge backyards - fabulous for entertaining and/or children to play in.  

Many, many upgrades are included:  30-yr roof installed in 2011, a reverse-osmosis water system is installed in the kitchen, a new multi-zone high-efficiency air conditioner has been installed, the whole house has copper plumbing, and the entire home as been electrically rewired.  

The play equipment is not included in the sale but you can negotiate that with the seller if so desired.

If interested, please call Linda Mayer at (626) 824-8927 for further information.

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

California Homes Sales - January 2012

California Homes Sales - January 2012

Okay, so, the DQ News January Home Report has been released.  The California Home Report for January is quite interesting.  Now remember, all real estate is extremely local at this time - even down to the neighborhood.  While this report is statewide but still gives an great picture of what's actually happening in California.

  

More than 28,000 condos and houses were sold in January.  Is that good you ask?  When compared with December that figure is down 25.5%.  However when compared with January of 2011, that's up 1.5%. This figure combines existing homes and new homes together.  More than half of these home sales were distressed properties.  So we are still seeing quite a few short sales and foreclosures which is projected to happen all the way through 2013.  

This information is good for home buyers.  Combined with the fact that the interest rates are to stay low until the end of 2013, and inventories of homes are dropping, NOW is the perfect time to purchase your new home!

 Home prices appear to still be dropping.  The month of January boasts a median home price of $236,000 which is down 4.1% from December 2011 and down 1.3% from the previous January.  I believe this will continue to happen for a few more months.  However, if you purchase a home now with the expectation of owning it for at least five years, you should be able to recap your original purchase money and will probably have some equity as things start to edge back up.

The mortgage payment average in January was $893 which is the lowest since February 1999 when it was at $882.  When adjusted for inflation purposes, it was the lowest since 1988.  Good for homeowners!  This mortgage payment is really feasible for almost everyone you can think of.  And buyers are being more conscious and aware beforehand, making sure that the mortgage payment will not put them in dire straits.  Again, good for the buyers!

For more information you should click on the link provided above.

As always, if you want to buy, sell or lease real estate in the area, 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

LindaKMayer@live.com

Linda's Website

Weekly Mortgage Application Survey - February 15, 2012

Weekly Mortgage Application Survey - February 15, 2012

Okay, so I wanted to share this information with you from the Mortgage Bankers Association Report.  But first I must STRESS that real estate has become very localized.  It is no longer just hearing about the national statistics that matter to you, but it has down from state to state and from city to city.  Even this is no longer enough as now it is neighborhood to neighboorhood that matters when you are looking to buy or sell a home.  You must know the nieghborhood you are moving into or the prices in the neighborhood you are moving out of.  THIS IS WHAT MATTERS TO YOU.

However, in reading an article in the MBA website, I thought this was rather interesting information for everyone.  according to the report, mortgage applications decreased by 1% in just a week.  This happens while the refinance percentage climbed to 81.1%.   

The long and short of this is that people are slowing down with their attempts to try and buy a home, while others are simply trying to refinance their existing loans.  I think part of this is that there is less and less inventory in certain areas, such as Las Vegas and therefore that particular area wouldn't have as many loan applications as before.  

There are many more statistics which you can read by clicking THIS LINK.

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
LindaKMayer@live.com
Linda's Website