You are here : Home \\ Blog \\ Lafayette CA Short Sale – Local Real Estate Market Update October 2012

Lafayette CA Short Sale – Local Real Estate Market Update October 2012

by Scott Fuller on November 22, 2012
Written by:

Lafayette CA short sale market update

Lafayette CA short sale market update

Lafayette CA short sale market update for Oct 2012

Your Lafayette CA short sale specialists have put together some great stats showing what is going on in the local market. Wanted to give you a local market update for October 2012. Just give you some statistics of what’s happening in the Lafayette housing market.

Single housing residences, last year there were 33 listings in October of 2011. This year there are 30 new listings in October. So that’s a decrease of about 9%, so inventory is certainly less this time of year and certainly less this year than it was last year. So that’s down about 10%. Keep in mind these stats reflect all types of sales, including regular equity sales, REO/bank owned sales, and of course Lafayette CA short sale homes.

The median sales price is actually up 36%, so that was from $863,000 last year in October to $1.175 this year in October. Doesn’t mean that prices went up 36%. It means that the median price of the home was actually up 36%. So more expensive homes are selling this year than they were last year.

The inventory of homes for sale last year in October 2011 was 87. This year, October 2012 there’s 34 homes for sale. So that’s down about 60%. 60% less listings this October than there were last October. So certainly not as much on the market right now and we’re seeing that pretty much everywhere in the East Bay, that’s pretty commonplace.

So if you have any questions about Lafayette CA short sales and real estate, doing a short sale in Lafayette CA, we are the short sale experts so contact us at eastbayshortsalegroup.com. We’d be happy to talk to you and explain some of your options to you.

To learn more about Lafayette CA short sales, or to get more information on other properties we have for sale and market updates, visit our Youtube Channel

 

Previous post:

Next post: