Market Report on Homes for Sale in Whittier, CA - March 11, 2010
This Market Report is for Whittier, California.
This Market Report on Whittier Homes for Sale will focus on Single Family Residences in Whittier, California. It does not include condominiums or Multifamily Residences.
As of today, there are 271 Single Family Residences for sale in the Whittier area.
79 homes were sold during the month of February. Over the past three months, 255 homes were sold.
The average home sale price over the past month was $341,686, at an average cost per square foot of $248.14.
295 homes are currently in Backup or Pending status, or, which is significant because more homes are have accepted offers right now than are for sale.
It would take 3.4 months, at the current rate of sales, for all the current Whittier homes on the market to sell. A Sellers' Market is when there is less than 5 months of supply. Whittier is currently in a strong Sellers' Market.
So, this Sellers' Market actually applies to all homes for sale in Whittier, CA that are priced under $500,000. Whittier homes for sale that are priced above $500,000 are taking significantly longer to sell. 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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Thank you for reading the above Market Report of Home Sales for Whittier, California.
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I help home owners in the following towns in the greater Whittier area: La Habra, La Habra Heights, La Mirada, Norwalk, Santa Fe Springs, Covina and West Covina.
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