South Bay Macro Market DATA *
MAR 2011
MAR 2012
% CHANGE
Median Price ..........................................................
$1,306,833
$730,125
-44.1%
Average Price per Square Foot ...........................
$427
$365
-14.5%
Properties Sold .......................................................
150
177
18.0%
Properties Pending Sale .......................................
171
282
64.9%
Properties For Sale ................................................
1006
824
-18.1%
Days on Market (Pending Sale) ...........................
109
77
-29.2%
Month’s Supply of Inventory ................................
6.7
4.7
-30.6%
Percent Under Contract ........................................
17.0%
34.2%
101.3%
Average Median Price for Last 12 Months ........
$1,078,500
$1,218,826
11.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in South Bay Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
M E D I A N
$730
S A L E S
$1.306
(in hundred thousands)
P R I C E
yearly trend
MAR
APR
MAY
JUN
Micro Market Report : March 2012
JUL
AUG
SEP
OCT
NOV
DEC
JAN
FEB
MAR