Market Activity October 1-15, 2015
Slowing down: 7 active, 4 pending and 3 homes sold in the past two weeks. These numbers are slightly less than the last market report, and 6 properties (42%) lowered their prices (2 active, 2 pending and 2 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 |
|---|---|---|---|---|---|---|
| Seabury St | Knolls | Active | 4/2.5 | 2,163 | $739,900 | Since 10/1 |
| Flat Rock | Montara | Active | 3/3 | 1,675 | $639k - $659k | Since 10/14 |
| Rich Field | Summerhouse | Active | 4/3 | 2,165 | $739,950 | Since 10/12 |
| Moon Field Drive | Summerhouse | Active | 5/3 | 2,804 | $757,000 | Since 10/14 |
| New Castle Way | Villas | BOM | 2/2 | 1,112 | $339,900 | Since 8/28 |
| Norwich | Cape | Pending | 2/2 | 1,119 | $439,000 | 4 |
| Gorge Place | Montara | Pending | 5/2.5 | 2,603 | $899,000 | 12 |
| Rock Ridge Rd | Montara | Pending | 5/3 | 2,871 | $749,000 | 37 |
| Cheshire | Trails | Pending | 3/2.5 | 1,468 | $490,000 | 21 |
| Peninsula Dr | Mystic Point | Price Drop | 3/2 | 1,341 | $425k - $445k (from $460k) | Since 9/11 |
| Pleasant Vale | Ravinia | Price Drop | 4/3 | 2,597 | $699k - $709,999 (Was $719k) | Since 9/22 |
| 2956 Lancaster | Cape | Sold | 4/2.5 | 1,724 | $470,000 | 26 |
| 4746 Inverness Ct | Colony | Sold | 3/2 | 2,000 | $685,000 | 10 |
| 3763 Jetty | Mystic Point | Sold | 3/2.5 | 1,509 | $488,000 | 27 |
Calavera Hills Averages:
- Average Price of Sold Properties (first two weeks of) October 2015: $547,677
- Average Price of Sold Properties September 2015: $615,250
- Average Days on Market (first two weeks of) October 2015: 20
- Average Days on Market September 2015: 23
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
Properties that have been sitting on the market for more than 3 weeks all lowered their asking prices. Of those that are sold and lowered their asking price, their final prices were $11,000 and $19,000 less than their reduced asking prices. I’m guessing that there were some motivated sellers out there who were tired of waiting, and some lucky buyers to get a Calavera Hills property at a discount! On the whole, things are still looking very healthy, with a respectable average of 20 days on market and average sale prices almost matching those in August: $550,000. I’m guessing this trend will continue: fewer properties on market, but Calavera Hills desirability slowing a dramatic decrease in average sales price.
While the website overhaul is coming along slower than I’d like, I do have a free, automated home value estimator up and running. Click here to see what your home is worth.
Ready to make your own move? Click here to find out:
What’s my home worth?
Want to be emailed any time a property comes to the market?
[ARForms id=107]
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.