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General Area in Alhambra : Real Estate Advice

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Activity 2
Mon Feb 4, 2013
DJ Bonner answered:
Hello Mysusan,
With over 100 homes sold in Alhambra in the last 12 weeks and with the low inventory of homes, I would say there is a high demand for your home. Please feel free to call or email me with any questions you may have or for the opportunity to list your property.


Best regards,
DJ Bonner
Keller Williams Realty
djbonner@kw.com
562-572-4203
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Mon Aug 4, 2008
David Melford answered:
Hello Lee,

That's a loaded question and I wouldn't generalize as it would depend on what kind of property (use; income, condo, house, etc.) and what the the need for value is for. I like statistics from the California Association of Realtors ("CAR") quarterly report and try Altos at http://research.altosresearch.com/research/CA/ALHAMBRA/552
That's a neat snapshot of month to month activity. You know what they say; "supply & demand" and right now, the supply has gone up a lot in the last 3 months, where we have a buyer's market. There is a nine month home supply, number of sales on average have dropped 11.4% from last year, but yet again, the medium price is up 3% in most of California, however CAR is showing ALHAMBRA down 9% from last June, where the average medium is $500,000 as opposed to $550,000 (2006). Price strategically. Have your agent run a CMA.
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