Another positive trend since July 9th, 2008 statistics. Total inventory dropped by 11 while pending sales units remained the same!
Big change in percent pending is the starter single family homes, with a drop of 8%. My theory is that Locaton, Location, Location. SFR in desirable location, shows nicely and priced right are moving still. However, many starter homes that sit on the market for a while can have a few problems such as location (next to freeway, in flood zone), a big one), , unless priced extremely low, the buyers are shy away from them. ''
Big gain in pending sales is in the low to median price range and people who used to not being able to purchase, are looking at such option now; hence a healthy increase in pening sales for this price range.
Check with your trusted Realtor about inventory on the market and what's the best house for your needs and wants!
|
category |
Total Units/ In Escrow |
% Active |
% Pending |
% +/- since 5/28 | |||
|
All SFD's and CID's |
|
444/124 |
|
72% |
|
28% |
+1% |
|
SFD's |
|
335/81 |
|
76% |
|
24% |
+0% |
|
CID's |
|
109/43 |
|
61% |
|
39% |
+3% |
|
$0 -$500K SFD |
|
56/23 |
|
59% |
|
41% |
-8% |
|
$500,001-$600K |
|
33/9 |
|
73% |
|
27% |
-2% |
|
$600,001 - $700K |
|
61/21 |
|
66% |
|
34% |
+8% |
|
$700,001 - $800K |
|
40/9 |
|
77.5% |
|
22.5% |
+2.5% |
|
$800,001 - $999,999 |
|
52/9 |
|
83% |
|
17% |
+3% |
|
$1M - $1.25M |
|
35/6 |
|
83% |
|
17% |
-1% |
|
$1.25M - $1.5M |
|
24/2 |
|
92% |
|
8% |
-4% |
|
$1.5M+ |
|
34/2 |
|
94% |
|
6% |
-5% |
- Buyer's Market < 25%
- Neutral 25% - 40%
- Seller's Market > 40%
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