La Verne Market Watch - February 12-18, 2014
Okay so, it's a fabulous time for sellers the city of La Verne, CA. This week in La Verne 13 new listings came on the market. It looks like homeowners in La Verne have started to put their trust back into the housing market in La Verne. Thirteen is more new listings than we've seen for quite a long time!
There were 4 homes that went pending (into the escrow process) and 6 sold home this past week. No listings expired and 9 more have gone into back-up which means an original offer has been accepted and they are simply taking back up offers in case the first one backs out or falls out.
So in recap, 13 homes came into the La Verne housing market and when you take into consideration the 9 backup, 0 expired listings, 4 pending and 6 sold (a total of 32 off the market) you can see that La Verne is still a sellers market. You can easily see that the new listings coming into the market are far outpaced by the homes coming off the market. What this means to you as the seller is that the inventory is low and the prices are still higher due to supply and demand.
When you are thinking of buying or selling a home, contact me, a local expert. All real estate is local down to the neighborhood still and so you need someone who knows what's what in that area. I stay on top of the cities I serve in the SoCal 210 Corridor (such as La Verne, CA) as you can see and will be more than happy to help you with your real estate needs from free home valuations to answering questions and of course helping you buy a house or sell your home. FREE HOME VALUATION FOR THE MONTH OF February.
**All statistics are taking from the IMRMLS.
