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... ABOUT THE MARKET
91910
NORTH CHULA VISTA
T
this northwest sector of Chula Vista has seen nice annual appreciation, 8% up in detached housing, 10% up in attached, and boasted 163 sales last quarter. The average condo unit is worth roughly $310,000, and detached home $515,000. Properties go to contract in about 2 weeks, with insufficient inventory, at 1 to 1.5 months. People are attracted to the advantages of this area: 1) Freeway close and 2) No Mello Roos.
ATTACHED SALES
DETACHED SALES
1st Q-2016
% Change
4th Q - 2015
% Change
1st Q - 2015
Average Sales Price
$308,062
Up 2%
$300,913
Up 10%
$280,725
$269
Average Price Per Sq Ft
$253
Up 5%
$240
Up 3%
$245
Up 8%
$460,000
Median Sales Price
$330,000
Up 11%
$297,250
Up 8%
$305,000
62
Down 4%
50
Listing Inventory (Active)
18
Up 38%
13
Up 38%
13
Up 46%
90
Up 14%
115
Number of Sales
32
Down 20%
40
Up 3%
31
16
Down 11%
18
Down 11%
18
Median Days on Market
15
No change
15
Up 50%
10
1 month
Down 50%
2 months
Down 33%
1.5 months
Absorption Rate (month to sell inventory)
1.5 months
Up 50%
1 month
Up 50%
1 month
1st Q-2016
% Change
4th Q - 2015
% Change
1st Q - 2015
Average Sales Price
$516,024
Up 8%
$479,438
Up 8%
$480,250.00
Average Price Per Sq Ft
$296
Up 4%
$285
Up 10%
Median Sales Price
$499,000
Up 13%
$443,000
Listing Inventory (Active)
48
Down 23%
Number of Sales
131
Median Days on Market Absorption Rate (month to sell inventory)
TEMECULA
PAUMA VALLEY
AVERAGE SALES PRICE
FALLBROOK
NUMBER OF SALES
MT. PALOMAR OBSERVATORY
VALLEY CENTER
$600,000
Mission San Luis Rey
VISTA SAN MARCOS
Legoland California
350
SAN DIEGO NORTH INLAND
BORREGO SPRINGS
$350,000
ESCONDIDO
225
San Diego Zoo Safari Park
JULIAN
$100,000
100
RANCHO BERNARDO
RAMONA
06
07
08
09
10
11
12
13
14
15
16
PAST 10 YEARS
S
91911
SOUTHWEST CHULA VISTA
outhwest Chula Vista, running from L St, south to Main and between the two freeways (5 and 805), continues to have the most affordable homes in Chula Vista, with the average detached housing at $445,000 (the lowest in Chula Vista) and attached at $294,000. Detached appreciated 8% year-over-year, and attached a handsome 14%. Properties go to contract in about 2 weeks. Condos in this area are one third of the 91911 market, providing lots of living space for the lowest price per sqft in Chula Vista, at only $239/sqft
ATTACHED SALES
DETACHED SALES 1st Q-2016
% Change
4th Q - 2015
% Change
1st Q - 2015
1st Q-2016
% Change
4th Q - 2015
% Change
1st Q - 2015
Average Sales Price
$445,296
Up 3%
$429,772
Up 8%
$411,932
Average Sales Price
$294,433
No change
$294,503
Up 14%
$257,000
Average Price Per Sq Ft
$293
Up 3%
$285
Up 7%
$273
Average Price Per Sq Ft
$239
Up 4%
$229
Up 9%
$219
Median Sales Price
$435,000
Up 5%
$415,000
Up 6%
$410,000
Median Sales Price
$284,000
Up 1%
$280,000
Up 27%
$257,000
Listing Inventory (Active)
50
Up 8%
46
Up 6%
47
Listing Inventory (Active)
11
Down 35%
17
Down 50%
18
Number of Sales
131
Up 54%
85
Up 28%
102
Number of Sales
58
