We’ve certainly seen prices come down in the last few years in Las Flores, but over the last couple years, what do those numbers really look like?
I pulled all closed sales from the period of July 1, 2008 to July 1, 2009, as well as the last year thru July 1, 2010.
Number of sales are up by 10% – possibly as a result of the Homebuyer Tax Credit. It will be interesting to watch the impact on demand in the months ahead.
I’m also interested in the significant improvement in the Sales Price as it compares to the Original List price. I have only anecdotal evidence on this matter, but it certainly seems as though this was the year that sellers seemed to understand the magnitude of the housing market. There certainly seems to be less homeowners under any illusion about the value of their home. People seem to be much more realistic when they enter the marketplace. This increase in demand may also have had an impact on this improvement.
Days on the market is, and will continue to be a very fuzzy number. Given the large number of short sales and the lengthy process that is required in that type of sale.
Breakdown for the Las Flores Real Estate Sales from 7/08 to 7/09
Breakdown for the Las Flores Real Estate Sales from 7/09 to 7/10
