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crescenta valley: Real Estate Market Index Report La Crescenta CA February 2010 - 03/12/10 06:51 PM
Real Estate Market Report
La Crescenta/Montrose/Glendale Annex February, 2010
At A Glance
What a difference a month makes. The Market Index dropped to 0.53, back to March-April levels primarily due to more inventory and fewer sales. Considering the past few months this is a great time for buyers to get a good deal. At least now sellers have competition and cannot afford to overprice if they want top dollar. Note that you need to open escrow by April 30th to take advantage of the $8,000 Federal Tax Credit, and close by June 30th.
Market Activity Index - … (1 comments)
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crescenta valley: Real Estate Market Index Report La Crescenta CA November 2009 - 12/28/09 04:43 PM
Real Estate Market Report
La Crescenta/Montrose/Glendale Annex November, 2009
This area is holding at number 8 in Market Activity Index out of 22 areas. Sometimes statistics are deceiving, and in CV over 40% of homes are selling within 30 days, so do not let the low Index fool you. Good values go quickly, usually with multiple offers. Overpriced listings (60% of the market) tend to sit, receiving offers that are below the list price. The extension and expansion of the $8,000 Federal Tax Credit will help, as well as the $6,500 tax credit for move-up buyers. Interest rates are … (0 comments)
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crescenta valley: Real Estate Market Index Report La Crescenta CA August 2009 - 09/25/09 01:24 PM
Real Estate Market Report
La Crescenta, CA August, 2009
Market Activity Index - 0.86 UP 1 point.
A market index of above 1.20 is a seller's market, between 0.80 to 1.20 is a balanced market, and below 0.80 is a buyer's market.
The Market Index increased to 0.86 from last months 0.85 - A year ago it was 0.31.
New Listings - 20 new listings, down from 25 last month. Last year there were 44.
Pending Listings - 23 listings entered escrow compared to 23 last month, and 12 last year.
Pending Ratio … (0 comments)
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crescenta valley: Real Estate Market Index Report La Crescenta CA July 2009 - 08/10/09 12:23 PM
Real Estate Market Report
… (0 comments)
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crescenta valley: Real Estate Market Index Report for LA Crescenta, CA June 2009 - 07/08/09 04:46 PM
Real Estate Market Report
La Crescenta, CA June, 2009
Market Activity Index - 0.70 down 5 points.
A market index of above 1.20 is a seller's market, between 0.80 to 1.20 is a balanced market, and below 0.80 is a buyer's market.
The Market Index dropped to 0.70 from last months 0.75 - A year ago it was 0.44.
New Listings - 29 new listings, up from 21 last month. Last year there were 33.
Pending Listings - 25 listings entered escrow compared to 32 last month, and 24 last year.
Pending … (0 comments)
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crescenta valley: Real Estate Market Index Report for LA Crescenta, CA May 2009 - 06/16/09 03:33 PM
Real Estate Market Report
La Crescenta, CA May, 2009
Market Activity Index A market index of above 1.20 is a seller's market, between 0.80 to 1.20 is a balanced market, and below 0.80 is a buyer's market.
The Market Index soared to 0.75 from last months 0.35 - A year ago it was 0.38.
New Listings - 21 new listings, way down from 58 last month. Last year there were 36.
Pending Listings - 32 listings entered escrow compared to 20 last month, and 15 last year.
Pending Ratio - 1.52, down from last month's 0.34. Last … (0 comments)
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crescenta valley: Real Estate Market Index Report for LA Crescenta, CA February 2009 - 03/19/09 12:17 PM
La Crescenta, CA February 2009
Market Index
A market index of above 1.20 is a seller's market, between 0.80 to 1.20 is a balanced market, and below 0.80 is a buyer's market.
The Market Index finally gave in to the market pressure and dropped to 0.25. A year ago it was 0.14.
New Listings - 25 new listings, down from 36 last month. Last year there were 41.
Pending Listings - 16 listings entered compared to 11 last month, and 13 last year.
Pending Ratio - 0.60, up from last month's 0.44. Last year the ratio … (0 comments)
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crescenta valley: La Canada Flintridge, CA Real Estate Market Report September 2008 - 10/06/08 04:19 PM
Market Index
A market index of above 1.20 is a seller’s market, between 0.80 to 1.20 is a balanced market, and below 0.80 is a buyer’s market.
The index increased to 0.29, mirroring neighboring La Crescenta. A year ago the index was at 0.27, so we are definitely in the recovery phase.
New Listings – Thirty-eight new listings, up from seventeen in August, compared to last year there were twenty six.
Pending Ratio 0.24, the third month it dropped. The good news was last year, at the beginning of the mortgage meltdown it was 0.15.
Listing … (1 comments)
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crescenta valley: La Crescenta, CA Real Estate Market Report November 2007 - 12/05/07 11:51 PM
The leaves have fallen, with the real estate market fluttering in the winter winds of the Foothills. As most of you are preparing for Christmas, Realtors® are busy helping buyers and sellers figure out what to do next.
The Glencrest Team is working with buyers and sellers and we are busier now than we were during peak selling season. Why is that? Sellers that need to sell need to figure out the best way to squeeze the most out of their sale, and buyers are trying to determine when the rock bottom price is really rock bottom.
Going by the numbers, when … (0 comments)
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crescenta valley: Crescenta Valley Market Report, May, 2007 'I Can See Clearly Now!" - 06/08/07 05:16 PM
What I love about the real estate market is that it is always changing. Helping buyers and sellers understand the type of market we have is like giving someone a manicure on the telephone. Almost impossible because of all the nuances. Let's see if I can clear the air a little bit:
In April we had 145 properties in inventory, increasing to 156 in May, typical of spring market. In April 69 properties came on the market, and 14 went into escrow, a pending rate of only 20%. In May 51 properties came on the market, and 23, or 45%, went into escrow. So … (0 comments)
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crescenta valley: LA Crescenta/Montrrose/Glendale Annex Market Report - April, 2007 - 05/09/07 06:26 PM
The view from the "Balcony of Southern California" is great...a little smoggy, but still great. Great school scores (they keep going up), nice people, a great place to live and work.
How's the real estate market? One of my favorite questions. How do we really know?
I'll explain how I do it:
I measure the overall market with a Market Index, which is composed of key market variables we can measure. If the Market Index is greater than 1.20, then it's a seller's market. If it's between 1.20 and 0.80, it's a balanced market. Below 0.80, it's a buyer's market. La Crescenta's Market Index … (0 comments)
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crescenta valley: Tuesday morning is broker caravan - 05/08/07 03:46 PM
I realize that some may be surprised, but broker caravan is really valuable for me. Of all the listings coming on the market this week, guess how many were pitched at caravan today? Almost all of them. So today we had 51 listings, some were "re-caravans" with price reductions of at least 5%, but most were new.
So how do you decide which listings to see? My record is 16 listings in one caravan. First, if I have a client that has a need that matches the listings, second if it's a property I haven't seen before, third obviously is if … (0 comments)
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Keith Sorem
Glendale,
CA
More about me…
Keller Williams Realty
Address: 411 North Central Avenue, Suite 100, Glendale, CA, 91203
Office Phone: (818) 432-3269
Cell Phone: (818) 230-8049
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