FIRST QUARTER 2011 SALES STATS & MORE
January 1, 2011 through March 31, 2011

      Below you will find the sales statistics for the first quarter of 2011 covering the Lake Mathews, Gavilan Hills and Gavilan Springs neighborhoods. The statistics are gathered from the MRMLS and deemed to be reasonably reliable.
      Information coverage is comprised of the following Thomas Bros. Map Guide pages: 775 south of Cajalco Rd., all of 805 and properties west of Juniper Rd. on page 806 (properties in the mobile home community along Gavilan Rd. are excluded).

      Interpretation of statistics is far from an exact science as some would like us to believe. There are people that work with statistics that might have a tendency to 'throw out' a sale that was very low but retain one that was very high. It can make the market look stronger than it actually is. Here, I assure you, the numbers (all the numbers) are what you get. Although I like to add my $.02 about what they mean to me, it's mostly up to you to form your own opinion.         So, let's have some fun...

Statistical Reality of 1st Qtr. - 2011

DESCRIPTION	2010	2011	% CHANGE
CLOSED SALES	9	12	+25%
*REO SALES	7	3	-57%
*SHORT PAY	1	2	N/A
*STD (owner)	1	7	BIG
TOTAL VOLUME $	$2,999,600	$3,831,350	+28%
MAX. SALE PRICE	$650,000	$510,000	-22%
AVG. SALE PRICE	$333,289	319,280	-4%

    The good news we're finding here is the *REO and *SPAY sales aren't dominating the market and we had a huge increase in CLOSED and *STANDARD sales, which is always a good sign. On the flip side of that is the lower maximum and average sale price amounts which shows we're still 'adjusting' down. I've added the MAX. SALE PRICE information to point out that agents must be honest with potential sellers and set realistic prices. 

PENDING SALES