Zip Codes: 92646, 92647, 92648, 92649
People and clients alike keep asking me what’s going on with the market? Is it a good time to buy? Of course all this depends on their situation, but yes, this could be a great time to buy. Interest rates are at historic lows, and home prices have come down to what many people feel are more affordable. Let’s check the facts directly off the MLS.
There were 321 SFR and 201 condo active listings as of November 30, 2011. There were 102 closed sales for both SFR and Condos in November with an average 101 days on the market. How does this compare the same time last year? There were 116 closed sales for SFR and Condos in November with an average of 92 days on the market. 35 properties that sold in November were a result of a distressed state, (NOD, Foreclosure, SS, REO.) Again, I feel the uncertainty of the economy and continued unemployment situation is having an impact on what could be a robust and healthy turn around in the housing market. The issues in Europe are something to keep our eye as well as it may have an affect on our economy as well.
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Active - 321 Properties Found |
||||||||||
|
|
Bedrooms |
Baths |
Square Feet |
List Price |
LP/SqFt |
Sale Price |
SP/SqFt |
SP/LP |
SP/OLP |
DOM |
|
Min |
2 |
1 |
588 |
$249,000 |
$188.73 |
$0 |
$0.00 |
0.00% |
0.00% |
1 |
|
Avg |
3.7 |
3.00 |
2345 |
$982,875 |
$398.52 |
$0 |
$0.00 |
0.00% |
0.00% |
115 |
|
Max |
6 |
6 |
6429 |
$5,900,000 |
$1,311.11 |
$0 |
$0.00 |
0.00% |
0.00% |
884 |
|
Active - 201 Properties Found |
||||||||||
|
|
Bedrooms |
Baths |
Square Feet |
List Price |
LP/SqFt |
Sale Price |
SP/SqFt |
SP/LP |
SP/OLP |
DOM |
|
Min |
0 |
1 |
0 |
$89,000 |
$0.00 |
$0 |
$0.00 |
0.00% |
0.00% |
0 |
|
Avg |
2.1 |
2.00 |
1259 |
$399,023 |
$307.22 |
$0 |
$0.00 |
0.00% |
0.00% |
97 |
|
Max |
5 |
6 |
4142 |
$1,850,000 |
$955.58 |
$0 |
$0.00 |
0.00% |
0.00% |
472 |
|
Closed Sale - 102 Properties Found |
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|
|
Bedrooms |
Baths |
Square Feet |
List Price |
LP/SqFt |
Sale Price |
SP/SqFt |
SP/LP |
SP/OLP |
DOM |
|
Min |
1 |
1 |
478 |
$89,000 |
$105.58 |
$90,000 |
$106.76 |
83.00% |
63.00% |
0 |
|
Avg |
3.1 |
2.50 |
1803 |
$612,036 |
$335.35 |
$592,590 |
$326.20 |
97.00% |
101.00% |
101 |
|
Max |
5 |
5 |
4400 |
$2,295,000 |
$655.71 |
$2,150,000 |
$696.78 |
132.00% |
963.00% |
413 |
Thank you,
Alan Adamo NAR, CAR, OCAR
Westline Real Estate - REALTOR®
westlinerealestate.com
714-726-5429
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