La Verne Real Estate Market Watch - May 15-21, 2012
Okay, so this is another exciting week for real estate in La Verne. Let me stress this, FOURTEEN new listings and ELEVEN sold! As you can tell, the homes are getting sold and the inventory is shrinking. So if you are thinking of buying a home, it's time before they all get gobbled up. There have been quite a few articles recently about low amounts of homes for sale in certain areas. And even more articles about bidding wars being back. So if you are thinking of selling your home, well the laws of supply and demand come into play. Lower supply, larger demand raises those home prices just a bit for you.
Eleven homes went into escrow this week. That means that in approximately 30-45 days these should become sold houses as well. Congrats to those families and good luck in your new home! Just four homes have gone into back up status in La Verne which, as I have explained before means that an offer has gone to the bank and they are taking more offers in case the buyer drops out. Hopefully they will all go into escrow and become sold as well. Congratulations to all those agents with the sales, escrows and backups! Go get 'em.
Pricing. I personally think I have been complaining about pricing for almost a year and a half. Not that I attribute this to my rants comments, but this week in La Verne there were only four price changes! Awesome job, agents!
I try to stay on top of the communities I serve and be a local expert for all of them, real estate and otherwise. 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!
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