Real Estate Market Report
La CaÃ±ada Flintridge, CA Â Â Â Â Â Â Â Â Â Â Â September, 2010
At A Glance
The Market Activity Index actually went UP three points to 0.34, but the Pending Ratio is HALF ofÂ what it was last year. This Â paints a picture of continued decline toward a buyers market.Â Although Months of Inventory declined this month, it appears almost certain to increase next month, probably to the five month range.Â If only 7 properties close escrow next month, that would yield the lowest rate since January and shift the Months of Inventory to over 12 months.Â Â Â
For buyers â€“ Inventory is increasing, so combined with low interest rates, now could be the time to buy, especially if you are planning to hold on to the property for five to ten years.Â Â For our list of Best Buys call or email the office.
For sellers â€“ Ask us for our Highest Value Property Audit.Â and learn the features in your home that buyers will value and how to avoid leaving money on the negotiating table.Â Â
Glendale CA RealtorÂ® of the Year 2009
Data from i-Tech Â MLS has not been verified, is not guaranteed, and is subject to change