You Don't KNOW THE MARKET If You Don't Know The NUMBERS - Upland, CA.
By: Brad Rachielles, Realtor
I "run the numbers" for my service area every month. April, 2014 saw very little change from the prior month. Home inventories were down some. Even though the National Association of Realtors is indication National Inventory levels of 5.2 months, Upland fell back to 1.7 months. That is significantly better than April, 2013 when we were at o.9 months. Active listings fell but "Closed Sales" Doubled. The good news is that there are ready, willing and able buyers out there and they are buying up properties faster than sellers are convinced that they can sell their home.
Sometimes, things are not what they seem. While it looked like prices were declining, a closer look revealed that the properties sold were significantly smaller on average, dropping from an average of 2130 Square feet in March to only 1882 square feet on average in April. Double digit size reduction happens occasionally, especially when there is a low inventory to select from. The real indicator is that the average price per square foot INCREASED from $231.67 in March, to $236.92 in April. Almost two percent.
Standard Sales are king in the area with an 88.8% share of the market and that is up 3.7% from March. Also growing in share are cash sales, capturing 4% more just this last month.
There are many amazing numbers in real estate. Some vary by area, even neighborhood. Some vary with the size or the price range of the home. If you are interested in learning more, PLEASE CALL ME at 909-816-7333 and let's have a confidential chat about the number that would make you a seller. If the time is right for you, I'd love to have a chance to present a customized plan for selling your home for the best possible number, and in the time frame that is right for you.
If the numbers aren't right, or if the timing is not quite right..... that's OK, at least you will KNOW THE MARKET better, knowing the numbers.
Remember, numbers are great as an aid, but it's really all about YOU..... Call Me.
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It's All About YOU! Brad Rachielles, REALTOR, Upland, CA. BRE# 01489453
Brad Rachielles, REALTOR. Helping Inland Empire Buyers and Sellers with their Real Estate needs in the Communities of: Upland, Rancho Cucamonga, Fontana, Claremont, Ontario, Chino, Chino Hills, Pomona and La Verne, CA.
Cell: 909-816-7333 B.R E. # 01489453
Web Page: http://www.BradRachielles.com