La Verne Real Estate Market Watch - April 18-24, 2012
Okay, so here are La Verne Real Estate Market statistics for this week - and they seem to be shooting up!
This week there are 14 new listings in the city. Four sold this week in La Verne, and that number seems to be holding steady. Ten went into escrow which means that in approximately 30-60 days we should have 10 more that sold. Looks like the La Verne Real Estate Market is starting to move and shake.
Four homes were also placed back on the market and seven have moved into back up status. Usually the homes that go back on the market are homes where the buyer has either had to wait too long and backed out of the deal, or can't get the loan they need to complete the purchase. The banks have been working on the timing part and the new procedures are actually starting to have an affect on home sales. Short sales vs foreclosures are moving toward short sale now!
This week there were six price changes. Really, that's not a lot when you consider that there are ten pending homes! Before, a lot of the price changing could be blamed on the banks changing their prices and taking such a long time that the prices were dropping before they were sold. Now it's just that the agent has to price it right from the start to get it sold!
I try to stay on top of the communities I serve and be a local expert for all of them. So if you are interested in buying or selling a home, or if you simply have real estate questions, please feel free to contact me. I will be more than happy to assist you!
**All information is taken from the IMRMLS.
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.
Linda K. Mayer, Realtor, SRES
License # 01767321
A Realtor you can Trust!
(626) 824-8927 Cell