SCV Real Estate Update
Average price, this time, 2007: $561,041
Current average sale price: $444,079
Bottom line: The average sales price is down approximately 21 percent from last year.
Average days on market of sold homes, this time, 2007: 70
Current average days on market: 74
Bottom line: Homes that have sold this year have been on the market 4 days longer, or are selling 6 percent slower this year.
Total closed sales, this time, 2007: 2,477
Year to date, 2008: 2,291
Bottom line: There have been 186 fewer sales this year, or 8 percent fewer sales.
Important note: Since last month’s sales stats, The average sale price in the SCV has gone up by $37,581 - a 9 percent increase!
Joshua “Dr.” Suess is owner of The Focused On Your Family Team with Re/Max of Valencia 661-702-4640 www.NoHassleNoRisk.com.