SCV Real Estate Market Update

By
Real Estate Agent with RE/MAX Olson

 


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. 



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