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San Dimas Real Estate Market Watch, September 24-30, 2011

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Real Estate Agent with License # 01767321 BRE# 01767321

SAN DIMAS REAL ESTATE MARKET WATCH, SEPTEMBER 24-30, 2011 

 

 Market Watch      
 
Okay, so here flows the information.  Five new listings with seven sold.  Looks like the inventory or homes coming into the market are slowing down while the actual selling is speeding up a bit.  Good for SAN DIMAS!  As a buyer this means that your choices in SAN DIMAS are narrowing a bit.  It also means that the banks appear to be moving along on selling those short sales and Bank owned homes.  Can I say it?  It's about time!
In the City of SAN DIMAS this past week, there were 13 price changes.  It's tough when a bank takes a long time to make up it's mind about sales.  The prices locally are continuing to change and sometimes that means price changes on the homes.  However, if you have a really good agent who knows how to price properly from the beginning, it should help you out quite a bit.  It also helps if they know how to get through a short sale, and every bank is different.  Those should be questions you ask your agent right from the get-go.
We have discussed "back on the market" before, but I think everyone could use a refresher on this subject.  These three homes have either been labeled as pending which means it was entered into escrow, or as back up offers only which means it had an offer that the bank was thinking about.  Like we have said previously, the bank owned and short sales can take a few months.  This means that sometimes a buyer will cancel his offer or the bank can turn down the offer.  All this time leads to homes being changed to "back on the market".
front porch
There are three homes in backup status and five pending homes.  This could very well lead to eight new families shortly moving into their new home.  This is always exciting!

 

 

  And just a reminder,  this weekend (October 1 and 2) is the annual SAN DIMAS RODEO AND WESTERN DAYS.  You can read about it here.

If you are interested in buying or selling or simply have questions about real estate, please feel free to contact me.  I will be more than happy to assist you!

**All information is taken from the IMRMLS.

SAN DIMAS LIVING! 

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Serving the 210 Corridor - the cities of Monrovia, Duarte, Azusa, Glendora, San Dimas, La Verne, Claremont, Upland, Pomona, Chino, Chino Hills, Rancho Cucamonga and Fontana - wherever the need arises.

Warmest Regards,

Linda K. Mayer, Realtor, SRES

License # 01767321

A Realtor you can Trust!

(626) 824-8927 Cell

LindaKMayer@live.com 

 

 

 

 

 

 

 

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