Market Activity July 1-15, 2015
While I keep waiting for the (seasonal) interest in Calavera Hills Real Estate to taper off, the market continue to be active. Remember, to get up-to-the-moment notifications of the Calavera Hills real estate market, just signup for free email property alerts:
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Here’s a summary of what happened over the past two weeks in Calavera Hills real estate:
Click on any column header (Square Feet, Price, etc) to sort the table
| ADDRESS | SUBDIVISION | STATUS | BEDS/BATHS | SQ FT | SALE PRICE | DOM |
|---|---|---|---|---|---|---|
| Jetty Point | Mystic Point | Active | 3/2.5 | 1,411 | $490k - $525k | Since 7/12 |
| Jetty Point | Mystic Point | Active | 3/2.5 | 1,390 | $489,000 | Since 7/13 |
| Pleasant Vale | Ravinia | Active | 4/2.5 | 2,597 | $779,997 | Since 7/15 |
| Rich Field | Summerhouse | Active | 5/4 | 2,804 | $759,000 | Since 7/2 |
| Cheshire Ave | Trails | Active | 3/2.5 | 1,468 | $519,000 | Since 7/9 |
| Edinburgh Dr | Colony | Active & Pending | 2/2 | 1,252 | $595,000 | 4 |
| Milford | Trails | Active & Pending | 3/2.5 | 1,362 | $499,900 | 3 |
| Jetty Point | Mystic Point | Back on Market | 3/2.5 | 1,509 | $495k - $515k | Back on 7/9 |
| Rich Field | Summerhouse | Back on Market & Pending | 4/3 | 2,168 | $695,000 | 4 |
| Simsbury | Knolls | Pending | 4/2.5 | 2,198 | $597,000 | 29 |
| Karst Rd | Mystic Point | Pending | 3/2 | 1,341 | $448,700 | 33 |
| Jetty Point | Mystic Point | Pending | 3/2.5 | 1,509 | $495k - $515k | 15 |
| Gentle Knoll | Ravinia | Pending | 4/3 | 2,597 | $718k - $729k | 76 |
| Glenbrook | Trails | Pending | 4/2.5 | 1,997 | $520,000 | 5 |
| Glenbrook | Trails | Pending | 4/2.5 | 1,997 | $520,000 | 5 |
| Andover Avenue | Villas | Pending | 2/2 | 994 | $339,900 | 63 |
| Karst Road | Mystic Point | Price Change | 3/2.5 | 1,535 | $559,900 (Was $539,900 - $569,900) | Since 5/22 |
| Karst Road | Mystic Point | Price Reduction | 3/2.5 | 1,535 | $539,900 - $569,900 (was $579,900) | Since 5/22 |
| Pleasant Vale Dr | Ravinia | Price Reduction | 4/3 | 2894 | $740k - $760k (was $770k) | Since 5/30 |
| Strata Dr | Sheffield | Price Reduction | 4/3 | 2,579 | $599,900 (was $629k) | Since 6/5 |
| Moon Field | Summerhouse | Price Reduction | 4/3 | 2,165 | $680,000 - $699,500 (was $685k - $710k) | Since 6/1 |
| 3589 Bluff Ct | Barrington | Sold | 3/2.5 | 2,160 | $692,500 | 16 |
| 3718 Saddle | Capistrano | Sold | 5/2.5 | 2,913 | $765,000 | 37 |
| 3658 Jetty Point | Mystic Point | Sold | 3/2 | 1,341 | $444,000 | 0 |
| 3732 Jetty Point | Mystic Point | Sold | 3/2.5 | 1,535 | $495,000 | 0 |
| 3431 Rich Field Dr | Summerhouse | Sold | 3/2 | 1,653 | $659,000 | 69 |
| 3623 Harwich | Trails | Sold | 4/2.5 | 1,997 | $602,500 | 9 |
Calavera Hills Averages:
- Average Price of Sold Properties June 2015: $775,000
- Average Price of Sold Properties First Two Weeks of July: $609,667
- Average Days on Market for Sold Properties June 2015: 31
- Average Days on Market for Sold Properties First Two Weeks of July: 26
Notes:
- Active and Pending “Sale Price” are last reported FOR SALE price, not SOLD price.
- If the property is marked as sold, the price displayed is the SOLD PRICE.
Summary
While 10 subdivisions saw some market activity, Mystic Point was the most active with 9 transactions or 1/3 of the activity for all of Calavera Hills in the past two weeks. Mystic Point is historically the most active subdivision, likely because of it’s price point. The average sale price in Mystic Point is about $450,000 making it attractive for first time home buyers. With 2- to 3-Bedrooms and about 1,500 Sq ft, it is a great entry point for many, but may feel a little small after a few years if you have a growing family.
5 homes (almost 20%) of homes had a price change. All of those properties have been on the market for 6-8 weeks. Averages seem to be running about 30 days on market, so it’s no surprise that properties that have been on the market longer than this without closing, are dropping their price.
It’s important to have a qualified agent who knows the area. If you are looking to buy or sell a home, I’d be honored to have the opportunity to help you.
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Data from SANDICOR, Inc. for 1/1/13 through today and represents properties listed or sold by various brokers. If your property is currently listed this is not meant as a solicitation This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display.