GLENDORA REAL ESTATE MARKET WATCH - May 13-19, 2012
|New Listing (19)|
|Price Change (13)|
|Back On Market (7)|
|Backup Offer (12)|
Okay, so this is another exciting week for real estate in Glendora. Let me stress it, NINETEEN new listings and four 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. It seems this is a little backwards in Glendora, but like I always say, "real estate is local."
Twelve 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! Twelve more homes have gone into back up status in Glendora 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. Apparently my rants aren't getting through as this week in Glendora there were thirteen price changes! That's so many, but I'm not in a ranting mood right now. (Lucky you!)
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!