Loyola Real Estate Market Sees Home Sales Fall

The Loyola market pulled back with a 16.7% sales drop in this week's report. However, overall sales numbers for the last 30 days remained above the monthly average (2.9) with five homes sold. Meanwhile, close-by San Jose reported 645 homes sales, the highest number from all the surrounding cities. A months of inventory number of one reported this week continued a four-week downward trend. In spite of the decrease in sales, the lack of inventory signals that Loyola is still a definite seller's market.

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Demographic facts about Loyola:

  • The average elevation in this area is 301 feet.
  • The median income is $152,991 per household.
  • The student-to-counselor ratio is 1,239:1. (513:1 = national average)

Data reported through 10/12/2016

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Better Homes and Gardens Real Estate J.F. Finnegan
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Keller Williams Palo Alto
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