September 2017 is a Seller’s market! The number of for sale listings was down 15.6% from one year earlier and down 12.2% from the previous month. The number of sold listings increased 1.6% year over year and decreased 1.6% month over month. The number of under contract listings was up 5.8% compared to the previous month and up 40.4% compared to the previous year. The Months of Inventory based on Closed Sales is 2.1, down 16.1% from the previous year.
The Average Sold Price per Square Footage was up 2.6% compared to the previous month and up 12.3% compared to last year. The Median Sold Price increased by 3.9% from last month. The Average Sold Price also increased by 8.1% from last month. Based on the 6 month trend, the Average Sold Price trend is “Appreciating” and the Median Sold Price trend is “Appreciating”.
The Average Days on Market showed a neutral trend, a decrease of 8.6% compared to the previous year. The ratio of Sold Price vs. Original List Price is 96%, a decrease of 1% compared to the previous year.
Proprietary charts with momentum (Þ):
Carmichael has some popular areas and lofty prices. There are also older areas and clusters of investment properties (duplexes). Carmichael consists of about 16k households. Homes which are closer to the river and parks get higher prices. Make sure you remember that all zip codes have good, bad and ugly.
- For Sale, Sold, Pended (Carmichael)
- Avg Price Per Square Foot (Carmichael)
- Avg CDOM, SP/OLP (Carmichael)
- Median, Sold, For Sale (Carmichael)
- Mos Inventory (Carmichael)
Listings (Call me first):
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