Housing Inventory Snapshot 8/28/2011

By
Real Estate Agent with TIM LORENZ - Elite Home Sales Team BRE# 00919781
http://actvra.in/mYQ

Housing Inventory Snapshot 8/28/2011

 

If you look closely at the data there is little difference in the Orange County and the Los Angeles County average days on the market.  Now look a Riverside County especially in homes above $700,000 it take over (on average) 287 days to sell a home.

If you have a luxury home in Riverside county it is going to take a long time to sell and there will be a lot of price reductions.

Inventor Snapshot

We hope you will find the following snapshot of local Real Estate inventory interesting. The table represents aggregated values based on MLS data for the specified date.

Housing Inventory Snapshot August 28, 2011
  Average List Price Median List Price Average Days On Market
Los Angeles County, CA
Single Family under $600K $312,249 $298,860 109
Single Family over $600K $1,130,819 $795,000 149
Condo/Townhome under $400K $213,379 $205,000 113
Condo/Townhome over $400K $624,232 $574,000 136
Orange County, CA
Single Family under $1M $551,990 $529,000 105
Single Family over $1M $3,005,505 $1,875,000 149
Condo/Townhome under $600K $298,894 $285,000 113
Condo/Townhome over $600K $1,090,335 $830,000 140
Riverside County, CA
Single Family under $700K $221,115 $189,900 154
Single Family over $700K $1,085,175 $899,999 287
Condo/Townhome under $150K $93,780 $89,999 150
Condo/Townhome over $150K $242,100 $215,000 111
San Bernardino County, CA
Single Family under $700K $233,873 $194,500 120
Single Family over $700K $1,340,247 $995,000 142
Condo/Townhome under $200K $135,126 $130,000 127
Condo/Townhome over $200K $257,195 $229,900 107
If you know someone who is considering buying or selling a home, please give us a call. We will provide professional & courteous service along with knowledgeable guidance through the process.


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Rainmaker
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Elite Home Sales Team
A Tenacious and Skilled Real Estate Team
Keller Williams Realty

Those are really interesting statistics and they really show a big difference.

September 04, 2011 02:35 AM
Rainmaker
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Tim Lorenz
949 874-2247
TIM LORENZ - Elite Home Sales Team

Mark

This may be the biggest difference I have seen.

September 04, 2011 10:01 AM
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Rainmaker
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Tim Lorenz

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