Claremont Real Estate Market Watch - April 17-23, 2012
Okay, so here are Claremont Real Estate Market statistics for this week - and they seem to be picking up!
This week there are eight new listings in the city. Ten sold this week in Claremont, and that number is moving along quite nicely. The same number, ten, went into escrow which means that in approximately 30-60 days we should have ten more that sold. Looks like the Claremont Real Estate Market is starting to move and shake. (A HA, move and shake, get it, California, earthquakes...!)
Ten homes were also placed back on the market and six have moved into back up status. Usually the homes that go back on the market are homes where the buyer has either had to wait too long and backed out of the deal, or can't get the loan they need to complete the purchase. The banks have been working on the timing partand the new procedures are actually starting to have an affect on home sales. Short sales vs foreclosures are moving toward short sale now!
This week there were seven price changes. Before, a lot of this could be blamed on the banks changing their prices and taking such a long time that the prices were dropping before they were sold. Now it's just that the agent has to price it right from the start to get it sold!
I try to stay on top of the communities I serve and be a local expert for all of them. So if you are interested in buying or selling a home, or if you simply have real estate questions, please feel free to contact me. I will be more than happy to assist you!
**All information is taken from the IMRMLS.
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