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Keith Sorem's Blog

By Keith Sorem | Agent in Glendale, CA

Real Estate Market Report West San Gabriel Valley, CA September 2010


Real Estate Market Report

West San Gabriel Valley          September, 2010

Pasadena, Altadena, South Pasadena, and San Marino

 

At A Glance

The Market Activity Index dropped .04 points from last month to January 2009 levels.  This shift if caused by a continued jump in New Listings and a drop in the Pending Ratio to the lowest point of the last 12 months.  That means fewer New Sales creating an increase of Months of Inventory. Interestingly, home values have increased but I would not bet on that trend continuing.   

 


Recommendations

 

For buyers –The increase in listing inventory and low interest rates make this a very good time to buy.

 

For sellers –   Ask for our Highest Value Property Audit to learn the most valuable features of your property and how to maximize their value to buyers so you do not leave any money on the negotiating table.

 

Keith Sorem

Glendale CA Realtor® of the Year 2009

DRE# 01374635

 

Data from i-Tech  MLS has not been verified, is not guaranteed, and is subject to change

 

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