California Horse 'n Home

2010 SALES STATS AND MORE
January 1, 2010 through December 31, 2010

    Below you will find the sales statistics for 2010 covering Lake Mathews, Gavilan Hills and Gavilan Springs neighborhoods. The statistics are gathered from the MRMLS and deemed to be reasonably reliable.  
    The information provided 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 development along Gavilan Rd. are excluded).

    There are many ways to interpret the statistics - it depends on which side of the fence you're on. There's the Seller that wants to get as much as possible. There's the Buyer that is looking for the best value. And, there is the real estate agent that's trying their best to 'bridge' the gap between seller and buyer. And of course, in the current market we have the lender - which can sometimes be difficult to deal with, at least from the view of the various parties involved - seller, buyer, agent. So, allow me to present...

The Statistical Reality Of 2010

DESCRIPTION	2009	2010	% CHANGE
CLOSED SALES	52	51	N/A
*REO SALES	34	21	-38%
*SHORT PAY	3	13	+425%
STD (owner)	14	17	+22%
TOTAL SALES $'s	$18,471,100	$17,804,150	-4%
AVERAGE PRICE	$355,213	$356,083	N/A

   *REO AND *SHORT PAY sales represented approximately 66% of CLOSED sales for 2010 vs 71% for 2009. To me, that is movement in the right direction for our neighborhood market. Another thing I like is the reduction in REO sales because they represent the bottom end of the market and usually have the lowest sales price average. See chart below.

More Info For The Statistically Deprived

TYPE SALE	% OF SALES	TOTAL $ VOLUME	AVG. PRICE
REO            2010                  2009	35% 65%	$6,330,750 $10,731,600	$301,464 $315,645
SHORT PAY  2010                  2009	28% .06%	$5,037,000 $1,310,000	$387,461 $436,667
STD (owner) 2010                   2009	37% 27%	$6,666,400 $6,429,500	$392,141 $428,633

   Let's first deal with the STD (owner) sale information: 1) I really like the 10% increase in STD sales vs 2009. 2) The $36,000+ drop in sales price is not pretty but represented the directional activity of the market and pulled down to some extent by REO sales. 3) As you can note in the chart below STD sales are dominate in current, active listings - which I believe to be a good sign.
   Now, lets look at the REO sales: 1) Wow, I love that downward move! 2) Even though the average sales price dropped for 2010, from my point of view the reduction of REO's (34 in 2009 / 21 in 2010) is significant. Hopefully this trend will continue.
   SHORT PAY's, what can you say? 1) A huge increase in the number of SHORT PAY sales kept a lot of properties out of the foreclosure market - which is very likely a good thing for home prices. Did the banks realize it was better to work with the homeowner and reduce the debt rather than going to foreclosure and really loosing a lot of money? 2) When you look at the average prices of a SHORT PAY sale vs STD sale there isn't that much difference.

 ACTIVE LISTINGS IN OUR NEIGHBORHOOD
Current listings as of January 8, 2011

TYPE	# LISTED	$ VOLUME	AVG PRICE	%/LISTINGS
REO	4	$949,800	$234,750	17%
SPAY	6	$2,546,000	$424,333	25%
STD	14	$5,303,998	$379,071	58%

  A MUST SEE VIDEO THAT WILL TOUCH YOUR HEART

Well, there is no way with all this number-crunching stuff that I could not add a truly heartwarming horse story. Actually it's a YouTube video. Grab your hanky 'cause you'll need it. 'Animal Miracles with Allan Thicke':
CLICK HERE

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Mary Jo Placka
951-707-7832  cell        951-780-0856  home
License #01707120
Land of the Hawk Realty
17679 Cajalco Road, Lake Mathews, CA 92570
(we're next to Lake Mathews Feed, across from the Fire Station)
951-940-9401