Up 52%
38
Up 49%
39
Median Days on Market
14
Down 39%
23
Down 22%
18
Median Days on Market
18
No change
18
Up 50%
12
Absorption Rate (month to sell inventory)
1 month
Down 33%
1.5 months
Down 33%
1.5 months
Absorption Rate (month to sell inventory)
.5 month
Up 67%
1.5 months
Down 67%
1.5 months
AVERAGE SALES PRICE
NUMBER OF SALES
$500,000
300
$300,000
200
$100,000
100 06
07
08
09
10
11
12
PAST 10 YEARS MCMILLINREALTY.COM
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1.800.599.8715
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14
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BERNARDO
RAMONA
... ABOUT THE MARKET
91902
BONITA
S
mall, exclusive,and rural just northeast of Chula Vista, detached housing average sale price of $692,000 is up a significant 12% over last year, and is the second-highest priced area in South County. Detached homes have 3 months of inventory, attached only 1 month. Condos in Bonita are hard to come by, with only 2 active listings and selling about 2 condos each month. Condo average prices this quarter are deceiving because 6 of the 7 closed units were one or two bedroom units. The four bedroom condo that closed, sold for $385,000
ATTACHED SALES
DETACHED SALES
TEMECULA
1st Q-2016
% Change
4th Q - 2015
% Change
1st Q - 2015
Average Sales Price
$250,964
Down 10%
$279,285
Down 8%
$273,650
$264
Average Price Per Sq Ft
$242
Down 4%
$253
Up 7%
$226
Up 5%
$590,000
Median Sales Price
$238,000
Down 16%
$300,000
Down 10%
$277,500
49
Down 2%
48
Listing Inventory (Active)
2
Down 33%
3
Down 33%
3
Up 19%
36
Up 5%
41
Number of Sales
7
No change
7
Up 17%
6
29
Down 26%
39
Up 7%
27
Median Days on Market
8
Down 78%
36
Down 65%
23
3 months
Down 25%
4 months
Down 14%
3.5 months
Absorption Rate (month to sell inventory)
1 month
No change
1 month
Down 33%
1.5 months
1st Q-2016
% Change
4th Q - 2015
% Change
1st Q - 2015
Average Sales Price
$692,088
Up 11%
$624,690
Up 12%
$616,041
Average Price Per Sq Ft
$286
Up 6%
$269
Up 8%
Median Sales Price
$620,000
Up 20%
$608,500
Listing Inventory (Active)
47
Down 4%
Number of Sales
43
Median Days on Market Absorption Rate (month to sell inventory) PAUMA VALLEY
AVERAGE SALES PRICE
FALLBROOK
NUMBER OF SALES
MT. PALOMAR OBSERVATORY
VALLEY CENTER
$800,000
Mission San Luis Rey
VISTA SAN MARCOS
Legoland California
120
SAN DIEGO NORTH INLAND
BORREGO SPRINGS
$500,000
ESCONDIDO
80
San Diego Zoo Safari Park
JULIAN
$200,000
20
RANCHO BERNARDO
RAMONA
06
07
08
09
10
11
12
13
14
15
16
PAST 10 YEARS
W
92154
SOUTH SAN DIEGO
ithin the City of San Diego, south of Chula Vista, running between I-5 and I-805, South San Diego single family homes have an average sale price of $434,000, up 4% year-over-year, with houses going to contract in roughly 2 weeks. Attached housing is averaging $283,000, up a healthy 9% annually. With only 1 month of inventory on the market, buyers have to act fast. Freeways 5, 805 and 905 make for quick commutes. And for those crossing to Mexico, the drive is only 5-10 minutes to the border.
