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Market Report on Homes for Sale in Whittier, CA – April 10, 2012

By
Real Estate Agent with Berkshire Hathaway HomeServices California Properties DRE# 01788371

Market Report on Homes for Sale in Whittier, CA – April 10, 2012

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 exactly 353 homes for sale in the Whittier area, and 314 of them
are Single Family Residences. 
 

Whittier Home Prices

133 homes were sold in the City of Whittier during the month of March.
Over the past three months, 315 homes were sold in Whittier.

Whittier Home Prices

 

The average Whittier home sale price in March was $360,236, at an average cost per square foot of $220.19.

356 Whittier homes are currently in Backup or Pending status, indicating that the next couple of months will see a higher number of closed sales than in the previous 2 months.

Whittier Homes Sold Days on Market

Homes are taking an average of 95 days to sell in this market.

It would take 2.4 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. At 2.4 months absorption rate, Whittier is clearly in a Strong Sellers’ Market, according to a pure statistical analysis. However, despite these technical statistics, today’s low prices, and the historically low interest rates put home buyers into a very good position, and from that perspective, we could call it a Buyers’ Market.

In other words, home affordability is very high right now for anyone looking to buy a home. Nonetheless, an inventory of only 314 homes in Whittier for sale is extremely low; and home buyers should expect strong competition from other buyers who may be interested in buying the same house they fall in love with.  But, when buyers find the right home, it is much more affordable today than it has been since 2002.

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Thank you for reading the above Market Report on Whittier Homes for Sale.

If you like my blog, make sure you subscribe to my RSS feed to get the latest Whittier real estate news.

For Home Buyers, see this website to start searching for your home.

Thinking about selling your home? Go to The Home Sale Site.

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.

Comments (4)

Ronald DiLalla
Century 21 Discovery DRE 01813824 - Anaheim, CA
No. Orange Cty Real Estate

Hi Bob,  always enjoy viewing stats and graphs on other Communities...Thanks for sharing with us.

Apr 10, 2012 05:58 AM
Bob Willis
Berkshire Hathaway HomeServices California Properties - Orange, CA
Orange County & L.A. County Real Estate Agent

Hi Ronald, thanks for stopping by.

Apr 10, 2012 06:15 AM
James A. Browning
Browning Real Estate School/REO Institute - International, IT
MRE REOCertified(R) SSCertified

Thank you for sharing your blog; we need Real estate Professionals to share their comments and information regarding their markets and experiences. Thanks again from beautiful Colorado; Spring is here in the Rocky Mountains

Apr 11, 2012 01:01 AM
Bob Willis
Berkshire Hathaway HomeServices California Properties - Orange, CA
Orange County & L.A. County Real Estate Agent

James, I hope you are enjoying Spring in the Rockies!

Apr 11, 2012 04:58 AM