September 2017 is a Seller’s market! The number of for sale listings was up 9.7% from one year earlier and down 2.5% from the previous month. The number of sold listings was the same year over year and decreased 17.8% month over month. The number of under contract listings was up 4.3% compared to the previous month and up 26.3% compared to the previous year. The Months of Inventory based on Closed Sales is 2.1, up 10.3% from the previous year.
The Average Sold Price per Square Footage was up 1.7% compared to the previous month and up 4% compared to last year. The Median Sold Price increased by 5.1% from last month. The Average Sold Price also increased by 1.8% 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, an increase of 27.6% compared to the previous year. The ratio of Sold Price vs. Original List Price is 96%, was the same compared to the previous year.
Proprietary charts with momentum (Þ):
Orangevale boasts of larger (horse property) lots and a rural feel. There are infill areas of newer and higher-priced homes. If it’s horses you want or need, this may be the place.
- For Sale, Sold, Pended (Orangevale)
- Avg Price Per Square Foot (Orangevale)
- Avg CDOM, SP/OLP (Orangevale)
- Median, Sold, For Sale (Orangevale)
- Mos Inventory (Orangevale)
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