West Covina active listings pretty much unchanged, but ... (11/04/10)

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Welcome to our weekly West Covina Real Estate Market Report.

As of 11/03/10, there are a total of 285 active West Covina Residential Property Listings, that is down 5 from last week. There are no significant changes when it comes to West Covina Condos, however, there is a bit of a change withing the price ranges of West Covina Homes. There are currently 224 active West Covina home listings, down 3 from last week - no big surprise there, but what is worth mentioning is the increase of active West Covina Homes in the price ranges above $500,000. Active West Covina Home listings show a slight decrease in the $200,000 to $300,000 and $300,000 to $400,000 price ranges, while the number of active West Covina Homes above $500,000 show a slight increase compared to last week.

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As far as Standard Listings go compared to properties in some state of foreclosure, the status for active West Covina Homes is unchanged compared to last week (with 44% Standard listings, 46% Short Sale listings, 10% REOs), while active West Covina Condo listings experienced some changes: Standard Sale listings are at 26% (up from 24%), Short Sale listings are at 52% (down from 57%), and REOs are at 21% (up from 19%).

Overall, active Standard listings remain at 40%, active Short Sale listings are at 47% (down from 49% last week), and REOs are at 13% (up from 12% last week).

In addition to the current active West Covina Home and Condo listings, there are 36 West Covina Homes and 5 West Covina Condos in Back-up Offer Status, and 86 West Covina Homes and 27 West Covina Condos are Pending Sale.

In October 2010, there were a total of 61 West Covina Residential Real Estate sales (that's actually an increase of 4 properties compared to September 2010) - 6 Condos (ranging from $155,000 to $248,000) and 55 Homes (ranging from $140,000 to $880,000). Of the 6 West Covina Condo sales, 3 were Standard Sales, 2 were Short Sales, and 1 was an REO. As far as West Covina Homes go that sold in October of 2010, 30 were Standard Sales, 10 were Short Sales, and 15 were REOs.

So far in November, 7 properties have successfully closed Escrow - 3 West Covina Condos and 4 West Covina Homes.

This concludes our weekly West Covina Homes and Real Estate Market Report. Thank you for visiting!

Interested in West Covina Real Estate? Looking for a great Realtor with in-depth knowledge of the West Covina Real Estate Market? Interested in the value of your West Covina Home? We are here to answer any questions you might have. For more information about West Covina Real Estate and the surrounding cities, please visit our state-of-the-art Greater Whittier Area Real Estate website or contact us directly, we would love to speak with you either via phone or in person.

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Sincerely,
Stephanie & Shirley

Sincerely,
Shirley & Stephanie

Shirley Williams & Stephanie Frymyer
The S & S Real Estate Team
"Your Local Property Pros"
310-308-6107 & 562-355-8120
DRE# 01456658 & DRE# 01390458
Your Local Real Estate Specialists
Main Street Realtors, DRE 01157065

Shirley Williams, Realtor® & Real Estate Consultant, SRES®, SFR, CHS; DRE 01456658

Stephanie Frymyer, Realtor® & Real Estate Consultant, ABR®, SRES®, SFR, CHS, Member Worldwide Relocation Council (ERC®); DRE 01390458. Se habla español. Ich spreche deutsch.