This analysis is for 90402 ONLY.
- 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)
- 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)
- 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)
- 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)
- 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)
- 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))
- 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.