California Horse 'n Home

2007 SALES STATISTICS

    I would imagine most agents are glad to see 2007 behind them, myself included. Without question, it was a difficult year for real estate – not just for agents but sellers and buyers as well. The market is still in “slow-motion”, but with the possible increase in FHA and Jumbo loan rates and the lowering of interest rates, everyone is looking for something better in 2008.
    The following statistics were gathered from the local multiple listing service and deemed to be reasonably reliable. The geographic area represented 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 (Lake Mathews, Gavilan Hills and Gavilan Springs).

THE STATS

DESCRIPTION	2006	2007	CHANGE
CLOSED SALES	47	26	-45%
TOTAL SALES VOLUME	$35,540,350	$17,222,300	-49%
AVERAGE SALES PRICE	$756,177	$662,396	-12%
SALES OVER $1M	5	1	-80%

CURRENT ACTIVE LISTINGS (as of 01/31/08):
  64 - (5 @ $1M+)

    For January we've seen one (1) closed sale and that was an auction. The home was listed for $534,900 and sold for $452,500, a decrease of a little over 15% and was on the market for 143 days. In addition, there is one pending sale that had been on the market for 111 days (sales price not disclosed until close of escrow).

ON A LIGHTER NOTE

    Click on the following link for a cute horse story entitled: 
   If Horses Were Software - A letter to tech support 
         http://ultimatehorsesite.com/fun/joke_techsupport.html    

If you’re a coffee lover (aren’t we all?) here is a website called The Coffee Corral  that has some great, fresh-roasted to order coffee. It makes for terrific gifts because not only is it good coffee but the packaging is very personalized – and the price is right. I’ve been giving them as gifts to my clients when I do open houses and they love it.     They have coffee from Colombia, Costa Rica, India, Sumatra, Nicaragua and Guatemala - flavored coffees too. They even make deliveries to the local area on special request.   www.TheCoffeeCorral.com

   Until next time, thanks for visiting...

    Mary Jo Placka - Tarbell, Realtors
    951-707-7832