Market Report on Homes for Sale in Whittier, CA - August 2, 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 381 Single Family Residences for sale in the Whittier area.
81 homes were sold during the month of July. Over the past three months, 320 homes were sold.
The average home sale price over the past month was $350,850, at an average cost per square foot of $248.30.
297 homes are currently in Backup or Pending status, which is significant because fewer homes are have accepted offers right now than are for sale. What this means is that there are now more homes available for per buyer than any other time during the past 2 years.
It would take 4.7 months, at the current rate of sales, for all the current Whittier homes on the market to sell. Technically a Sellers' Market is when there is less than 5 months of supply. Whittier is currently neither a Sellers' Market nor a Buyers' Market, but the sellers do have a slight edge. This is a significant shift in the Whittier real estate market, which has been in a strong Sellers' Market for the past year and a half. The next 2-3 months should reveal if the market is edging closer to a Buyers' Market.
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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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