| Market Watch |
| New Listing (6) | |
| Price Change (17) | |
| Back On Market (2) | |
| Backup Offer (6) | |
| Expired (1) | |
| Pending (4) | |
| Sold (8) |
Okay, I have made a decision. I know this shocks and surprises you (LOL NOW!) but I actually have. The HIGHS AND LOWS series that I started will be seperate blogs because there was so much content. It would be way too long if it was all in the same blog. So Friday's will be the same REAL ESTATE MARKET WATCH and the beginning of the week will be the HIGHS AND LOWS.
So here we go again, and let's start with the most important thing - THE PRICING! Seriously, when will agents out there learn their jobs? THE MOST IMPORTANT THING RIGHT NOW IS PRICE. If it's priced too high, a good agent will know it's not a good deal for their client and NOT SHOW IT. If it's priced too low, well, you know what happens there, the seller will be upset in the end, the bank will not give an okay to the price, etc. Same result, no selling the house. In one of my previous entries, I posted a blog from my good friend Ilona Matteson which illustrates how most homes are selling within the first two weeks. Why would you waste six months or more on a listing that missed the boat from the start. And after that time, your home wouldn't be worth as much as when you started. After all, can you afford to lose money, possibly thousands, due to a bad agent and the declining market?
That being said, AGAIN (I'm such a nagger...) let's move on. There are six new listings and two back on the market. That's not so bad as far as the inventory goes. Six in backup status and four in pending. Those ten should be through escrow and sold within the next 30-45 days and have new families. And eight have sold. This is another week where the inventory coming into the real estate market is less than the sold homes going off of the market. I just wish the sales were closing faster so we can get out of this culture of short-sales and bank owned properties! Soon, I think!
As always, call me for your real estate questions and any help you may need in navigating the Southern California Real Estate Market.
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