ATTACHED SALES
DETACHED SALES 1st Q-2016
% Change
4th Q - 2015
% Change
1st Q - 2015
1st Q-2016
% Change
4th Q - 2015
% Change
1st Q - 2015
Average Sales Price
$434,636
Down 3%
$446,537
Up 4%
$418,753
Average Sales Price
$283,217
Up 3%
$276,480
Up 9%
$259,864
Average Price Per Sq Ft
$271
Up 3%
$263
Up 13%
$239
Average Price Per Sq Ft
$235
Up 8%
$218
Up 14%
$207
Median Sales Price
$425,000
Down 3%
$436,250
Up 3%
$414,000
Median Sales Price
$297,249
Up 3%
$288,500
Up 11%
$267,599
Listing Inventory (Active)
39
Up 5%
37
Up 15%
34
Listing Inventory (Active)
15
Down 21%
19
Up 15%
13
Number of Sales
100
Up 85%
54
Up 10%
91
Number of Sales
36
Up 20%
30
Up 6%
34
Median Days on Market
14
Down 26%
19
Down 26%
19
Median Days on Market
19
Up 6%
18
Up 111%
9
Absorption Rate (month to sell inventory)
1 month
Down 50%
2 months
No change
1 month
Absorption Rate (month to sell inventory)
1 month
Down 50%
2 months
No change
1 month
AVERAGE SALES PRICE
NUMBER OF SALES
$600,000
400
$375,000
250
$150,000
150 06
07
08
09
10
11
12
PAST 10 YEARS MCMILLINREALTY.COM
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... ABOUT THE MARKET
92101
DOWNTOWN SAN DIEGO
D
owntown San Diego is truly a story of the condominium market, with roughly 200 condos closing in 2nd quarter, and only two single family homes closing. The average condo sale price is now $612,000, up 1% over a year ago. Homeowners are happy that condos now go to contract in a short 3 weeks and inventory levels are under 3 months now. Be ready to pay urban prices, with the aver price/sqft at $537, a modest 1000 sqft condo runs well over $500,000. Typically, just over 200 condos are on the market at any one time in the 92101 zip code.
ATTACHED SALES
DETACHED SALES
TEMECULA
1st Q-2016
% Change
4th Q - 2015
% Change
1st Q - 2015
Average Sales Price
$612,043
Up 6%
$575,406
Up 1%
$603,387
$262
Average Price Per Sq Ft
$537
Up 2%
$524
Up 3%
$523
Up 62%
$650,000
Median Sales Price
$505,750
Up 15%
$440,000
Up 5%
$482,500
1
Up 25%
4
Listing Inventory (Active)
212
Up 4%
203
Down 9%
233
NA
0
Up 100%
1
Number of Sales
276
Up 43%
193
No change
274
8
NA
NA
Down 76%
33
Median Days on Market
21
Down 18%
27
Down 22%
27
1 month
NA
NA
Down 92%
12 months
Absorption Rate (month to sell inventory)
2.5 months
Down 17%
3 months
No change
2.5 months
1st Q-2016
% Change
4th Q - 2015
% Change
1st Q - 2015
Average Sales Price
$1,055,000
NA
NA
Up 62%
$650,000
Average Price Per Sq Ft
$593
NA
NA
Up 126%
Median Sales Price
$1,055,000
NA
NA
Listing Inventory (Active)
5
Up 400%
Number of Sales
2
Median Days on Market Absorption Rate (month to sell inventory) PAUMA VALLEY
AVERAGE SALES PRICE
FALLBROOK
NUMBER OF SALES
MT. PALOMAR OBSERVATORY
VALLEY CENTER
$800,000
Mission San Luis Rey
VISTA SAN MARCOS
Legoland California
800
SAN DIEGO NORTH INLAND
BORREGO SPRINGS
$500,000
ESCONDIDO
550
San Diego Zoo Safari Park
JULIAN
$200,000
300
RANCHO BERNARDO
RAMONA
06
07
08
09
10
11
12
13
14
15
16
PAST 10 YEARS
T
91932
IMPERIAL BEACH
his oceanfront community, undergoing major downtown improvements, is a continuing success story. Detached appreciation is at 7% over 2015, with the average sale price slightly lower than last quarter, at roughly $450,000. The big story is condos! Up a whopping 68% over 2015, condo sale prices are now averaging $432,000, the highest in all of South County. 21 condos are on the market. A studio condo on Donax closed at $130,000 and a 3 BR oceanfront closed escrow at a mighty $1,450,000. Wow. What a variety!
