$335K  
The 92251 zip code market broke below its 12-month average sales volume this week as sales dropped 21.7% to hit 18 homes sold over the last 30 days. On the other hand, the close-by 92243 zip code registered 20 homes sold in the same period, the most of all surrounding zip codes. Months of inventory in the 92251 zip code spiked to four but prices came down, as the median sales price dropped to $257,000.
Comments:

$233K  
The population of the 92251 zip code is growing faster than the rest of California, at a 10-year growth rate of 48.1%. It's an average-sized zip code compared to the rest of the state, with 20,245 residents. Homes in the 92251 zip code are relatively new with a median age of 12 years.
Comments:

$242K  
The 92251 zip code market showed gains in this week's report, as the number of home sales climbed 11.1%, pushing the total to 20 homes sold over the last 30 days. At the same time, the 92243 zip code reported 24 home sales, the highest number from all the surrounding zip codes. The median sales price dropped to $257,000, potentially helping to offset the four months of inventory left to be sold.
Comments:

$288K  
There were 14 home sales in the 92251 zip code market over the last 30 days. At the same time, the 92243 zip code reported 19 home sales, the highest number from all the surrounding zip codes. The median sales price rose to $276,250 over the latest reporting period for the 92251 zip code, up from $259,000.
Comments:

$219K  
Over the last 30 days, eight homes were sold in the 92251 zip code market, down 11.1%. Additionally, the market is still in a new downward trend overall. Potential buyers should note that prices are coming down in the 92251 zip code, and for this period the median sales price slid from $305,000 to $257,000. The 92251 zip code is a definite buyer's market, due to a downward trend in sales numbers and nine months of inventory remaining.
Comments:

$419K  
The number of sellers reducing prices in the 92251 zip code market trended up to 18 over the last 30 days, extending a six-week streak. During the same period, nine sales were completed. The median sales price climbed to $305,000 over the latest reporting period for the 92251 zip code, up from $257,000. With no movement in sales and the availability of eight months of inventory, the 92251 zip code is a strong buyer's market.
Comments:

$243K  
The 92251 zip code has a population that is much older than most in California with a median age of 32 years. Also, it's affluent with a median income of $62,036 per household. With an ownership ratio of 65.1%, most people in the 92251 zip code are homeowners.
Comments:

$155K  
The 92251 zip code market remained slow with nine homes sold in the last 30 days, a 25.0% sales drop. Meanwhile, the 92243 zip code reported 16 home sales, the highest number from all the surrounding zip codes. Potential buyers should note that prices are coming down in the 92251 zip code, and for this period the median sales price slid from $287,416 to $257,000. The 92251 zip code is a definite buyer's market, thanks to a big eight months of inventory to choose from and a pullback in sales.
Comments:

$273K  
Sales fell to 12 homes sold in the 92251 zip code market over the last 30 days. Furthermore, an identifiable downturn in the number of pending transactions continued, with 18 completed in the same period. Prices are rising in the 92251 zip code, and the median sales price this period increased from $270,000 to $287,416.
Comments:

$419K  
A dip in the number of pending transactions in the 92251 zip code market over the last 30 days has resulted in the lowest levels for contracts in three months. While 16 homes went under contract, there were 20 completed sales. When comparing other close-by zip codes within the same period, the most came from the 92243 zip code with 21 contracts executed. There are four months of inventory remaining in the market, and that will likely remain the case as the median sales price stayed flat at $269,500 this week.
Comments:
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