Claremont, CA Real Estate Market Report for December, 2010.
One of my Core Communities in "My Little Corner of the World" is Claremont, CA. Home to the Claremont Colleges, this once very active real estate market is a trickle of what used to be. Homes here tend to be very nice, the schools are good and the beautiful community has much to offer. While neighboring cities saw the number of real estate transactions decline for the most part, Claremont saw a 7.3% increase for 2010 over 2009. Along with more transactions, this lucky town also saw prices increase 10.9% over last year and 3.7% this last month.
Attesting to Claremont's resilliance in the market is the fact that it's prices have fallen only 24.4% from the peak of several years ago ( compared to the ten cities in "My little Corner" ranging from around 30 to 50%.
In a Nutshell for December, 2010.... All information is for Single Family Detached Residences.
- Active Listings - 108
- Pending Sales - 18 with 12 more taking backup offers.
- Closed Sales - 22
- Average Selling Price - $569,831, Up 10.9% from 12/2009.
- Average D.O.M. - 87 days.
- Months of Inventory - An increase to 4.9 months.
Claremont's distressed sale profile is quite different from the norm in this area:
- Standard Transactions represent 66.7% of December sales.
- Short Sales an amazingly low 4.8%
- Bank Owned (REO) - 28.9%
There is a lot in information packed into these few paragraphs. Questions? Call!
This has been the Claremont, CA Real Estate Market Report for December, 2010. If you like this information and don't want to miss future reports, subscribe below. Thanks for visiting.
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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