ATTACHED SALES
DETACHED SALES 1st Q-2016
% Change
4th Q - 2015
% Change
1st Q - 2015
1st Q-2016
% Change
4th Q - 2015
% Change
1st Q - 2015
Average Sales Price
$447,848
Down 11%
$490,653
Up 7%
$418,753
Average Sales Price
$432,983
Down 12%
$490,531
Up 68%
$259,864
Average Price Per Sq Ft
$380
Up 6%
$359
Up 59%
$239
Average Price Per Sq Ft
$388
Down 10%
$431
Up 87%
$207
Median Sales Price
$453,500
Down 3%
$469,000
Up 9%
$414,000
Median Sales Price
$385,000
Down 30%
$550,000
Up 44%
$267,599
Listing Inventory (Active)
11
Down 15%
13
Down 7%
34
Listing Inventory (Active)
21
Down 9%
23
Up 61%
13
Number of Sales
28
Up 8%
26
Down 69%
91
Number of Sales
18
Down 40%
30
Down 47%
34
Median Days on Market
19
Up 46%
13
No change
19
Median Days on Market
25
Up 177%
9
Up 178%
9
Absorption Rate (month to sell inventory)
1 month
Down 33%
1.5 months
No change
1 month
Absorption Rate (month to sell inventory)
3.5 months
Up 40%
2.5 months
Up 250%
1 month
AVERAGE SALES PRICE
NUMBER OF SALES
$600,000
100
$400,000
70
$200,000
40 06
07
08
09
10
11
12
PAST 10 YEARS MCMILLINREALTY.COM
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BERNARDO
RAMONA
... ABOUT THE MARKET
91913
EAST CHULA VISTA
S
itting in northeast Chula Vista, east of 805, 91913 is the zip with the most properties sold this quarter, averaging 70 closings per month. Detached housing accelerated 8% in average sale price annually, to $552,000; attached housing experienced a healthy 10% increase, to $324,000. Inventory remains low with only a 1 month supply of homes on the market. Properties go to contract in 2-3 weeks. Interestingly, price-per-sq-ft for detached is the lowest in ALL of South County at $251/sq ft. Want a great area for a big family? This is your spot.
ATTACHED SALES
DETACHED SALES
TEMECULA
1st Q-2016
% Change
4th Q - 2015
% Change
1st Q - 2015
Average Sales Price
$324,101
Down 4%
$336,159
Up 10%
$294,984
$239
Average Price Per Sq Ft
$256
Up 5%
$245
Up 17%
$240
Up 5%
$506,000
Median Sales Price
$330,000
Down 1%
$335,000
Up 16%
$285,000
39
Down 12%
60
Listing Inventory (Active)
29
Up 26%
23
Down 19%
36
Up 33%
101
Up 5%
128
Number of Sales
79
Up 68%
47
Up 25%
63
14
Down 39%
23
Down 12%
16
Median Days on Market
24
Up 71%
14
Up 50%
16
1 month
No change
1 month
Down 33%
1.5 months
Absorption Rate (month to sell inventory)
1 month
Down 33%
1.5 months
Down 33%
1.5 months
1st Q-2016
% Change
4th Q - 2015
% Change
1st Q - 2015
Average Sales Price
$552,559
Up 3%
$538,380
Up 8%
$509,822
Average Price Per Sq Ft
$251
Up 1%
$249
Up 5%
Median Sales Price
$533,500
Up 3%
$520,000
Listing Inventory (Active)
53
Up 36%
Number of Sales
134
Median Days on Market Absorption Rate (month to sell inventory)
AVERAGE SALES PRICE
NUMBER OF SALES
PAUMA VALLEY
FALLBROOK
MT. PALOMAR OBSERVATORY
$600,000
500
VALLEY CENTER
Mission San Luis Rey
VISTA SAN MARCOS
Legoland California
SAN DIEGO $400,000 NORTH INLAND
BORREGO SPRINGS
350
ESCONDIDO
San Diego Zoo Safari Park
JULIAN
$200,000
200
RANCHO BERNARDO
RAMONA
06
07
08
09
10
11
12
13
14
15
16
PAST 10 YEARS
N
91914
ROLLING HILLS, CHULA VISTA
ortheast Chula Vista, this properous area encompasses Rolling Hills Ranch, The Gates, and other high-end view properties. The detached houses boast the highest average sale price in South County, at $792,000, up a huge 18% from 12 months ago. Listing inventory is shrinking, now at roughly 2 months. Market time is just 3 short weeks, not bad for such high-end homes. Condos in this area are gobbled up quickly, in about 10 days. Only 5 on the market, with an attractive selling price of about $360,000, half of what the detached homes go for in 91914.
