Sales are up – 38 Sales – Up 8 over April and almost at 2007 levels. Client Short Page
Only 5 were distressed properties (2 short and 3 foreclosed) Client Short Page
Most active price range is less than a million – 20 sales. Almost all of them are in the hills. They’ve been on the market for an average of 150 days and had a 12% discount off the original price. Avg price per sqft was $656. Client Short Page
More homes selling in the $1m to $2m range – 12 sales. The Initial pricing of sold homes more on target with only 8% discount off the original price. Avg price per sqft is $725. They were on the market an average of 100 days. Client Short Page
Slow market for homes over $2m – Only 6 of 180 homes sold – One was for $8m
Steady eddy for amount of homes on the market – 363 Click Here
Foreclosure remain at year highs – 9 Click Here
That’s the best answer so far!