Claremont Real Estate Market Watch - May 14-20, 2012
Okay, so this is another exciting week for real estate in Claremont. Four new listings and nine 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.
Just seven 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! Six homes have gone into back up status in Claremont 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 I attribute this to my rants comments, but this week in Claremont there were only five price changes! Awesome 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!