Buyers and Sellers are experiencing mixed emotions in our current market conditions. On one hand, it’s a seller’s market with most homes selling for fast and for at least 94% of the list price (at lower price points, below 500k, it’s common for properties to sell on avg. between 102%-106% of the list price). Then on the other hand, we have many frustrated buyers in this seller’s market due to a lack of properties for sale. Furthermore, many properties that are for sale in this market are in less than desirable condition and/or locations (by freeways, busy streets, etc.). Most buyers and Realtors are constantly refreshing searches for new listings multiple times a day only to discover that nothing new has been listed.
Golden Neighborhood Stats
Total Volume Sold in Jan 2016 = $1,835,000
Avg Sold Price = $917,500
Avg PSF Total = $212
Avg Days on Market (DOM) = 56
There are currently 6 Active/Available p