Jennifer Armas Realtor

Real time numbers for the 2024 market in the surrounding locations…

Here are your Real-time numbers 💪⁣
Notable changes:⁣

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🟢 Strong Seller's Market
Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

🗺️ Upland Market 🏙️
📌 Market Action: 62
📌 Inventory: 37
📌 Median List Price: $825,000

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🟢 Strong Seller's Market
The market has started cooling and prices have been flat for several weeks. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

🗺️ Montclair Market 🏙️
📌 Market Action: 77
📌 Inventory: 9
📌 Median List Price: $699,900

🗺️ Rancho Cucamonga Market 🏙️
📌 Market Action: 63
📌 Inventory: 59
📌 Median List Price: $860,000

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🟢 Strong Seller's Market
In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have recently resumed upward pressure.

🗺️ Claremont Market 🏙️
📌 Market Action: 50
📌 Inventory: 19
📌 Median List Price: $1,428,000

🗺️ Pomona Market 🏙️
📌 Market Action: 53
📌 Inventory: 54
📌 Median List Price: $762,500

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🟢 Strong Seller's Market
The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

🗺️ Corona Market 🏙️
📌 Market Action: 54
📌 Inventory: 132
📌 Median List Price: $799,450

🗺️ Fontana Market 🏙️
📌 Market Action: 52
📌 Inventory: 104
📌 Median List Price: $647,000

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🟢 Strong Seller's Market
While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

🗺️ Chino Hills Market 🏙️
📌 Market Action: 56
📌 Inventory: 39
📌 Median List Price: $1,280,000

🗺️ Chino Market 🏙️
📌 Market Action: 60
📌 Inventory: 29
📌 Median List Price: $850,000

🗺️ La Verne Market 🏙️
📌 Market Action: 49
📌 Inventory: 17
📌 Median List Price: $1,050,000

Currently numbers for the following cities!! Claremont, Pomona, Rancho Cucamonga, Montclair and Upland!

🟢 Strong Seller's Market
In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

🗺️ Upland Market 🏙️
📌 Market Action: 56
📌 Inventory: 45
📌 Median List Price: $850,000

🗺️ Montclair Market 🏙️
📌 Market Action: 73
📌 Inventory: 13
📌 Median List Price: $659,900

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🟢 Strong Seller's Market
The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

🗺️ Pomona Market 🏙️
📌 Market Action: 55
📌 Inventory: 67
📌 Median List Price: $692,000

🗺️ Corona Market 🏙️
📌 Market Action: 57
📌 Inventory: 192
📌 Median List Price: $812,116

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🟢 Strong Seller's Market
The market remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several weeks. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up persistently, prices are likely to resume an upward climb.

🗺️ Rancho Cucamonga Market 🏙️
📌 Market Action: 64
📌 Inventory: 79
📌 Median List Price: $899,000

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🟢 Strong Seller's Market
The market has been cooling off consistently for several weeks, as more homes are available and demand is less. We have begun to seen prices move lower as a result. If the MAI falls into the Buyer’s zone, it is likely that prices continue their downward trend until we see some turnaround in Market Action.

🗺️ Claremont Market 🏙️
📌 Market Action: 50
📌 Inventory: 28
📌 Median List Price: $1,182,000

I'm delighted to bring this 3-bd, 3-ba property in Claremont to market!
Click on the image or contact me directly if you have any questions or would like to learn more about the listing details.

www.listreports.com

JUST LISTED!
1360 TULANE ROAD, CLAREMONT CA 91711

OPEN HOUSE SCHEDULE:
SATURDAY MARCH 25TH (11AM-3PM)
SUNDAY MARCH 26TH (12PM-3PM)

MIDCENTURY TOWNE STYLE RANCH– This classic built by the Sasse Brothers is located in a highly sought after neighborhood in Claremont, featuring spacious floor plans, streamline architectural designs with walls of glass that showcase the natural lighting and landscape. Built in bookshelves throughout for plentiful storage, a floor to ceiling fireplace in main living area, custom Murphy bed for guests, spacious galley kitchen with storage cabinets and stainless steel appliances. Bedrooms include double mirrored glass doors, built in cabinets in closets and plantation shutters. Primary & guest bathrooms modernly upgraded, separate laundry room w/sink and storage cabinets, multiple irrigation and drip system for landscape, new copper plumbing, new Trane HVAC filter system, new water heater, fresh exterior paint, garage offers plentiful storage and direct access into home, solar panels for efficient energy, private backyard with a sustainable garden of California natives, fruit trees and garden beds which is bordered by tall hardwood trees on large lot! Located on a tree lined street with views of mountains and near neighborhood parks, shopping, and award winning Claremont schools.

