Active
Volume: 12 (+9%)
Low: $1,050,000 (-67%)
High: $14,995,000 (0)
Average: $6,578,666.25 (+3.2%)
Median: $5,624,497.50 (+21%)
Under Contract
Volume: 2 (+100%)
Low: $3,489,991 (-42%)
High: $5,995,000 (0)
Average: $4,742,495.50 (-21%)
Median: $4,742,495.50 (-21%)
Pending
Volume: 0
Low: 0
High: 0
Average: 0
Median: 0
Sold (last 30 days)
Volume: 2 (0)
Low: $4,900,000 (+88%)
High: $7,800,000 (+59%)
Average: $6,350,000 (+69%)
Median: $6,350,000 (+69%)
Average % Difference between List Price and Purchase Price: -5.8%
Ok so there were some minor changes that had some serious impact on the numbers. First, the condo that was in escrow fell out and increased in price from $859,000 to $1,050,000. Not necessarily surprising that this would be a complicated sale given that the property is in default. Second, the cute little, funky oceanfront at 2500 West Oceanfront went into escrow. Third, the condo near peninsula point that closed, closed more than 30 days ago and the large home at 12th street just closed in the last week.
I like watching oceanfront data because there are so few and the changes really move the data significantly. Something that I can see through the mls is that there is a major gap/jump in price. We jump from $4,650,000 to $6,598,995. I don't think we have a massive pent up demand for oceanfronts in the 4.7-6.5 range. However, I think there would be more moves if we had more inventory in that price range. I will also add that the oceanfronts between Newport Elementary and Island Avenue appear to be moving well and quickly and we don't currently have any inventory in that particular area.
We are going to be coming into summer with people prepping for the summer fun. Might see a few more changes as we make that turn into summer.
Volume: 12 (+9%)
Low: $1,050,000 (-67%)
High: $14,995,000 (0)
Average: $6,578,666.25 (+3.2%)
Median: $5,624,497.50 (+21%)
Under Contract
Volume: 2 (+100%)
Low: $3,489,991 (-42%)
High: $5,995,000 (0)
Average: $4,742,495.50 (-21%)
Median: $4,742,495.50 (-21%)
Pending
Volume: 0
Low: 0
High: 0
Average: 0
Median: 0
Sold (last 30 days)
Volume: 2 (0)
Low: $4,900,000 (+88%)
High: $7,800,000 (+59%)
Average: $6,350,000 (+69%)
Median: $6,350,000 (+69%)
Average % Difference between List Price and Purchase Price: -5.8%
Ok so there were some minor changes that had some serious impact on the numbers. First, the condo that was in escrow fell out and increased in price from $859,000 to $1,050,000. Not necessarily surprising that this would be a complicated sale given that the property is in default. Second, the cute little, funky oceanfront at 2500 West Oceanfront went into escrow. Third, the condo near peninsula point that closed, closed more than 30 days ago and the large home at 12th street just closed in the last week.
I like watching oceanfront data because there are so few and the changes really move the data significantly. Something that I can see through the mls is that there is a major gap/jump in price. We jump from $4,650,000 to $6,598,995. I don't think we have a massive pent up demand for oceanfronts in the 4.7-6.5 range. However, I think there would be more moves if we had more inventory in that price range. I will also add that the oceanfronts between Newport Elementary and Island Avenue appear to be moving well and quickly and we don't currently have any inventory in that particular area.
We are going to be coming into summer with people prepping for the summer fun. Might see a few more changes as we make that turn into summer.
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