SCV Market Update....

Number of Closed Sales in SCV 

Aug. 2007—Sept. 2007:     304 

Number of Closed Sales in SCV 

Aug. 2008—Sept. 2008:     343 

Bottom Line: The number of sales is increasing when compared to last year, or even the last eight months of 2008. 

Average List Price 

Aug. 2007—Sept. 2007: $564,560   -or-   $311.85 per square foot 

Average List Price 

Aug. 2008—Sept. 2008: $429,849    -or-  $233.65 per square foot 

Bottom Line: The average list price has fallen $134,711, or 24 percent.