3 BEDROOMS / 3 BATH / 1,832 SQFT /11,270 LOT

If you’ve got questions about buying, selling, or investing in real estate, don’t hesitate to give me a call. I’ll help you understand the local market conditions and identify the best next steps for your specific situation!

www.listreports.com

Save the date! Such an important fundraiser supporting those who struggle with breast cancer. Plus you get to leave with a succulent wreath! Let’s go and help make a difference!

Share this information with others! Important

The Lifeline and 988 988 has been designated as the new three-digit dialing code that will route callers to the National Su***de Prevention Lifeline (now known as the 988 Su***de & Crisis Lifeline), and is now active across the United States.

Come see it in person! 6871 Opal Street, Rancho Cucamonga, CA
I've scheduled an open house for Sat, Sep 3 @ 11:00 - 2:00PM and Sun, Sep 4 @ 11:00 - 2:00PM.

1630 W Covina Blvd., Space 74, San Dimas, 91773
2 bedroom, 2 bath, 1200 square feet mobile home!!

Come see it in person! I've scheduled an open house for Sat, Sep 10 @ 11:00 - 2:30PM. Click on the image to see all the listing details, or contact me directly if you'd like to learn more.

Mental health awareness is beyond important to understand.

Thank you NAMI for spreading awareness and support to those who need it!

What I Want You to Know as Someone with BPD As someone living with BPD, and as a mental health professional, I can personally tell you how difficult it is to live with this disorder.

NEW LISTING!

1630 W Covina Blvd., Space 74, San Dimas, 91773

Charming 2 bedroom 2 bath double wide mobile home located in a highly sought 55+ yrs community at San Dimas Royal!

Land lease is inexpensive and community is dreamy with a beautiful lush picnic area, pool & spa, laundry room, kitchen, community activities & social clubs & much more. Not to mention the mobile home features ample storage space, newer carpeting and interior paint, enclosed patio/ hobby room, garden & flower beds, new ‘York’ HVAC unit, fresh paint and more!

Maintained with love and looking for the perfect buyer!🏠❤️☀️

Contact my cell phone to schedule a showing or to obtain more info! 🏠 909.964.8092

**COMING SOON**
Charming 2 bedroom / 2 bath, double wide, 1969 mobile home in 55+ yrs community located in San Dimas at highly sought community park with lush gardens and amenities.
Space rent is affordable so don't miss out!

Click on the image to read the full article!

www.listreports.com

The latest median sales report (3 bedroom, 2 bath) CLAREMONT, CA
*If you need a specific sales report for your area, please DM me!*

Median Sales Price for Claremont and more

Happy Easter to my clients & collegues!
Hope your day is filled with endless blessings & love! 🙏 ✝️🌸🐣💕

I'll help you find a home that doesn't have skeletons in the closet – literally and figuratively. 😂💀 Send me a message to get started today!

www.listreports.com

Trunk or treat!! Featuring loads of fun, candy and creepy cars galore!

It makes the process so much smoother ;)

HomeKeepr | Jennifer Armas Use my free service to help with all of your home ownership needs

✨OPEN HOUSE TODAY✨
Sunday, August 1st -12:30 to 4:00pm

5 bedrooms
2 bath
2725 sqft
12,927 lot size

Beautiful 1928 Spanish Colonial Hacienda has been completely restored and updated and located close to San Marino, Eagle Rock, Glendale, The Rose Bowl and more! Excellent award winning Temple City School District and comes with shares of water stock!

8861 Emperor Ave., San Gabriel 91775

Offered at $1,458,000

Contact Jennifer Armas
@ 909 964 8092 and make your offer before it’s too late!

