Real Estate Market Update
January 2018 is a Seller’s market! The number of for sale listings was down 23.8% from one year earlier and up 1.6% from the previous month. The number of sold listings increased 30.3% year over year and decreased 15.7% month over month. The number of under contract listings was up 2.2% compared to previous month and down 11.3% compared to previous year. The Months of Inventory based on Closed Sales is 1.5, down 39.3% from the previous year.
The Average Sold Price per Square Footage was up 3.9% compared to previous month and up 15.2% compared to last year. The Median Sold Price decreased by 11.2% from last month. The Average Sold Price also decreased by 10.3% from last month. Based on the 6 month trend, the Average Sold Price trend is “Neutral” and the Median Sold Price trend is “Neutral”.
The Average Days on Market showed a upward trend, a decrease of 3.6% compared to previous year. The ratio of Sold Price vs. Original List Price is 94%, was the same compared to 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):
Copyright 2018 MetroList Services, Inc.
All measurements and all calculations of area are approximate. Information provided by Seller/Other sources, not verified by Broker. All interested persons should independently verify accuracy of information. Provided properties may or may not be listed by the office/agent presenting the information.
Data maintained by MetroList® may not reflect all real estate activity in the market. All real estate content on this site is subject to the Federal Fair Housing Act of 1968, as amended, which makes it illegal to advertise any preference, limitation or discrimination because of race, color, religion, sex, handicap, family status or national origin or an intention to make any such preference, limitation or discrimination. MetroList® will not knowingly accept any advertisement for real estate which is in violation of the law. Users of this site are hereby informed that, pursuant to applicable laws and regulations, all dwellings advertised in the MetroList® service are available on an equal opportunity basis.