SAN DIMAS REAL ESTATE MARKET WATCH - May 12-18, 2012
Okay, so this is another exciting week for real estate in SAN DIMAS. Eight new listings and six sold. As you can tell, the homes are getting sold and the inventory is shrinking. So if you are thinking of buying a home, it's time before they all get gobbled up. There have been quite a few articles recently about low amounts of homes for sale in certain areas. And even more articles about bidding wars being back. So if you are thinking of selling your home, well the laws of supply and demand come into play. Lower supply, larger demand raises those home prices just a bit for you.
Eight homes went into escrow this week. That means that in approximately 30-45 days these should become sold houses as well. Congrats to those families and good luck in your new home! Five homes have gone into back up status in San Dimas which, as I have explained before means that an offer has gone to the bank and they are taking more offers in case the buyer drops out. Hopefully they will all go into escrow and become sold as well. Congratulations to all those agents with the sales, escrows and backups! Go get 'em.
Pricing. I personally think I have been complaining about pricing for almost a year and a half. Not that my rants comments have had anything to do with it, but this week in San Dimas there were only four price changes! Good job agents.
I try to stay on top of the communities I serve and be a local expert for all of them, real estate and otherwise. 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!