ATTACHED SALES
DETACHED SALES 1st Q-2016
% Change
4th Q - 2015
% Change
1st Q - 2015
1st Q-2016
% Change
4th Q - 2015
% Change
1st Q - 2015
Average Sales Price
$792,649
Up 7%
$743,148
Up 18%
$669,549
Average Sales Price
$360,571
Up 5%
$342,633
Up 9%
$331,831
Average Price Per Sq Ft
$252
Up 3%
$244
Down 33%
$375
Average Price Per Sq Ft
$268
Up 3%
$261
Up 9%
$246
Median Sales Price
$708,000
Down 1%
$712,000
Up 17%
$605,000
Median Sales Price
$361,000
Up 5%
$345,000
Up 6%
$338,000
Listing Inventory (Active)
26
Down 4%
27
Down 40%
43
Listing Inventory (Active)
5
up 400%
1
Up 150%
2
Number of Sales
45
Down 4%
47
Down 24%
59
Number of Sales
14
Down 67%
15
Down 26%
19
Median Days on Market
23
Down 39%
38
Up 5%
22
Median Days on Market
10
Down 58%
24
Down 29%
14
Absorption Rate (month to sell inventory)
2 months
Up 14%
1.75 months
No change
2 months
Absorption Rate (month to sell inventory)
1 month
Up 300%
.25 months
Up 100%
1/2 month
AVERAGE SALES PRICE
NUMBER OF SALES
$1,000,000
350
$650,000
225
$300,000
100 06
07
08
09
10
11
12
PAST 10 YEARS MCMILLINREALTY.COM
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RANCHO BERNARDO
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... ABOUT THE MARKET
91915
EASTLAKE, CHULA VISTA
E
ncompassing Eastlake and Otay Ranch, this newer area of Chula Vista includes many community parks and pools. Most properties have Mello-Roos. Detached housing is now averaging a $550,000 sale price, up 3% over 2015. Inventory moves in a short 2 weeks, with only 1 month of inventory available. The condo market has strengthened, appreciating 8% year-over-year, now averaging $379,000. Condos sell in about 3 weeks and a small 1-month inventory is typically available
ATTACHED SALES
DETACHED SALES
TEMECULA
1st Q-2016
% Change
4th Q - 2015
% Change
1st Q - 2015
Average Sales Price
$379,916
Up 2%
$373,465
Up 8%
$350,244
$250
Average Price Per Sq Ft
$247
Up 5%
$236
Up 5%
$236
Up 9%
$477,500
Median Sales Price
$380,000
Up 3%
$370,000
Up 9%
$350,000
29
Down 26%
42
Listing Inventory (Active)
18
Down 28%
25
Down 33%
27
Up 62%
64
Up 18%
88
Number of Sales
66
Up 89%
35
Up 24%
53
15
Down 57%
35
Down 21%
19
Median Days on Market
18
Down 3%
29
Up 28%
14
1 month
Down 33%
1.5 months
Down 33%
1.5 months
Absorption Rate (month to sell inventory)
1 month
Down 50%
2 months
Down 33%
1.5 months
1st Q-2016
% Change
4th Q - 2015
% Change
1st Q - 2015
Average Sales Price
$552,780
Up 5%
$525,157
Up 3%
$507,155
Average Price Per Sq Ft
$262
Up 5%
$251
Up 5%
Median Sales Price
$520,000
Up 3%
$506,000
Listing Inventory (Active)
31
Up 7%
Number of Sales
104
Median Days on Market Absorption Rate (month to sell inventory) PAUMA VALLEY
