Market Activity April 15-30, 2015
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Here’s a summary of what happened in the past two weeks in Calavera Hills:
Click on any column header (Square Feet, Price, etc) to sort the table
| ADDRESS | SUBDIVISION | STATUS | BEDS/BATHS | SQ FT | SALE PRICE | DOM |
|---|---|---|---|---|---|---|
| 3644 Barranca Ct | Barrington | Active | 4/2.5 | 2,160 | $699,900 | |
| 3589 Bluff Ct | Barrington | Active | 3/2.5 | 2,160 | $675,000 - $700,000 | |
| 3718 Saddle | Capistrano | Active | 5/2.5 | 2,913 | $789,000 | |
| 3732 Jetty Pt | Mystic Point | Active | 3/2.5 | 1,535 | $495,000 | |
| 3678 Jetty Pt | Mystic Point | Active | 3/2.5 | 1,390 | $482,000 | |
| 3476 Gentle Knoll | Ravinia | Active | 4/3 | 2,597 | $743,000 | |
| 3690 Strata Dr | Sheffield | Active | 4/3 | 2,579 | $629,000 | |
| 3446 Rich Field Dr | Summerhouse | Active | 3/2 | 1,648 | $649,000 | |
| 3460 Rich Field Dr | Summerhouse | Active | 5/4 | 2,804 | $769,900 | |
| 3623 Harwich | Trails | Active | 4/2.5 | 1,997 | $599,000 | |
| 2892 Lancaster | Cape | Pending | 4/2.5 | 1,724 | $489,000 | 9 |
| 3727 Jetty Pt | Mystic Point | Pending | 3/2 | 1,341 | $449,000 | 6 |
| 3660 Jetty Pt | Mystic Point | Pending | 3/2.5 | 1,390 | $479,000 | 13 |
| 3471 Moon Field Dr | Summerhouse | Pending | 5/3 | 2,476 | $717,000 | 59 |
| 3015 Glenbrook St | Trails | Pending | 3/2.5 | 1,362 | $485,000 | 5 |
| 3506 Somerset Way | Villas | Pending | 3/2 | 1,362 | $380,000 | 27 |
| 2835 Andover Avenue | Villas | Pending | 2/2 | 994 | $349,900 | 9 |
| 3506 Somerset Way | Villas | Pending | 3/2 | 1,362 | $380,000 | 27 |
| Jetty Point | Mystic Point | Sold | 3/2.5 | 1,509 | $490,000 | 5 |
| Backshore Ct | Mystic Point | Sold | 3/2 | 1,341 | $440,000 | 9 |
| Levee Dr | Nantucket | Sold | 3/3 | 2,050 | $640,000 | 6 |
| Ravine Dr | Ravinia | Sold | 5/3 | 2,705 | $645,000 | 89 |
| Cheshire Ave | Trails | Sold | 4/2.5 | 1,701 | $549,000 | 2 |
| Andover Ave | Villas | Sold | 3/2 | 1,362 | $371,500 | 31 |
Averages:
- Average Price of Sold Properties: $522,583
- Average Days on Market for Pending & Sold Properties: 21
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
At the risk of sounding like a broken record, the market continues to be very active. In the month of April, 9 homes have sold and there are currently 18 homes with sales pending. The average days on market for April was 21 and the median was 6! The sold price of homes during the same time frame was 98% (average) or 100% (median) of asking price.
Prices are creeping upwards, but at a reasonable rate. Since interest rates are predicted to go up by the end of the year (see my post on April’s Mortgage Rates), and we are rounding out the busiest time of the year, I’m guessing that next month we will see the same sort of peak market activity, and then things will likely cool off (gradually) throughout the rest of the year.
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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.