HIGHS AND LOWS - LA VERNE , AUGUST 10, 2011
Okay, so here are the LA VERNE Highs and Lows for today, August 10, 2011.
SINGLE FAMILY RESIDENCES:
# LISTINGS: 148 ON MARKET
SOLD THIS WEEK: 3
What this means to you: You have more information so you can make an informed decicion on whether LA VERNE 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 148 homes currently listed. If you divide those by the three sold in one week, it means that it would take 49.3 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 nearly a year 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:
# LISTINGS: 17 ON MARKET
SOLD THIS WEEK: 1
So the saturation of condos and townhomes is 17 weeks if nothing more comes onto the LA VERNE 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.
LA VERNE LIVING!