An important factor in today’s market is the number of homes for sale. While inventory levels continue to sit near historic lows, there are indications we may have hit the lowest point we’ll see. Odeta Kushi, Deputy Chief Economist at First American, recently said of our supply challenges:
“It looks like inventory may have hit a bottom (we’ve seen this in the higher frequency data as well). Unsold inventory in May was at 2.5 months supply, up from 2.4.”
We’re still not close to a balanced market, which would be a 6 months’ supply of homes for sale. However, we are seeing a slow but steady increase in homes coming up for sale. And that leaves many buyers and sellers wondering the same thing: what does that mean for me?

Buyers: More Options Are Arriving, so It’s Time To Act
If you’re a buyer, more inventory coming to market is a welcome sight. More supply means more options and less competition, which could mean fewer bidding wars.
According to the latest Monthly Housing Market Trends Report, supply levels are continuing to increase, which is different from the typical summer market:
“In June, newly listed homes grew by 5.5% on a year-over-year basis, and by 10.9% on a month-over-month basis. Typically, fewer newly listed homes appear on the market in the month of June compared to May. This year, growth in new listings is continuing later into the summer season, a welcome sign for a tight housing market.”
If you’re having trouble finding your next home, this news should give you the hope and motivation to keep your buying process moving forward. Experts project mortgage rates will begin increasing, which will make purchasing a home less affordable as time passes. You can still capitalize on today’s low interest rates, so stick with your search as more homes come to market.

Sellers: Our Supply Challenges Aren’t Over Yet, so Now Is the Time To Sell
If you’ve been putting off selling your house, you shouldn’t wait much longer. The year’s month-over-month gains in homes for sale have helped buyers, but we’re still very much in a sellers’ market.
Of course, more homes are coming to market now, and more are expected in the coming months. Selling your house this summer gives you the chance to get ahead of the competition and maximize your sales potential before more homes are put up for sale in your neighborhood.

More homes for sale means more options for buyers and more competition for sellers.

Source: Keeping Matters Current

Let's get started! Give me a call today.

Selling a house is a time-consuming process – especially if you decide to do it on your own, known as a For Sale By Owner (FSBO). That’s one of the reasons why the percentage of people selling their own house has declined from 19% to 8%.

1. Making a Good First Impression
While it may sound simple, there are a lot of proven best practices to consider when prepping a house for sale.
What’s the right amount of landscaping to boost your curb appeal?
If you do this work on your own, you may invest capital and many hours into the wrong things. An agent can help steer you in the right direction based on current market conditions to save you time and effort. These market conditions may not last, so lean on an agent to capitalize on today’s low inventory while you can.

2. Pricing It Right
Real estate professionals have mission-critical information on what sells and how to maximize your profit. They use that data to price your house appropriately, maximizing your return.
Even with your own research, you may not find the most up-to-date information and could risk setting a price that’s inaccurate or unrealistic.

3. Maximizing Your Buyer Pool (and Profit)
Contrary to popular belief, FSBOs may actually net less profit than sellers who use an agent. Simply put, real estate professionals can get your house in front of more buyers via their social media followers, agency resources, and proven sales strategies. According to the National Association of Realtors (NAR), the average house for sale today gets 5 offers.

4. Navigating Negotiations
When it comes to selling your house as a FSBO, you’ll have to handle all of the negotiations.
- The buyer, who wants the best deal possible
- The buyer’s agent, who will use their expertise to advocate for the buyer
- The inspection company, which works for the buyer and will almost always find concerns with the house
- The appraiser, who assesses the property’s value to protect the lender
When appraisals come in low and in countless other situations, they know what levers to pull, how to address the buyer and seller emotions that come with it, and when to ask for second opinions.

5. Juggling Legal Documentation
Speaking of time, consider how much free time you have to review the fine print. That means the stack of legal documents you need to handle as the seller is growing. Instead of going at it alone, use an agent as your shield and advisor to help you avoid potential legal missteps.

Selling your house on your own is a lot of responsibility.

Source: Keeping Matters Current

🌟SCHEDULE YOUR PRIVATE SHOWING🌟
This is your chance to come see this beautiful 1928 Spanish Colonial Hacienda for yourself!

