Market Update – Downtown (95816)
September 2017 is a Seller’s market! The number of for sale listings was up 18.8% from one year earlier and up 11.8% from the previous month. The number of sold listings decreased 26.1% year over year and increased 21.4% month over month. The number of under contract listings was down 36.8% compared to the previous month and down 36.8% compared to the previous year. The Months of Inventory based on Closed Sales is 2.2, up 57.5% from the previous year.
The Average Sold Price per Square Footage was up 4.9% compared to the previous month and up 11.8% compared to last year. The Median Sold Price increased by 17.5% from last month. The Average Sold Price also increased by 44.2% 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 neutral trend, a decrease of 4.5% compared to the previous year. The ratio of Sold Price vs. Original List Price is 96%, an increase of 1.1% compared to the previous year.
Proprietary charts with momentum (Þ):
- For Sale, Sold, Pended (Downtown)
- Avg Price Per Square Foot (Downtown)
- Avg CDOM, SP/OLP (Downtown)
- Median, Sold, For Sale (Downtown)
- Mos Inventory (Downtown)
Downtown and Midtown provide great urban housing. There are lofts, bungalows, multi- and single-family homes. Some houses attract young buyers who like the night-club scene. Lofts, ironically, attract some very lofty prices. Make sure you remember that all zip codes have good, bad and ugly.
Copyright 2017 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.