AVERAGE SALES PRICE
FALLBROOK
NUMBER OF SALES
MT. PALOMAR OBSERVATORY
VALLEY CENTER
$700,000
Mission San Luis Rey
VISTA SAN MARCOS
Legoland California
500
SAN DIEGO NORTH INLAND
BORREGO SPRINGS
$450,000
ESCONDIDO
350
San Diego Zoo Safari Park
JULIAN
$200,000
200
RANCHO BERNARDO
RAMONA
06
07
08
09
10
11
12
13
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PAST 10 YEARS
L
91950
NATIONAL CITY
ocated just northwest of Chula Vista, along the bay, most of National City’s housing was built prior to 1960. This area shouts “affordable!” with the lowest average detached sale price in South County... at $363,000...enjoying 12% appreciation over 2015. Not surprisingly, the detached housing has only 1/2 month’s of inventory available. The condo market’s average sale price at $207,500 is incredibly affordable... but act fast to purchase as only 3 to 5 units are on the market at any one time. Condos go to contract in a speedy one week.
ATTACHED SALES
DETACHED SALES 1st Q-2016
% Change
4th Q - 2015
% Change
1st Q - 2015
1st Q-2016
% Change
4th Q - 2015
% Change
1st Q - 2015
Average Sales Price
$363,178
Up 4%
$350,482
Up 12%
$323,642
Average Sales Price
$207,500
Down 3%
$286,687
Up 2%
$202,790
Average Price Per Sq Ft
$316
Up 9%
$290
Up 19%
$274
Average Price Per Sq Ft
$271
Up 21%
$223
Up 33%
$203
Median Sales Price
$358,250
Up 4%
$345,000
Up 5%
$340,000
Median Sales Price
$155,000
Down 49%
$306,750
Down 24%
$204,500
Listing Inventory (Active)
12
Down 46%
26
Down 48%
27
Listing Inventory (Active)
3
Down 25%
4
Down 57%
7
Number of Sales
50
Up 2%
49
Down 15%
59
Number of Sales
11
Up 38%
8
Up 10%
10
Median Days on Market
19
Up 36%
14
Up 73%
11
Median Days on Market
8
Down 20%
10
Down 72%
29
Absorption Rate (month to sell inventory)
.5 months
Down 67%
1.5 months
Down 67%
1.5 months
Absorption Rate (month to sell inventory)
1 month
Down 33%
1.5 months
Down 50%
2 months
AVERAGE SALES PRICE
NUMBER OF SALES
$500,000
200
$325,000
125
$150,000
50 06
07
08
09
10
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... ABOUT THE MARKET
92139
PARADISE HILLS
L
ocated just northeast of Chula Vista, along SR 54, Paradise Hills is a community within the city limits of San Diego. Detached housing appreciated a strong 11% annually, and continues to remain quite affordable, averaging under $410,000. Both the detached and attached properties go to contract in a fast 2 weeks. Condos are up 16% over 2015, with only 1/2 month’s inventory... extremely low. The average sale price of $300,000 continues to be about the lowest in South County. With a 1200 sq ft condo selling in the $300,000 range, buyers get a lot of house for the money.
