PV HOUSING MARKET UPDATE (July 25, 2010)
Apparently the summer recess is in: the market inventory swelled to 269 while the in-escrow dropped below 100 to 96. This is the same level as the worst market condition last year. If sales are really winding down, new listings must stop. As usual when sales decrease, the market price went up. But this is a more statistical factor; large changes in sales usually happen in low end price ranges.
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Rockyfield Newsletter
(As of 11:30, July 25, 2010)
| PRICE RANGE |
ACTIVE |
IN ESCROW |
E/A RATIO |
| |
-- |
$899,900 |
31 |
24 |
77% |
| $900,000 |
-- |
$999,900 |
24 |
10 |
42% |
| $1,000,000 |
-- |
$1,249,900 |
31 |
17 |
55% |
| $1,250,000 |
-- |
$1,499,900 |
36 |
14 |
39% |
| $1,500,000 |
-- |
$1,999,900 |
53 |
17 |
32% |
| $2,000,000 |
-- |
$2,999,900 |
36 |
8 |
22% |
| $3,000,000 |
-- |
|
58 |
6 |
10% |
| TOTAL |
269 |
96 |
↓ 36% |
| MEDIAN PRICE (,000) |
$1599 |
$1213 |
|
| (Source:
MLS) |
By area please click here Market E A Ratio Analysis By Area
Townhomes and Condominiums
The townhome market is still OK. The condo market is up a little. (E/A Ratio:townhomes- 55%; condos- 42%) |
