Linda Kay's Blog: California: San Dimas

SAN DIMAS REAL ESTATE MARKET WATCH - May 12-18, 2012

Okay, so this is another exciting week for real estate in SAN DIMAS.  Eight new listings and six 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.  

Eight 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!  Five homes have gone into back up status  in San Dimas 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 my rants comments have had anything to do with it, but this week in San Dimas there were only four price changes!  Good 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!

San Dimas Folks Simply Get Involved

Okay, so I love the title of this blog because it's so true.  San Dimas as a community is very involved in many activities from the Western Days Rodeo to the Veteran's Memorial to the Farmer's Market, there is something to do here for everyone!

But today's blog is about how the individual people in San Dimas really care and get involved.  I was reading a news story, (ya another article from Linda!) and was simply impressed by the dedication of this family.  They are running not one, not two, but FOUR marathons to help raise money for cystic fibrosis research.

Here's how they got involved; Their daughter made friends with another girl at school who happened to have the disease.  As she learned and got older she became involved with the CF Foundation and then her parents took up the challenge and became involved.

So this Sunday, May 6th, the family will run the 3rd of four marathons to raise more money.  If you'd like to read more of the detailed article click HERE.  If you'd like to donate to the CF Foundation click HERE.

On a personal note; my son was actually tested for this disease when he was a baby.  Seeing other children with this and other illnesses where they have to gasp to breathe really makes you stop and think how absolutely lucky most of us are to not have to deal with life threatening illnesses or to see the day to day struggles this brings.  The very least we can do is help.

HIGHS AND LOWS - San Dimas, CA - March 6, 2012

Okay, so here is today's report for the San Dimas, CA Real Estate Market.

SINGLE FAMILY RESIDENCE

Lowest Priced Home   $     185,000

Highest Priced Home   $  2,100,000

Average   $     385,000

Active Listings   129

Sold This Week  5

New Listings This Week  8

WHAT THIS MEANS TO YOU:  You now have more information about what's happening with the SAN DIMAS REAL ESTATE MARKET so you can make an informed decision on whether this city is right for you and if the prices fit into your budget.  The average price in SAN DIMAS this week is $385,000 which is lower than before.  Prices have fallen just a little bit, but it looks like they are starting to stabilize in this area.

The other thing you can learn from this information is the saturation rate of the existing active real estate listings.  The saturation rate is determined by the amount of sales in a week and the number of listings available for sale.  So in this case, there are 129 homes being actively marketed by Realtors for sale.  If you divide those 129 by the number of homes sold this week, in this case 5, you have your saturation rate.  This means that if you placed your home on the market to sell you can expect it to take nearly 26 weeks to complete the sale of your home.  That is if no other listings come into the real estate marketplace during that time.  And we all know how likely that is, now don't we...  In fact this past week there were 8 new listings.

HOW THIS AFFECTS YOU:  If your price is competitive and your home is in relatively decent shape you can have it sold in as little as one day or as much or more than the 26 weeks.  It also depends on the agent you are using.  The more aggressive your agent's marketing plan is for your home, the more exposure your home gets and you can see that would have a great impact.  It truly helps to have an agent that has an existing web presence since most people start their home search online.  On the other hand, if you use someone who merely puts your home on the MLS and does nothing more, it will most likely take a little more time to sell.  

If you are a buyer, this means you have a large selection to choose from and you have a better chance right now of getting an offer accepted.  Not to mention that the average home price has dropped in the last month making you as they buyer able to afford a better home.

CONDOS AND TOWNHOMES

Lowest   $   182,250

Highest   $  429,500

Average   $ 269,000

Active Listings   34

Condos Sold This Week  1

New Listings This Week  1

So if the same holds true for CONDOS, then it would take approximately 34 weeks (or more because none closed sale this past week) to sell your condo or townhome.  And a buyer has 34 to choose from right now.  It seems that during these trying economic times, people are really not doing much in the way of buying or selling condos.

Since I am local to the area, I work hard to be a local expert in SAN DIMAS Real Estate.  The prices, the inventory and the trends so I can be a better agent for you.  However, it is not only real estate information that makes one a local expert.  There must also be knowledge of local events, schools and neighborhoods.

So if you are interested in buying or selling or simply have questions about real estate, please feel free to contact me.  I will be more than happy to assist you. Call me for your free home market analysis!

Fritz Coleman to Headline San Dimas Heroes Fundraiser

Weatherman Fritz Coleman will be hosting a fundraiser to help the San Dimas Heroes group raise more funds for the San Dimas Heroes Veteran's Memorial which is located about 1/2 a mile from my office!  

The event will be held on March 10th at the San Dimas Community Building named after Stanley Plummer.  A social hour will start at 6PM followed at 7PM by the show.

Tickets cost a mere $25 per adult and all proceeds will go to benefit the ongoing Helping Establish a Remembrance of Every Service Person Project.  

For more information, click THIS LINK.  

See what an amazing local community we have here.  So if you are interested in information about buying or selling in San Dimas or the surrounding cities, please feel free to give me a call, or text or email or...  I will be honored to answer your questions and help you.

San Dimas Real Estate Market Watch - February 7-13, 2012

Market Watch

New Listing (14)
Price Change (8)
Back On Market (2)
Backup Offer (6)
Expired (2)
Pending (9)
Sold (3)

Okay, so here is this week's  San Dimas Real Estate Market Watch - and we're off and running!

This week there are 14 new listings which is a good sign that people are getting more and more confident in the real estate market.  Three sold and nine went into escrow.  That's three homes that have new owners and nine that will hopefully in a few weeks.  So home sales are happening in San Dimas.

