The other day I posted a blog and a graph about what is happening with inventory in Fullerton. Fullerton Real Estate - Supply and Demad - The Facts. The fact is; it has decreased. Someone asked a great question in response and it was, "What are the home prices doing in Fullerton?" Great question, here is the answer, in graph form. (Funny, I think I might be becoming a graph person after all.)
Fullerton Home Prices Per Square Foot (All Homes Sold)
I don't have the option to list the actually prices in my software (source is the So. Cal. MLS) but you can see that the per square foot price has started to increase in Fullerton. This is for all price points.
After pulling these stats, I was curious to see what the inventory was like in the super hot price point of below $500,000 in the city of Fullerton.
The numers are shocking!
This graph (source So. Cal. MLS) indicates the inventory in Fullerton for homes less than $500,000. This is what is hot right now and you can see that there is practically no inventory and that the pending escrows almost equal what was was for sale! Wow!
And the price range for these? Here is the per sq. ft. for this price range.
Prices have started inching up. April was really a turning point in the area. People really started looking in the early part of the year and this is when the demand started to increase.
If you would liketo see the numbers for something more specific, let me know. I am kind of getting into these graphs!
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Cristal Drake – Fullerton Realtor (R)...At Your Service for all your Fullerton area real estate needs! Prudential California Realty - 714-423-7525. DRE#: 01272061. All information in my blogs is believed to be accurate but is not guaranteed. Copyright 2009 all rights reserved.
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