First, let me tell you what part of Whittier I am talking about.  Friendly Hills is located in the north and northeast portion of the City of Whittier.  As you rise from any other area up to the Friendly Hills, home prices generally rise with the elevation.  There are a few other hill areas within Whittier, such as Hadley Hills, Spy Glass Hill and Mar Vista Heights, but Friendly Hills is the most upscale of all Whittier neighborhoods.

This Market Report on Friendly Hills Homes for Sale will focus on Single Family Residences in this Whittier, California neighborhood.

As of today, there are 33 Single Family Residences for sale in the Friendly Hills area.

Twelve homes are currently in escrow.

Seven homes were sold during the month of June.

The average home in Friendly Hills over the past 3 months took 126 days to sell. 

The average home sale price was $738,866, or an average cost per square foot of $272.34.

It would take 6.6 months, at the current rate of sales, for all the current Friendly Hills homes on the market to sell. 

You may have heard that we are in a Buyers’ Market, which has been promoted by the news lately.  Most of Whittier is actually experiencing a Sellers’ Market, with the exception of Friendly Hills.

A Buyers’ Market is when there is over 6 months of inventory.  Since Friendly Hills has 6.6 months of inventory, it is in a slight Buyers’ Market.  At this time, the higher the price, the more advantageous it is for the buyer being able to have more leverage and less competition from other buyers.

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