Eastvale Market Report:
|Home Size Bracket||Sq Ft||Sale Price||$/SqFt|
|Under 2500 Sq Ft||2102||$320,500||$155|
|2501 - 3000||2749||$342,400||$125|
|3001 - 3500||3258||$360,300||$111|
|3501 - 4000||3713||$389,200||$105|
|Sale Type||Sq Ft||Sale Price||$/SqFt|
All average figures are based on MLS data and were sales of the past 90 days sourced on August 25, 2012.
As expected, price-per-square foot decreases for larger homes and increases for smaller homes. Also expected is a discounting pattern for distressed homes. The discount for short-sales is larger than what would generally be expected but might be explained by increases in home prices that are already taken into account with standard sales and bank-owned properties that have shorter sales cycles.
As of September 22, 2012 there are only 62 active MLS listings in Eastvale (9 with pools). Our MLS sales during the last 30 days were 79 homes sold. We have been running at a below-one-month inventory of active listings for many weeks. A balanced real estate market is generally considered to have a 4-to-6 months supply of available homes compared to the sales rate. For Eastvale this would equate to 300-450 available homes based on our current sales rate.