Want to know what's happening here at Azusa and Glendora? I get asked this question often. Is now a good time to sell? I also get asked if we're gonna see a crash and what should people be doing with their home? It can be so confusing with the constant changes in the market to know what the best decision for your family will be. I totally understand this.
Hi, I'm Stephanie Martenzi, Super Mom Super Agent with Southland Properties and I'm here to help you navigate this market.When answering these questions, it's always a good idea to look at the data and what's happening in the market so that you can make an informed and educated decision. So let's see what the market looks like here locally.
Is it a good time to sell here in Azusa, California 91702? Or Glendora, California 91740 and 91741?
Well, let's look at what is happening this month. In Azusa, we currently, at the time of this video, have 42 homes that are active. The average time to sell is only 15 days with 10 homes selling thus far. Now you may be wondering if it's a good time to sell in Glendora.
In Glendora, we have 64 active homes on the market and thus far only 19 homes were sold. So here in Azusa and Glendora, we have very relatively low inventory and we still have relatively strong buyer demand.
However, the market is very volatile right now. We are currently experiencing more homes on the market than the past few months and we aren't seeing as many offers on homes as we were seeing previously just a few weeks ago. And also, homes aren't being bid up as high as they were and buyers are not willing to remove contingencies as much as they were doing recently.
It's a good time to sell because interest rates are expected to continue to go up. And that is the reason for the sudden shift in the market. If you're thinking of selling, now would be a good time before the interest rates continue to go up even more. Because remember, as interest rates increase, buyers have less buying power and will have to purchase a home that is less expensive to make up the difference in interest rates increasing.
I'm looking forward to hearing from you, and as always, this is Stephanie Martenzi, Super Mom Super Agent with Southland Properties. Here to help you have a super fun, empowered and informed real estate experience by guiding you every step of the way. If you see me out in the community, make sure to say hi.
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