Market Activity September 16-31, 2015
Still plugging along: 5 active, 8 pending and 6 homes sold in the past two weeks. While the average number of transactions is down about 13% from last month, average prices are up and days on market are lower. 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 |
|---|---|---|---|---|---|---|
| Pleasant Vale | Ravinia | Active | 4/2.5 | 2,597 | $699k - $719,000 | Since 9/22 |
| Andover Ave | Villas | Active | 2/2 | 994 | $339,900 | Since 9/18 |
| Brookfield | Villas | Active | 2/2 | 994 | $334,500 | Since 9/25 |
| Winthrop Avenue | Villas | Active | 2/2 | 1,112 | $359,900 | Since 9/24 |
| Winthrop Avenue | Villas | Active > Pending | 3/2 | 1,362 | $345k - $385k | 39 |
| Cheshire | Trails | Active > Price Drop > Pending | 3/2.5 | 1,468 | $509,900 > $499,900 | 16 |
| Barranca Court | Barrington | Pending | 4/3 | 2,287 | $699,000 | 36 |
| Cay Drive | Barrington | Pending | 3/2.5 | 2,160 | $683,000 | 12 |
| Lancaster | Cape | Pending | 4/2.5 | 1,724 | $489,000 | 26 |
| Crater Rim | Ravinia | Pending | 4/2.5 | 2,597 | $774,900 - $799,900 | 21 |
| Ravine Dr | Ravinia | Pending | 4/3 | 2,876 | $750,000 | 29 |
| Rich Field | Summerhouse | Pending | 5/4 | 2,804 | $759,000 | 16 |
| Peninsula Dr | Mystic Point | Price Change | 3/2 | 1,341 | $449,950 - $460,000 | Since 9/11 |
| 3541 Cay Drive | Barrington | Sold | 3/2.5 | 2,160 | $684,500 | 37 |
| 4758 Aberdeen Court | Colony | Sold | 3/2.5 | 1,792 | $690,000 | 8 |
| 3777 Portland Ct. | Crest | Sold | 2/2 | 1,000 | $355,000 | 0 |
| 4014 Backshore Ct | Mystic Point | Sold | 3/2.5 | 1,509 | $500,000 | 0 |
| 3926 Rill Court | Nantucket | Sold | 4/2.5 | 2,462 | $732,000 | 0 |
| 3496 Pleasant Vale | Ravinia | Sold | 4/3 | 2,894 | $730,000 | 86 |
Calavera Hills Averages:
- Average Price of Sold Properties September 2015: $615,250
- Average Price of Sold Properties August 2015: $567,260
- Average Days on Market September 2015: 23
- Average Days on Market August 2015: 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
Nearly all of the new homes that came on the market these past two weeks is from just one subdivision: the Villas. The Villas are generally the lowest priced homes in Calavera Hills. Ravinia, which is in the middle price range for Calavera Hills homes, also had a considerable share of recent activity with 4 different properties (1 active, 2 pending and 1 home sold).
Average mortgage rates remained unchanged as compared to last month–likely because the Federal Reserve had announced it is not going to raise interest rates. Although it was predicted earlier in the year that the Fed would raise rates in the 3rd quarter, revised predictions are for December or early 2016. Read more about the Fed’s announcement here.
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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.