Tag Archives: market report

Inventory and Market Report – 2/2/08

Zip Codes: 91006, 91007market_icon.jpg

Current Market Listings as of February 2nd, 2008
Properties for Sale: 256
Median Listing Price: $749,000

December 2007 Sales Report
Properties Sold: 29
Median Price: $790,000

Foreclosure Updates as of February 2nd, 2008
Properties in Foreclosure: 8
Properties in Pre-Foreclosure: 64

Although many local Realtors continue to claim that Arcadia’s housing market is still strong due to high demand, check out this Redfin link. Based on a rough estimate, about a quarter of the homes have been listed for 90+ days and we have just under 6 months worth of standing inventory. Although I expect these sales numbers to increase as we head towards Spring, I doubt 2008 will see the frenzy buying volume of ’05 and ’06.

Property and foreclosure numbers obtained from ZipRealty and Foreclosure.com. Monthly sales numbers obtained from DataQuick News.