Market Report on Homes for Sale in Whittier, CA – May 9, 2012

By
Real Estate Agent with Berkshire Hathaway Home Services California Properties BRE# 01788371

This Market Report is for Whittier, California.

This Market Report on Whittier Homes for Sale will focus on Single Family Residences
in Whittier, California
. It does not include condominiums or Multifamily Residences.

As of today, there are exactly 314 homes for sale in the Whittier area, and 272 of them
are Single Family Residences.  The current inventory is the lowest since April 2010.

Whittier Homes for Sale

Whittier Home Prices

113 homes were sold in the City of Whittier during the month of April.
Over the past three months, 343 single family homes were sold in Whittier.

Whittier Homes Sold Days on Market

 

The average Whittier home sale price in April was $323,938, atn average cost per square foot of $227.80.

401 Whittier homes are currently in Backup or Pending status, indicating that the next couple of months will see a higher number of closed sales than in the previous 2 months.

Homes are taking an average of 107 days to sell in this market.

It would take 2.4 months, at the current rate of sales, for all the current Whittier homes
on the market to sell. Technically a Sellers’ Market is when there is less than 5 months
of supply. At 2.4 months absorption rate, Whittier is clearly in a Strong Sellers’ Market, according to a pure statistical analysis. However, despite these technical statistics, today’s low prices, and the historically low interest rates put home buyers into a very good position, and from that perspective, we could call it a Buyers’ Market.

In other words, home affordability is very high right now for anyone looking to buy a home. Nonetheless, with the inventory of  homes for sale in Whittier being so extremely low, home buyers should expect strong competition from other buyers who may be interested in buying the same house they fall in love with.  But, when buyers find the right home, it is much more affordable today than it has been since 2002.

________________________________________________________________

Thank you for reading the above Market Report on Whittier Homes for Sale.

If you like my blog, make sure you subscribe to my RSS feed to get the latest Whittier real estate news.

For Home Buyers, see this website to start searching for your home.

Thinking about selling your home? Go to The Home Sale Site.

I help home owners in the following towns in the greater Whittier area: La Habra, La Habra Heights, La Mirada, Norwalk, Santa Fe Springs, Covina and West Covina.

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Topic:
Real Estate Market Trends
Location:
California Los Angeles County Whittier
Groups:
Market Reports
Local Expert
Tags:
whittier market report
whittier real estate
whittier homes for sale

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Rob Willis

Whittier Realtor® Sells Homes in Southern Cal
Thinking of selling your Whittier home?
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Additional Information

Rob Willis, of Berkshire Hathaway HomeServices California Properties in Whittier, is a real estate agent who was born in, works in and markets real estate in Whittier, California, and surrounding communities, including La Habra, La Habra Heights, La Mirada, Santa Fe Springs, Norwalk and Hacienda Heights.



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