Market Activity June 1 – 15, 2015
Homes are still moving in Calavera Hills. The first two weeks of June saw 15 new properties come on the market, 4 go under contract and 5 homes sold. Remember, to get up-to-the-moment notifications of the Calavera Hills real estate market, just signup for free email property alerts:
Signup for free Property Alerts
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 |
|---|---|---|---|---|---|---|
| 2924 Cliff | Cliffs | Active | 4/2.5 | 1,964 | $659,900 | Since 6/1 |
| 4171 Karst Rd | Mystic Point | Active | 3/2 | 1,341 | $448,700 | Since 6/4 |
| 3534 Simsbury | Knolls | Active | 4/2.5 | 2,198 | $627,000 | Since 6/6 |
| 3449 Moon Field | Summerhouse | Active | 4/3 | 2,165 | $685,000 - $710,000 | Since 6/6 |
| 3533 Rock Ridge Rd | Montara | Active | 5/3 | 2,871 | $749,000 - $789,000 | Since 6/9 |
| 3713 Jetty Pt | Mystic Point | Active | 3/2.5 | 1,509 | $495,000 - $515,000 | Since 6/11 |
| 4782 Gateshead | Colony | Active | 5/3 | 3,000 | $725,000 | Since 6/11 |
| 3466 Rich Field | Summerhouse | Active | 4/3 | 2,168 | $690,000 | Since 6/12 |
| 3690 Strata Dr. | Sheffield | Active | 4/3 | 2,579 | $629,000 | Since 6/12 |
| 3644 Barranca Ct | Barrington | Active | 4/2.5 | 2,160 | $675,000 - $699,000 | Since 6/12 |
| 3469 Rich Field | Summerhouse | Active | 4/4 | 2,804 | $769,900 | Since 6/12 |
| 4080 Karst Road | Mystic Point | Active | 3/2.5 | 1,390 | $475,000 | Since 6/14 |
| 3606 Promontory Place | Barrington | Active | 4/3 | 2,287 | $699,000 | Since 6/15 |
| 3476 Gentle Knoll | Ravinia | BOM & Price Reduction | 4/3 | 2,579 | $729,000 (Down $14k) | Since 3/22 |
| 3718 Saddle | Capistrano | Pending | 5/2.5 | 2,913 | $779,000 | 37 |
| 3732 Jetty Pt | Mystic Point | Pending | 3/2.5 | 1,535 | $495,000 | 0 |
| 4134 Karst Road | Mystic Point | Pending | 3/2.5 | 1,535 | $579,900 | 3 |
| 3466 Rich Field | Summerhouse | Pending | 4/3 | 2,168 | $690,000 | 2 |
| 3519 SIMSBURY | Knolls | Price Reduction | 4/2.5 | 2,016 | $639,900 (Down $10k) | Since 5/27 |
| 3534 Simsbury | Knolls | Price Reduction | 4/2.5 | 2,198 | $614,000 (Down $13k) | Since 6/6 |
| 2924 Cliff | Cliffs | Price Reduction | 4/2.5 | 1,964 | $629,900 (Down $30k) | Since 6/1 |
| Moon Field Dr | Summerhouse | Sold | 4/3 | 2,476 | $680,000 | 59 |
| Somerset Way | Villas | Sold | 3/2 | 1,362 | $330,000 | 40 |
| Andover Ave | Villas | Sold | 3/2 | 1,362 | $370,000 | 66 |
| Andover Ave | Villas | Sold | 3/2 | 1,362 | $375,000 | 19 |
| Jetty Point | Mystic Point | Sold | 3/2.5 | 1,390 | $477,000 | 30 |
Averages:
- Average Price of Sold Properties Last Month: $597,500
- Average Price of Sold Properties This Month: $446,400
- Average Days on Market for Pending & Sold Properties Last Month: 22
- Average Days on Market for Pending & Sold Properties This Month: 28
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
The first two weeks in June saw the same amount of activity as did the last two weeks of May with 26 different homes coming on or off the market. As noted above, however, the average sales price of those homes was down over $150,000 and took about a week longer to sell.
Over 40% of the market activity was in just two subdivisions: Mystic Point and Summerhouse. We are used to seeing that kind of activity in Mystic Point, as those units typically have the highest turnover in all of Calavera Hills. Interestingly, Summerhouse was busy with nearly 20% of the market activity on just two streets!
Mortgage rates creeped up a notch in the past two weeks, which may fuel buyer demand (the thought being that it’s better to buy now before interest rates go up more). I found an interesting interactive map on Trulia that shows that search traffic for homes historically drops off in September.
Taken together, it seems likely that interest in Calavera Hills real estate will not wane for another few months. If you are interested in buying a home, first check out this article on 10 Tips for House Hunters, then contact me for a free consultation.
Ready to make your own move? Contact me to find out:
Want to be emailed any time a property comes to the market?
Related Links
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.