ATTACHED SALES
DETACHED SALES
TEMECULA
1st Q-2016
% Change
4th Q - 2015
% Change
1st Q - 2015
Average Sales Price
$305,263
Up 13%
$269,907
Up 16%
$264,136
$258
Average Price Per Sq Ft
$236
Up 3%
$229
Up 10%
$215
Up 15%
$362,500
Median Sales Price
$327,500
Up 18%
$277,500
Up 30%
$251,000
17
Down 25%
16
Listing Inventory (Active)
7
Down 30%
10
Down 13%
8
No change
39
Down 19%
48
Number of Sales
30
Up 7%
28
Down 9%
33
16
Up 14%
14
Down 16%
19
Median Days on Market
13
Down 46%
24
Down 19%
16
1 month
Down 33%
1.5 months
No change
1 month
Absorption Rate (month to sell inventory)
.5 month
Down 50%
1 month
Down 50%
1 month
1st Q-2016
% Change
4th Q - 2015
% Change
1st Q - 2015
Average Sales Price
$409,963
Up 3%
$397,812
Up 11%
$368,060
Average Price Per Sq Ft
$282
Down 17%
$287
Up 9%
Median Sales Price
$415,000
Up 4%
$400,000
Listing Inventory (Active)
12
Down 29%
Number of Sales
39
Median Days on Market Absorption Rate (month to sell inventory) PAUMA VALLEY
AVERAGE SALES PRICE
FALLBROOK
NUMBER OF SALES
MT. PALOMAR OBSERVATORY
VALLEY CENTER
$500,000
Mission San Luis Rey
VISTA SAN MARCOS
Legoland California
200
SAN DIEGO NORTH INLAND
BORREGO SPRINGS
$300,000
ESCONDIDO
125
San Diego Zoo Safari Park
JULIAN
$100,000
50
RANCHO BERNARDO
RAMONA
06
07
08
09
10
11
12
13
14
15
16
PAST 10 YEARS
A
92173
SAN YSIDRO
small town annexed to the City of San Diego, along the US-Mexico border, only about 7 units/month close escrow here. Detached housing is up a significant 20% over 2015 (highest appreciation for all South County detached), with an average sale price of $430,000. San Ysidro condos boast the lowest average sale price anywhere in South County, at $209,000, and and have enjoyed a 14% rise year-over-year. Their inventory level dropped from a high 7 months in 2015 to only 2 months currently. Detached properties go to contract in 2 weeks, attached in 4 weeks.
ATTACHED SALES
DETACHED SALES 1st Q-2016
% Change
4th Q - 2015
% Change
1st Q - 2015
1st Q-2016
% Change
4th Q - 2015
% Change
1st Q - 2015
Average Sales Price
$430,351
Up 7%
$400,000
Up 20%
$358,733
Average Sales Price
$209,345
Down 10%
$233,857
Up 14%
$184,114
Average Price Per Sq Ft
$267
Up 2%
$262
Up 15%
$233
Average Price Per Sq Ft
$251
Up 13%
$222
Up 23%
$204
Median Sales Price
$426,659
Up 3%
$413,000
Up 17%
$365,000
Median Sales Price
$220,000
Up 5%
$209,000
Up 29%
$170,000
Listing Inventory (Active)
7
Up 250%
2
Up 40%
5
Listing Inventory (Active)
7
No change
7
Down 56%
16
Number of Sales
9
Down 31%
13
Down 40%
15
Number of Sales
11
Up 57%
7
Up 57%
7
Median Days on Market
16
Down 61%
41
Up 33%
12
Median Days on Market
34
Up 143%
14
Up 3%
33
Absorption Rate (month to sell inventory)
2 months
Up 300%
1/2 months
Up 100%
1 month
Absorption Rate (month to sell inventory)
2 months
Up 506%
1/3 month
Down 628%
7 months
AVERAGE SALES PRICE
NUMBER OF SALES
$500,000
80
$325,000
55
$150,000
30 06
07
08
09
10
11
12
PAST 10 YEARS MCMILLINREALTY.COM
8
1.800.599.8715
13
14
15
16
... ABOUT THE MARKET
MCMILLINREALTY.COM
9
1.800.599.8715
... ABOUT THE MARKET
MCMILLINREALTY.COM
10
1.800.599.8715