HIGHS AND LOWS - SAN DIMAS , AUGUST 10, 2011

SINGLE FAMILY RESIDENCES:

LOWEST:                             $189,900

HIGHEST:                             $1,850,000

AVERAGE:                           $399,900

# LISTINGS:                         139 ON MARKET

SOLD THIS WEEK:               6

What this means to you: You have more information so you can make an informed decicion on whether SAN DIMAS is a good decision for your family and if the prices are within your grasp.

The other thing you can take away from this is the saturation rate.  The saturation rate is determined by the amount of sale in a week and the number of listings on the market.  So in this case, there are 139 homes currently listed.  If you divide those by the six sold in one week, it means that it would take 23.167 weeks to sell everything already in the inventory if no more listings are put into the market place.   

How this affects you:  If you placed your home on the market today it could take as long as 6 months to sell your home or as little as a day.  This would depend on how competitive your price is, the condition of your home and the aggressiveness of your agent's marketing campaign.  If you are a buyer, there are more homes to choose from and you have a better chance of getting an offer accepted.

CONDOS AND TOWNHOMES:

LOWEST:                             $160,000

HIGHEST:                             $398,000

AVERAGE:                           $247,000

# LISTINGS:                         35 ON MARKET

SOLD THIS WEEK:               1

So the saturation of condos and townhomes is 35 weeks if nothing more comes onto the SAN DIMAS REAL ESTATE MARKET.

And, as always, if you have real estate questions or need some help with selling or buying your home, turn to a local expert.  Give me a call and I will be more than honored to assist you.

SAN DIMAS LIVING!