This is a September 2011 market report for the French Valley area of Winchester California.
The past 5 months have been slower in volume than last year by almost 10%. Previous months sales were 84 compared with 92 during the same time period in 2010. There seems to be some significant amount of inventory not being released by banks with REO properties.
As for Average Price and Days on Market: The average price in French Valley has remained pretty flat over the last 24 months with the actual figure for last month coming in at $241,000. The Days on Market continues to dance around quite a bit. I believe it’s just a matter of how many short sales actually closed in a given month that causes it to swing up so dramatically.
Finally, here is a look at the different types of sales in French Valley over the last 30 days.
For more information on the different types of sales in our local market see our article:
What you should know about REO vs Standard vs Short Sale
For more about French Valley Click Here for French Valley Articles on our site
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