CLAREMONT REAL ESTATE MARKET WATCH - JULY 16-22, 2011
CLAREMONT REAL ESTATE MARKET WATCH JULY 16-22, 2011
| Market Watch |
| New Listing (11) | |
| Price Change (14) | |
| Back On Market (2) | |
| Backup Offer (5) | |
| Expired (2) | |
| Pending (2) | |
| Sold (8) |
Okay, so this week in CLAREMONT is moving along pretty well! There are eleven new listings, so people are still selling and moving. Maybe one of those eleven will be the house for you!
So, let's start with the PRICE CHANGES. There are a tremendous amount of PRICE CHANGES. Fourteen is quite a few for such a short amount of time. As always, I caution you to make absolutely sure that you use a Realtor who KNOWS how to price right the first time! Naturally, I do! LOL But seriously I know how to do a proper CMA with great comparables to your home. I can also run comparables from another site that the appraisers go to so you can see a close estimate of what the house will appraise for. (No, I am not an appraiser, nor do I claim to be, but their site is fantastic for being dead on.) Gee, maybe I should write a blog on that subject - More to come!
On to BACK UP OFFERS - There are five homes that went into backup status. A BACK UP OFFER is when they already have an offer they are working on, but they are taking others just in case the first offer doesn't happen to go through. This is really smart for Realtors to do, especially when working with short sales or bank owned properties. Short sales and bank owned properties can take a longer amount of time and some buyers really don't have the patience and drop their offer. It's a shame, really, but that's the reality of the situation.
Two are actually PENDING - This means that the offer has been accepted by all parties and has moved into the escrow phase. Hopefully these will get a new family within a month or so. And eight homes have made it all the way through the sale process and have become SOLD. Only two properties have fallen out of escrow and are now back on the market.
That's about it for this week. As always you can contact me with questions or for all of your SOUTHERN CALIFORNIA REAL ESTATE NEEDS.
CLAREMONT LIVING!
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