How’s the Market??? Snapshot for May 2016- Real Estate Market Trends

Here is this month’s How’s the Market??? Snapshot. If you saw last month’s Snapshot you will notice that our local real estate trends show median prices are still creeping up, its just taking a little longer for homes to sell! If Hows the market imageyou would like more detailed information about how much your home is now worth after the Real Estate Crash, send me an email, text, or call me. I’ll be more than happy to provide you with a Free, no obligation report of what its worth and things you can do to improve the value of your home.


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 May 28, 2016
Average List Price 30 Days Trend Median List Price 30 Days Trend Average DOM: active 30 Days Trend Number of Listings
Los Angeles County, CA
Single Family under $1M $594,878 1.92% $580,000 1.93% 61 -2 7301
Single Family over $1M $3,540,466 -1.93% $1,999,000 -3.89% 81 -2 5624
Condo/Townhome under $600K $395,119 0.15% $399,000 0.00% 57 -2 1934
Condo/Townhome over $600K $1,206,112 -2.46% $899,000 0.45% 57 -1 1470
Riverside County, CA
Single Family under $500K $341,816 0.81% $348,900 1.16% 79 -3 5584
Single Family over $500K $1,591,035 -0.58% $948,000 0.11% 101 0 6197
Condo/Townhome under $300K $207,583 1.19% $215,000 2.38% 117 1 1119
Condo/Townhome over $300K $599,431 5.38% $495,000 4.21% 91 -1 1455
San Bernardino County, CA
Single Family under $500K $295,148 0.42% $299,000 2.05% 88 -3 4428
Single Family over $500K $1,726,264 -2.59% $988,888 -0.96% 89 -1 4130
Condo/Townhome under $300K $199,206 1.79% $215,000 0.00% 79 -3 239
Condo/Townhome over $300K $731,085 6.36% $625,000 4.34% 44 1 726
Orange County, CA
Single Family under $1M $779,477 1.26% $775,900 1.44% 57 -3 4745
Single Family over $1M $3,536,817 0.38% $2,295,000 0.00% 93 1 3030
Condo/Townhome under $600K $415,469 1.55% $425,000 1.92% 53 -2 1342
Condo/Townhome over $600K $1,022,517 -0.96% $814,900 -0.83% 58 1 973
If you know someone who is considering buying or selling a home, please give me a call. I will provide professional & courteous service along with knowledgeable guidance through the process.
Sincerely,
Yesenia E. Ruvalcaba-Garcia, Broker
Realtor®/HUD REO & Listing Specialist
Direct (626) 252-0839
Office (626) 917-6200 ext. 14
Cell Phone (626) 252-0839
Fax (626) 209-8318
CalBRE License Number: 01293970
yeseniaruvalcaba@aol.com
newcenturybroker.com
New Century Realtors