This Market Report is for the Whittier, California neighborhood known as Mar Vista Heights. Here is information about Mar Vista Heights homes for sale, as well as homes that have sold in Mar Vista Heights.
The Mar Vista Heights Whittier neighborhood consists of the area north of Mar Vista Street, east of College Avenue and west of Catalina Avenue. The area is renowned for its beautiful homes and great views.
This Market Report on Mar Vista Heights Homes for Sale will focus on Single Family Residences in this Whittier, California neighborhood.
As of today, there are 7 Single Family Residences for sale in the Mar Vista Heights area. The asking prices range from a low of $549,000 to a high of $860,000, with an average of $688,700.
Two homes are currently in escrow.
The last home sold in Mar Vista Heights was on March 31.
Five homes sold between January 1 and March 31, 2009, with an average asking price of $576,000.
Since there have been very few home sales in the Mar Vista Heights area recently, one way to get a better sense of the local market is to look at the entire City of Whittier.
Below are some numbers about the City of Whittier home sales.
As of today, there are 285 Single Family Residences for sale in the City of Whittier.
329 homes are currently in escrow.
316 homes sold in the past three months.
109 homes sold during the month of June.
The average home in the City of Whittier sold in June took 71 days to sell.
The average home sale price was $333,956, or an average cost per square foot of $236.01.
It would take 2.6 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 very strong Sellers’ Market. Whittier homes for sale that are priced above $500,000 are more plentiful; and the higher the price, the more advantageous it is for the buyer being able to have more leverage and less competition from other buyers. See my blog on Friendly Hills homes for sale to learn about the Buyers’ Market in Friendly Hills.
If you own a home in Whittier, it is a very good time to sell. Demand is high, and there are lots of buyers looking for their first home.
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About the author: The above Market Report about Mar Vista Heights, in Whittier, California was provided by Rob Willis, a Whittier Realtor®.
For Whittier real estate, see this website.
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 and Santa Fe Springs.
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