✨8861 Emperor Ave., San Gabriel 91775✨
https://digitallistingsuite.com/8861-emperor/

Located near San Marino in an unincorporated area of Los Angeles County and within the highly desired Temple City School District, this beautiful Spanish Estate is fully upgraded and preserved with all the original features and structure. The history of maintenance and care of the home is stellar.
⁠
✅ 5 Bedroom⁠s
✅ 2 Bathrooms
✅ 2,725 sqft. Home ⁠
✅ 12,927 sqft. Lot⁠
⁠
Come by or schedule your private viewing today!
Jennifer Armas @ 909-964-8092

Give me a call to find out how much your home is worth!

🌟GRAND OPEN HOUSE🌟
◾️ SATURDAY July 17
◾️ 11:30 AM to 3:00 PM

Mark your calendars! This is your chance to come see this beautiful 1928 Spanish Colonial Hacienda for yourself!

✨8861 Emperor Ave., San Gabriel 91775✨
https://digitallistingsuite.com/8861-emperor/

Located near San Marino in an unincorporated area of Los Angeles County and within the highly desired Temple City School District, this beautiful Spanish Estate is fully upgraded and preserved with all the original features and structure. The history of maintenance and care of the home is stellar.
⁠
✅ 5 Bedroom⁠
✅ 2 Baths⁠
✅ 2725 SqFt. Home ⁠
✅ 12,927 SqFt. Lot⁠
⁠
Come by or schedule your private viewing today!
Jennifer Armas @ 909-964-8092

As you scroll through the real estate listings, you might spot a few that say the house is “under contract.” But what does “under contract” mean?
In most cases, a property is listed as “under contract” once a buyer has made an offer and the seller has accepted. While that’s a big step, it doesn’t mean the deal is done quite yet.
So if you see a house you love that’s “under contract,” don’t give up quite yet. Here’s how to handle this scenario and maybe even get the house.
What does ‘under contract’ mean?
When a real estate listing is “under contract,” there are still contingencies attached to that offer that must be cleared before closing, says Kelley Ramirez, a real estate agent with Charles Rutenberg Realty in Central and South Florida. These contingencies often include financing, a home inspection, home appraisal, and sometimes the sale of the buyer’s current home.
Since it’s possible for any of these items to fall through along the way, seller’s agents will sometimes take backup offers. In other words, if you want this home for yourself, that could still happen.
“If a buyer were to find a home that they absolutely love that is listed under contract with contingencies, it definitely wouldn’t hurt to have their agent reach out to the seller’s agent with a backup offer—as long as the buyer understands that this backup offer is only good if the current contract falls through,” Ramirez says.
How good are your odds of a contract falling through? That depends on a number of factors, including the temperature of your local real estate market. The hotter the market, the less likely it is to fall through.
Hal Hovey, a real estate agent with Coldwell Banker Koetje Real Estate in Oak Harbor, WA, says in his market, about 20% of sales that are under contract don’t end up closing.
“In other words, the sales fail to complete, and typically the house comes back available for sale again,” he says.
However, Ramirez cautions buyers not to get their hopes up too high when it comes to putting in offers on properties that are already under contract.
“The majority of the time, the contingencies are cleared without a problem, and the sale goes through,” Ramirez says.
So how long do you have to wait to find out if you have a shot? Well, it could take a while. Hovey says it typically takes 30 to 45 days from the date an offer is accepted until the sales contract closes and the sale is complete.
‘Under contract’ vs. ‘sale pending’: What’s the difference?
Ramirez says while the terms are often used interchangeably, there are differences between a home that’s listed as “under contract” versus “sale pending.” In most cases, “sale pending” means it’s almost a done deal, and you should probably look for another house.
“If a property is listed as ‘sale pending,’ the contingencies have all been removed, and the property is ready to close,” Ramirez says. “At this point, one would assume it will close without issues, and thus making an offer on this type of property would be a moot point.”
It’s also important to note that these terms may vary by state and region. Your real estate agent can better help you understand where a particular home may be in the sale process and what your chances are of buying it. That said, if it’s truly your dream house, don’t give up hope completely, because issues can crop up, even if they’re unlikely, and until that final line is signed, a sale is not a sale.
So, if you see a home listed as “under contract,” you don’t necessarily have to rule it out.
Your chances of getting it aren’t going to be nearly as high as a home with an active “for sale” status, but it can’t hurt to make an offer or at least keep it on your radar until the final sale goes through.

Source: realtor.com

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