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Everyone has been asking me about the gas leak that has been affecting our community. Since December, we’ve gotten hundreds of inquiries into what to expect with our real estate market due to the gas leak.
Since December 15th, we have had 59 closed escrows in the zip code of 91326. Of these closed properties, the list to sale price ratio was 98.1%. That’s pretty good, considering the conditions that have arisen as of late.
Overall, the real estate market has actually improved since last year. At our last two open houses in Renaldi, we have had nearly 70 interested buyers at each showing. This might be due to low inventory, rising interest rates, or improved affordability.
Simply put, this gas leak has not put a dent in our local market. We’re still in a very desirable area with some of the best schools in the state and the country. Low interest rates are also driving a lot of buyers to our doorstep.
If you want to sell your home, visit www.your91326.com for a free home evaluation. We look forward to hearing from you!
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