Br Brad Rachielles, REALTOR
Claremont is the home of the famous college group, collectively called the Claremont Colleges. The whole community would appear to place a heavy emphasis on education. As such, real estate needs are diverse, so let me stick to only the single family residences (S.F.R.). Home sales prices for the last year ranged from $265,000 to $3,600,000 with only 297 closed sales in Claremont.
Looking at August, 2014 S.F.R. Sales
- Active listings in Claremont remained mostly constant in August from a month ago. Closed sales would seam to have plummeted if you look at the percentages.... the reality is that the drop was only six homes, this giving an indication that statistics in communities with low volume can be skewed substantially by fairly small bumps or dips.
- The average selling price increased by 2.6% to $742,363 and would likely be a true indicator as the average size of the sold homes changed very little. It is interesting to note that Claremont home prices have come very close to the peak prices seen in mid 2007.
- Even though inventories have climbed some, Claremont exhibits a strong "Seller's Market" overall. It is tough for a buyer to match a well defined wish list in Claremont because there are relatively few properties to select from. That said, buying a home in Claremont will likely be very satisfying.
- A futures indicator is found in the "Pending Home Sales Numbers. Pendings are homes with accepted contracts but not yet closed. Back-up sales are another class of pending sales where the seller wants to have offers to open if the present buyer falls out of the transaction. Together (P+BU) increased slightly last month.
The REAL ESTATE STATISTICS FOR CLAREMONT
The data is from the CRMLS and is deemed to be accurate but can not be guaranteed.
These are the numbers in a nutshell. if you would like a copy of my entire report for the ten cities in my service area, call me at 909-816-7333 or e-mail me at BradRachielles@dslextreme.com and I'll be happy to help you wade through the LOCAL numbers. If neighborhood numbers are what you need... LET'S Talk!
That's it. This has been the:
Claremont, CA - Real Estate Market Report - August, 2014