Market Conditions: Hemet / San Jacinto, CA Date 8/18/2010
|
Square Footage |
0-3 Months |
4-6 Months |
Difference |
|
2800-3000 |
$167,750 |
$168,250 |
$-500 |
|
2600-2800 |
$169,900 |
$165,000 |
$4900 |
|
difference |
$-2150 |
$3250 |
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|
2400-2600 |
$165,000 |
$165,500 |
$-500 |
|
difference |
$4900 |
$-500 |
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|
2200-2400 |
$152,500 |
$159,900 |
$-7400 |
|
difference |
$12,500 |
$5600 |
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|
2000-2200 |
$150,000 |
$149,900 |
$100 |
|
Difference |
$2500 |
$10,000 |
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|
1800-2000 |
$145,000 |
$142,500 |
$2500 |
|
Difference |
$5000 |
$7400 |
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|
1600-1800 |
$133,000 |
$130,000 |
$3000 |
|
Difference |
$12,000 |
$12,500 |
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|
1400-1600 |
$120,000 |
$117,000 |
$3000 |
|
difference |
$13,000 |
$13,000 |
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|
1200-1400 |
$105,500 |
$105,250 |
$250 |
|
difference |
$14,500 |
$11,750 |
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|
Difference TOTAL |
$62,250 |
$63,000 |
$5350 |
|
Divide by 8 |
$7781 |
$7875 |
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|
Divide by 9 |
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$594 |
|
Divide by 200 sq' |
= $ per Sq' $39 |
= $ per Sq' $39 |
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|
Divide by 90 days |
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= $ per day $6.60 |
Data used is median sales prices in the area - for either current to 3-months or 4-6 months; by house square footage ranges. In the gray boxes in the difference between the 2 median prices per the adjacent ranges. Here we see the difference in price per square foot (on average) is $39 and the amount of price increases per day (on average) is $6.60. Below we see most of the current listings are short sales, but most of the sales are the REOs. The percentage of short sales has doubled over last year, and now there are three times the number of standard sales. Standard sales pull the highest prices, and the short sales take the longest time to sell. We see homes are selling a little faster now and prices on average have moved up.
|
|
Total Number |
% Standard |
% REO |
% Short Sales |
|
Active Listings |
780 |
16% |
22.5% |
45.5% |
|
Pending Sales |
485 |
10.5% |
34% |
45% |
|
Closed Sales |
221 |
17% |
47.5% |
25% |
|
SOLD 1-year ago |
325 |
5% |
79% |
12% |
|
|
Standard sq' |
REO per sq' |
Short per sq' |
Standard DOM |
REO DOM |
Short DOM |
|
2009 |
$78 |
$62 |
$67 |
68 |
41 |
136 |
|
2010 |
$82 |
$68 |
$66 |
50 |
36 |
127 |
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