Eastvale CA - Quarterly Market Report of Homes Sold

Eastvale CA - Quarterly Market Report of Homes Sold

Homes Sold for May, June and July 2014

Data pulled from CRMLS 8/20/14

 In order to determine where the market of Eastvale CA is heading, one must understand and study past data to predict where it is heading.

For the months of May, June and July we saw stats that indicated a rise in some areas and a drop in others.

For the number of total homes sold for the last quarter we saw a rise from 60 homes in May to 67 in June and then it dropped to 64 for the month of July. This shows that the number of buyers is pretty constant.

The total days on the market is how long it took to sell the property counting from the day it was first listed for sale. We saw a rise from 63 days in May, to 68 days in June and finally it increased to 83 days in July. This is a strong indication that buyers are willing to wait for the home that is priced correctly and that they do have more choices. Might the market be swinging toward a buyer's market? I don't think so, but it definitely is moving away from seller's market.

The average sold homes were found mostly in the price range between $400k to $500k.

36 homes sold in May averaging $461,086

37 homes sold in June averaging $459,221

and

32 homes sold in July averaging $459,143

This is a strong indication that home prices has leveled off. Buyers are either stronger negotiators or sellers are more willing to sell their homes at a lower price. We all know that the longer a home stays on the market, there is a greater tendency for sellers to lower the asking price or for buyers to offer a reduction in the asking price. So if you don't want your home to stay on the market for too long, make sure you talk with a realtor who will market your home correctly. The goal is to sell it in the first two weeks.

Most buyers either have the purchasing power within the range of $400k to $500k or they just prefer home sizes close to 2500sqft. Homes in this price range took 71 days to sell in May and it dropped to 67 days in June and finally 55 days in July. That's a strong indication this is what buyers are looking to buy. If you have a home close to 2500sqft and are thinking of listing it in the range of $400k - $500k, then your home is in great demand and you should contact the Eastvale Team realty for a comparable analysis.

Data pulled from CRMLS 8/20/2014

Overall home prices of all the homes that sold in the past 3 months increased from May to June and then it dropped for the month of July. Inventory is increasing so be aware buyers are more selective and they do have more choices. It is important to price your home correctly and I would suggest that you stage your home. Buyers usually make up their minds in the first few minutes of seeing a home. Curb appeal is very important. Staging your home is essential. Staging can be a complete overhaul or merely just by decluttering your personal belongings to just painting your front door.

Looking to sell your Eastvale home - contact the Eastvale Team. They will give you the facts, not the typical emotional rhetoric.

Eastvale CA - Quarterly Market Report of Homes Sold