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San Dimas Market Watch - May 8-14, 2013

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Real Estate Agent with License # 01767321 BRE# 01767321

San Dimas Market Watch - May 8-14, 2013

Okay, so the last statistics have proven to you that it is definitely a SELLERS MARKET. But the trend is continuing here in this week's San Dimas Market Watch.  

Last week, there were a total of 4 new listings.  Less inventory means higher prices and makes it a sellers market in San Dimas.  When you compare this week's 4 to the sold homes it doesn't give you much of a picture.  But when you add the numbers together shows, that this is definitely still a sellers market in San Dimas, CA.    san dimas park

What does this mean to you if you want to sell?  This means that your home will be sold in a short period of time and many times will sell for more than the asking price.  Naturally, this doesn't mean that you can price your home high and expect the same results.  But that's another whole blog.  This whole environment can cause bidding wars which can make the price of your home increase by quite a bit.

There were 3 price changes, and 2 more have gone into back-up status.  Back-up status means that the home has an accepted offer but for some reason they are preparing in case the buyer backs out, or for some other reason like a short sale waiting on the bank's response. And when you figure in the 4 that went pending (into escrow), that's a whole lot more properties than came on the market this week.  

So, in recap, 4 pending, 1 sold, and 2 into back-up for a total of 7 homes off the market.  When you compare that to the 4 that came into the market, you can easily see why this is still a sellers market in San Dimas, CA.  The market is pretty slow here right now in general, but you can see from the numbers that we are still buyer heavy.

If you are thinking of selling in the SoCal 210 Corridor, please call me for a free home valuation during the month of May.  And if you have real estate question, or other real estate needs, please don't hesitate to call me. I will be honored to help you.

**All statistics are taking from the IMRMLS. Reflects the week of May 8-14, 2013

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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 

 

 

 

 

 

 

 

Comments (1)

Joy Daniels
Joy Daniels Real Estate Group, Ltd. - Harrisburg, PA
Linda you are definitely showing your expertise in real estate. Buyers and sellers in the San Dimas market should contact you for assistance.
May 15, 2013 01:04 PM