There are two that went back on the market and six that have gone into backup status.  Usually the homes that go back on the market are homes where the buyer has backed out for some reason and the seller has to start all over again.  Most recently the reason most buyers back out is because of the time it has been taking for the lenders to approve short sales.  To be fair, the lenders are working on it, but it hasn't helped much to this point.

You know, I try to be positive about the amount of price changes and this time I can.  This week in San Dimas there were eight which is actually down from double digits last time I blogged.

I try to stay on top of my communities and be a local expert for all of them.  So if you are interested in buying or selling a home or simply have questions about real estate, please feel free to contact me.  I will be more than happy to assist you!

 

**All information is taken from the IMRMLS.

A Toast of the Town in San Dimas

The San Dimas Chamber of Commerce is holding their Toast of the Town event.  The event consists of wine tasting and food tasting and boasts live music.

The event will be held at the San Dimas Stanly Plummet Community Building on February 16, 2012 from 5:30 to 8:30 pm.  The cost after February 6th is $30 per person.  

If you've never been to one of these events, I wholeheartedly suggest you stop by and sample the local cuisine and award winning wines.  You can meet some great people in your own neck of the woods and sample some foods you may have never thought of before.  A great time to be had by all.

For more information, click HERE or call the San Dimas Chamber of Commerce at (909) 592-3818. 

HIGHS AND LOWS - San Dimas, CA - January 18, 2012

Okay, so here is today's report for the San Dimas, CA real estate market.

SINGLE FAMILY RESIDENCE

Lowest Priced Home   $     150,000

Highest Priced Home   $  2,250,000

Average   $     319,000

Active Listings   103

Sold This Week  3

New Listings This Week  11

WHAT THIS MEANS TO YOU:  You now have more information about what's happening with the SAN DIMAS REAL ESTATE MARKET so you can make an informed decision on whether this city is right for you and if the prices fit into your budget.  The average price in SAN DIMAS this week is $319,000 which is lower than before.  Prices have fallen just a little bit, but it looks like they are starting to stabilize in this area.

The other thing you can learn from this information is the saturation rate of the existing active real estate listings.  The saturation rate is determined by the amount of sales in a week and the number of listings available for sale.  So in this case, there are 103 homes being actively marketed by Realtors for sale.  If you divide those 103 by the number of homes sold this week, in this case 3, you have your saturation rate.  This means that if you placed your home on the market to sell you can expect it to take a little over 34 weeks to complete the sale of your home.  That is if no other listings come into the real estate marketplace during that time.  And we all know how likely that is, now don't we...  In fact this past week there were 11 new listings.

HOW THIS AFFECTS YOU:  If your price is competitive and your home is in relatively decent shape you can have it sold in as little as one day or as much or more than the 34 weeks.  It also depends on the agent you are using.  The more aggressive your agent's marketing plan is for your home, the more exposure your home gets and you can see that would have a great impact.  It truly helps to have an agent that has an existing web presence since most people start their home search online.  On the other hand, if you use someone who merely puts your home on the MLS and does nothing more, it will most likely take a little more time to sell.  

If you are a buyer, this means you have a large selection to choose from and you have a better chance right now of getting an offer accepted.  Not to mention that the average home price has dropped in the last month making you as they buyer able to afford a better home.

CONDOS AND TOWNHOMES

Lowest   $   199,000

Highest   $ 440,000

Average   $ 265,000

Active Listings   38

Condos Sold This Week  2

New Listings This Week  2

So if the same holds true for CONDOS, then it would take approximately 19 weeks to sell your condo or townhome.  And a buyer has 38 to choose from right now.  It seems that during these trying economic times, people are really not doing much in the way of buying or selling condos however the number of listings has picked up a bit.

Since I am local to the area, I work hard to be a local expert in SAN DIMAS Real Estate.  The prices, the inventory and the trends so I can be a better agent for you.  However, it is not only real estate information that makes one a local expert.  There must also be knowledge of local events, schools and neighborhoods.

So if you are interested in buying or selling or simply have questions about real estate, please feel free to contact me.  I will be more than happy to assist you Call me for your free home market analysis!

San Dimas Real Estate Market Watch - January 5-11, 2012

 

Market Watch

New Listing (10)
Price Change (13)
Back On Market (3)
Backup Offer (1)
Expired (0)
Pending (6)
Sold (8)

Okay, so once again we are starting a new year.  Happy New Year once again to all of you.  Here is this week's San Dimas Real Estate Market Watch - and we're off and running!

This week there are ten new listings which is a good sign that people are getting more and more confident in the real estate market.  Eight sold and six went into escrow.  That's eight homes that have new owners and six that will hopefully in a few weeks.  So home sales are happening in San Dimas.

There are three that went back on the market and one that has gone into backup status.  Usually the homes that go back on the market are homes where the buyer has backed out for some reason and the seller has to start all over again.  Most recently the reason most buyers back out is because of the time it has been taking for the lenders to approve short sales.  To be fair, the lenders are working on it, but it hasn't helped much to this point.

You know, I try to be positive about the amount of price changes.  If we only had ten new listings and yet there were thirteen price changes, that's a lot.  Again, the banks change their minds on pricing sometimes, but more often than not, the agents need to do a bit more research before they price the home in the first place.  Enough said.

I try to stay on top of my communities and be a local expert for all of them.  So if you are interested in buying or selling or simply have questions about real estate, please feel free to contact me.  I will be more than happy to assist you!

 

**All information is taken from the IMRMLS.