Claremont, CA Real Estate Market Report for November, 2010
For years, Claremont home pricing raced ahead of inflation. since their peak several years ago, Claremont's prices have fallen (adjusted) 27% as of November. Now, more than ever, the savvy home buyer or seller needs to know the numbers FOR HIS/HER LOCAL MARKET. Past articles have been concerned with Ten Cities including and surrounding Claremont. These statistics are as local as you cab get... specifically for Claremont, CA Only. Further analysis and cities compared can be seen at R.E.Stats.
Claremont, CA Market Report for November, 2010 - All information for Single Family Dwellings Detached
- Active Listings -117 Units - down slightly from October (125)
- Pending Sales -42 Units - Down from October (47)
- Closed Sales -25 Units - Up 13.6% from 11/2009
- Average Selling Price -$549,374 - Down 2.4% from 11/2009
- Average Days-On-Market (sold homes) - Up 38 days this month to 102 days
- Average Dollars per Sq. Foot -$257.29
- Months of inventory - Down substantially to 4.7 from 10.4 in October
Of the 10 Cities that I watch closely, Claremont has one of the highest proportion of "Standard Sale" closed transactions at 63.6%. "Bank Owned" sales represented only 13.6%. This will vary within price ranges.
If you have any questions, PLEASE feel free to call or e-mail me at your convenience.
This has been your Claremont, CA Real Estate Market Report for November, 2010. Watch for coverage of other communities and an updated report next month. Subscribing to this Blog can have these valuable reports delivered directly to your e-mail. Thanks for your interest and the Best of Success in your home search or Sale.
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It's All About YOU! Brad Rachielles, REALTOR, Upland, CA
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.
Web Page: http://www.BradRachielles.com