Fountain Valley Market Report January

By
Real Estate Agent with Westline Real Estate BRE# 01379108
https://activerain.com/droplet/s8X

Fountain Valley Market Report January

Zip Code: 92708

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 their lowest in years, and prices have come down to more affordable levels. Let’s check the facts directly off the MLS.

There were 87 SFR and 16 condo active listings as of January 30, 2012. There were 20 closed sales for both SFR and Condos in January with an average 122 days on the market. Last year at this time, there were 27 closed sales with an average of 96 days on the market. It appears that homes are taking longer to sell, which may be the result of many factors. I believe that uncertainty in the economy and employment on shaky footing may be causing reluctance in purchasing.

 

Active - 71 Properties Found

 

Bedrooms

Baths

Square Feet

List Price

LP/SqFt

Sale Price

SP/SqFt

SP/LP

SP/OLP

DOM

Min

2

1

967

$228,000

$163.04

$0

$0.00

0.00%

0.00%

3

Avg

3.8

2.75

2057

$597,003

$292.53

$0

$0.00

0.00%

0.00%

98

Max

6

5

3851

$1,295,000

$392.30

$0

$0.00

0.00%

0.00%

827

 

Active - 16 Properties Found

 

Bedrooms

Baths

Square Feet

List Price

LP/SqFt

Sale Price

SP/SqFt

SP/LP

SP/OLP

DOM

Min

1

1

724

$139,997

$151.42

$0

$0.00

0.00%

0.00%

4

Avg

2.4

2.25

1245

$238,374

$189.97

$0

$0.00

0.00%

0.00%

91

Max

4

3

1957

$434,000

$252.16

$0

$0.00

0.00%

0.00%

390

 

Closed Sale - 20 Properties Found

 

Bedrooms

Baths

Square Feet

List Price

LP/SqFt

Sale Price

SP/SqFt

SP/LP

SP/OLP

DOM

Min

2

1

0

$200,000

$0.00

$208,500

$0.00

91.00%

78.00%

0

Avg

3.6

2.50

1734

$467,575

$252.51

$459,720

$247.16

98.00%

94.00%

122

Max

5

4

3356

$750,000

$383.99

$750,000

$379.90

111.00%

111.00%

518

 

Thank you,

 

Alan Adamo

714-726-5429 

 

Posted by

Alan Anthony  NAR, CAR, OCAR
Westline Real Estate - REALTOR®
CA BRE# 01379108
www.westlinerealestate.com
714-726-5429 Cell

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