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How’s the Market? July 2018 Snapshot

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I hope you will find the following snapshot of local Real Estate inventory interesting. The table represents aggregated values based on MLS data for the specified date.

If you are keeping up with my monthly reports you’ll notice that we are seeing a slight softening of the market in the past 30 days. What does that mean? Well, in the simplest of interpretation it means that we have more homes available for sale than last month and the homes that are being sold are staying on the market longer and selling at slightly lower prices. Again, I’d like to emphasize that this is a SLIGHT softening! No need to run for the hills yet. If you have had thoughts of selling and are just curious to see what your home would sell for today give me a call. I would be more than happy to prepare a quick, easy to understand, analysis of your home. Don’t be caught off guard, make sure you know what is going on with what is likely the biggest investment you’ll ever make!

Housing Inventory Snapshot July 28, 2018
Average List Price 30 Days Trend Median List Price 30 Days Trend Average DOM: active/sold 30 Days Trend Number of Listings
San Bernardino County, CA
Single Family $330,142 -0.90% $328,000 -0.30% 65 / 45 1 / 5 3,812
Luxury Single Family $950,353 -1.66% $739,900 -1.33% 99 / 52 0 / -2 1,264
Condo/Townhome $316,034 1.62% $339,900 1.49% 48 / 31 3 / 1 219
Luxury Condo/Townhome $549,744 4.57% $515,000 5.10% 54 / 54 3 / 22 71
Riverside County, CA
Single Family $412,938 -1.31% $410,000 -1.20% 68 / 52 1 / 2 5,500
Luxury Single Family $1,380,812 -7.61% $949,900 -4.82% 128 / 138 -1 / -22 1,787
Condo/Townhome $273,226 0.83% $279,000 0.00% 101 / 75 9 / 2 758
Luxury Condo/Townhome $562,053 0.33% $505,000 1.02% 129 / 94 6 / 0 250
Orange County, CA
Single Family $1,000,165 -1.75% $899,000 -1.75% 57 / 36 2 / 0 3,416
Luxury Single Family $4,807,038 -2.86% $3,200,000 -3.03% 110 / 121 2 / 22 1,132
Condo/Townhome $520,386 -1.02% $514,500 -0.87% 43 / 29 0 / 2 1,443
Luxury Condo/Townhome $1,388,313 -4.74% $1,095,000 -4.78% 80 / 45 4 / -13 452
Los Angeles County, CA
Single Family $795,427 -3.18% $689,900 -1.44% 54 / 36 1 / 0 7,897
Luxury Single Family $5,574,955 -0.39% $3,295,000 0.00% 87 / 82 1 / -17 2,504
Condo/Townhome $548,776 0.66% $529,000 0.76% 46 / 31 1 / 0 2,071
Luxury Condo/Townhome $2,021,007 2.06% $1,499,000 3.74% 68 / 51 -6 / -4 667

If you know someone who is considering buying or selling a home, please give me a call. I will provide professional & courteous service along with knowledgeable guidance throughout the process.

Regards,

Yesenia Ruvalcaba-Garcia
Broker, BRE 01293970
626-252-0839

Yesenia@NewCenturyBroker.com
www.NewCenturyBroker.com
www.CovinaRealEstate.com 

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