Caruso’s SoCal Housing Inventory Snapshot!


I hope you will find the following snapshot of local Real Estate inventory interesting. The table represents aggregated values based on MLS data for the specified date.

 

Housing Inventory Snapshot February 28, 2011
  Average List Price Median List Price Average Days On Market
Orange County, CA
Single Family under $1M $544,838 $519,000 103
Single Family over $1M $3,135,125 $1,980,000 153
Condo/Townhome under $600K $298,848 $280,000 110
Condo/Townhome over $600K $1,064,545 $829,000 133
Los Angeles County, CA
Single Family under $600K $309,254 $294,900 107
Single Family over $600K $995,063 $790,000 155
Condo/Townhome under $400K $213,777 $199,900 119
Condo/Townhome over $400K $685,336 $594,900 160
Riverside County, CA
Single Family under $700K $218,128 $190,000 143
Single Family over $700K $2,050,469 $1,200,000 211
Condo/Townhome under $150K $96,910 $99,500 118
Condo/Townhome over $150K $259,041 $209,900 132

 

 When you look at this table do you think we are starting to see the market improve? Is everything still the same? Or is it just getting worse? What does the table say to you?

 

And thank you for making me Your Orange County Real Estate Connection.     

www.MichaelCarusoRealEstate.com

Best regards,

Michael Caruso, Broker ABR ABRM CLHMS CRB CRS GREEN GRI

Past President, Orange County Association of Realtors (949) 753-7900

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