Eastvale CA - June 2015 Sold Market Report

Eastvale CA - June 2015 Sold Market Report

How is the market? Is this the time to sell or should I wait? Is this the time to buy or should I wait till the market slows down a bit? These are just a few of questions that I encounter on a daily basis.

I want to say that Eastvale CA housing market is doing fine. Actually, it is doing quite well. Prices are steadily increasing, inventory is also on the climb and most importantly days on the market is decreasing.  For the month of June the median days on the market was  60 days. The number of homes Sold in the price range of $400k-$500k has increased from last year. Home prices below $400k was down due to limit inventory. 

Then, I am asked " What do you think my house is worth?"

Well, it depends. I am not trying to give them a generic answer, but it really depends on the location of their house, the upgrades, the condition and most importantly the desirability of their home to prospective buyers.  A home is only worth what a buyer is willing to pay for...

However when we put emotions aside, I am able to statistically pull out data of recent Solds in our community. Most comparables are for similar square footage, year built (within 7 years) and proximity to the property (stay within 1 mile). The market is so hot, that I only pull comps on homes that Sold within the last 3 months.

For the month of June, a total of 56 houses were Sold with an average price of $505k with 65 days on the market.

Most houses, 30 of them, were Sold within the price range of $400k-$500k and it took 60 days to sell.  This price range is the most popular and desirable for buyers within our Eastvale community. If your home is listed within this price range, it would most likely take you 60 days sell it, but it would also bring in the largest number of potential buyers to view your property. 

The average size of houses in Eastvale is about 3300sqft to 3500sqft. For these houses it took 68 days to sell at an average sold price of $533k. 

Using these stats, one can make an assumption of what your Eastvale house is worth. 

For homes with 2700sqft  - your listed price should be in the range of $450k to $500k. It would take an average of 60 days to sell and it would attract the most number of buyers.

For homes with 3500sqft -  your listed price should be in the range of $540k to $560k. It would take an average of 68 days to sell and it would also attract a large number of buyers.

Now remember, these comps are only estimates, as comps vary, depending on neighbohoods, location and amenities. To really find out what your Eastvale CA house is worth, give the Eastvale Team a call at 951-707-9919 and we will provide you a no obligation comp, analysis and a marketing plan on how to sell your home for the most money and in the shortest amount of time. 

Eastvale CA - June 2015 Sold Market Report