The number of homes coming into the 93434 zip code market stayed firm with one listing over the last 30 days, while sales remained right where they were as once again one home was sold over the same period. The median sales price tumbled to $178,150 over the latest reporting period for the 93434 zip code, down from $365,000. With only one month of inventory to sell, the 93434 zip code is a definite seller's market, in spite of the flat sales.
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With home sales in the 93434 zip code market already below average, in this week's report they dropped 50.0% to one home sold over the last 30 days. On the other hand, the close-by 93401 zip code registered 27 homes sold in the same period, the most of all surrounding zip codes. The prices of sold homes went up with the median sales price setting a one-year high at $365,000. Despite the slip in sales, a relatively low one month of inventory indicates that the 93434 zip code is a strong seller's market.
Comments:

Over the last 30 days, an established upward sales trend continued in the 93434 zip code market, even as sales remained flat at two this week. Pricing in the 93434 zip code remains consistent from last week to this week, with the median sales price at $350,000 again.
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This week in the 93434 zip code market, sales dropped to two homes sold over the last 30 days, coinciding with a solid downward trend in price reductions, with zero in the same time frame. As the lowering of listing prices trended lower, sale prices themselves have also been increasing. The median sales price hit $350,000, extending an eight-week long spike.
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The population of the 93434 zip code is growing slightly slower than the rest of California, at a 10-year growth rate of 24.6%. It's a smaller-than-average zip code compared to the rest of the state, with 7,114 residents. The 93434 zip code is made up of homes that are relatively old with a median of 29 years. Heading the list of top schools in the zip code is Kermit McKenzie Junior High School.
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The 93434 zip code market made gains this week and remained above its average as sales climbed 50.0% to reach three homes sold over the last 30 days. To put it in perspective, the close-by 93401 zip code registered 37 homes sold in the same period, the most of all surrounding zip codes. Potential buyers should note that prices went up in the 93434 zip code, with the median for this period rising from $306,000 to $335,000.
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The 93434 zip code market is enjoying a pronounced upward trend, extended as sales rose to two homes over the last 30 days. The median sales price climbed to $306,000, up from last week's $277,000.
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Over the past 30 days, there have been fewer price cuts in the 93434 zip code market, continuing a three-week declining trend to land at zero. However, home sales remained flat with one over the same period. While the number of price reductions trended lower, months of inventory is on a four-week upswing, this week hitting one months. Despite the slip in sales from last week to this week, the low inventory indicates that the 93434 zip code is still a definite seller's market.
Comments:

The 93434 zip code market looked solid in this week's report, as the number of sales went up to one home sold over the last 30 days. At the same time, the 93420 zip code reported 42 home sales, the highest number from all the surrounding zip codes. Prices were able to climb as this week's reported median sales price of $277,000 continued a four-week upswing. With just one month of inventory available and sales prices going up, the 93434 zip code is a definite seller's market.
Comments:

The 93434 zip code has a population that is much older than most in California with a median age of 28 years. Also, it's less affluent than average with a median income of $39,040 per household. The 93434 zip code is made up of homes that are relatively old with a median of 29 years. The best school in the zip code is Kermit McKenzie Junior High School.
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