This analysis is for 90402 ONLY.

 

  1. Number of properties SOLD

The number of SOLD homes was DOWN 11% for the last half of 2015 over 2014.

(50 homes sold in 2015 over 56 homes sold in 2014)

 

  1. Sales Volume

Sales volume for the last half of 2015 was up 7% over the sales volume for the same period in 2014.

($219,359,525 closed during the last half of 2015 and only $204,422,350 for the last half of 2014)

 

  1. Days of Market of Sold listings

SOLD property was on the market 28% shorter in the last half 2015 over same period in 2014.

(In 2015 DOM was 49 and in 2014 DOM was only 67)

 

  1. Median price of the SOLD listings.

The median sales price in the SFR market last half of 2015 was up 12% over the same period in 2014.

($3,597,000 over $3,215,000)

 

  1. Average price/Sq ft SOLD

The average price / SF last half of 2015 was up 16% over the same period in 2014.

($1347.32/sf over $1155.63/sf)

 

  1. Percentage of Current Pending Sales

We have 8% of the inventory under contract.

(Total active = 12. Total in escrow = 1. Therefore 1 divided by 12 (total properties))

 

  1. Average Sales Price to List Price

For the last half of 2015 the average sales price sold at 94% of the “last” list price and in the last half of 2014, the average sales price sold at 97% of the last list price.