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Market Report on Homes for Sale in Whittier, CA – December 7, 2009

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

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.

Whittier Home Sales

As of today, there are 236 Single Family Residences for sale in the Whittier area.

Whittier Home Prices

96 homes were sold during the month of November.  Over the past three months, 315 homes were sold.

Whittier Home Sales Days On Market

The average home sale price over the past month was $357,309, at an average cost per square foot of $233.54.

296 homes are currently in escrow, which is significant because more homes are in escrow right now than are for sale.

It would take 2.5 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

So, this Sellers' Market actually applies to all homes for sale in Whittier, CA that are priced under $500,000.  Whittier homes for sale that are priced above $500,000 are taking longer to sell.  The higher the price, the more advantageous it is for the buyer being able to have more leverage and less competition from other buyers.

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Thank you for reading the above Market Report of Home Sales for Whittier, California.  If you like my blog, make sure you subscribe to my RSS feed to get the latest Whittier real estate news.

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, Santa Fe Springs, Covina and West Covina.