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Joshua Tree Real Estate Market Update June 2008
(As posted from my blog at http://joshuatreeagent.wordpress.com)
Well summer is here, and it is hot and humid! Along with summer, at least the last couple of summers, comes a slow down in real estate sales for our local area. It seems like people don't like to trek around in 100 plus degree weather. But should you decide to brave the heat to go house shopping ... you could be rewarded with a great deal!
As far as the June real estate activity ... as a whole ... wow, I'm sure some are glad it is over. In Joshua Tree, there were seven homes sold last month, compared to sixteen the year before. (A decline of 56%). Of those seven homes, two were my listings, and 4 of the 7 were bank owned properties. The average selling price for June 2007 was $223,406, while this June averaged $198,357 (a decline of 11%). Please keep in mind that this is a comparison of June 2008 to June 2007.
Here is a look at June 2008 compared to May 2008:
 

Joshua Tree Real Estate Conditions for June 2008   
Joshua Tree Real Estate Conditions for May 2008
 
Some items to note, is that the number ... more

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