Mariposa Real Estate Market Extends Weakness in Price Cuts

On top of a recent downward trend in sellers reducing price, including zero markdowns over the last 30 days, sales in the Mariposa market dropped to two over the same stretch of time. Prices are rising in Mariposa, and the median sales price this period increased from $249,000 to $263,750. There are only three months of inventory available in Mariposa, so it's a seller's market, even with the decrease in sales.

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$280K   $254K   $439K  

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Demographic facts for Mariposa:

  • 34 years old is the median age of all the homes in the area.
  • This area has an anticipated job growth rating of 54. (Scale: 1 = Worst, 100 = Best)
  • Schools spend an average of $4,981 for each student in this area. ($5,691 = national average)

Data reported through 10/12/2016

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