Sales numbers in the 93461 zip code market remain the same with one home sold over the last 30 days and the market still shows a confirmed trend downward overall. A months of inventory number of one reported this week continued a four-week upward trend, to go along with the weak sales in the area. With inventory so low in the 93461 zip code, it's still a strong seller's market, despite the shrinking sales numbers.
Comments:

Over the last 30 days, the 93461 zip code market was steady and saw one home sold. However, the number of pending transactions continued to decline, with a total of zero transactions during the same period. As contracts trended lower, prices have been increasing. The median sales price hit $290,000, extending a four-week long spike. With only one month of inventory left to sell and prices on the rise, the 93461 zip code is still a strong seller's market, in spite of the downward trend in contracts numbers.
Comments:

The number of homes coming into the 93461 zip code market stayed firm with zero listings 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 remained unchanged over the latest reporting period for the 93461 zip code, coming in at $290,000. In spite of flat sales, a low one month of inventory signals that the 93461 zip code is a strong seller's market.
Comments:

With 1,603 residents, 93461 is a smaller-than-average zip code in California. Also, with 5.2 people per square mile, it has a much lower than average density in comparison to other parts of the state. With a median age of 23 years, homes in the 93461 zip code tend to be of moderate age.
Comments:

While home sales in the 93461 zip code market have been above average, in this week's report they fell 50.0% to one home sold over the last 30 days. Meanwhile, the 93401 zip code reported 35 home sales, the highest number from all the surrounding zip codes. The median sales price dropped to $290,000 over the latest reporting period for the 93461 zip code, down from $323,750. There is only one month of inventory available in the 93461 zip code, so it's a solid seller's market, even with the decrease in sales.
Comments:

Over the last 30 days, an emerging upward trend of new sellers coming into the 93461 zip code market continued, with zero listings in this week's report. Meanwhile, sales have dropped, with two homes selling during the same period. The median sales price jumped to $323,750, up from last week's $258,000.
Comments:

With three homes sold in the 93461 zip code market over the last 30 days, we see no change from last week's numbers. In addition, there was no shift in the amount of sellers who came into the market in the same time frame, with zero new listings for buyers to choose from. The median sales price remained unchanged over the latest reporting period for the 93461 zip code, coming in at $258,000.
Comments:

Sales in the 93461 zip code market dropped to three homes sold over the past 30 days. In addition, the number of sellers reducing their listing price is still in the midst of a downward trend with zero price reductions in the same time frame. All indications show that the trend may be coming to an end, meaning more price reductions over the next few weeks. The median sales price climbed to $258,000 over the latest reporting period for the 93461 zip code, up from $257,000.
Comments:

Over the last 30 days, the 93461 zip code market showed positive signs with four homes sold, a 100.0% increase from last week's report. In comparison, the nearby 93401 zip code had 27 sales in the same time frame, the most of all neighboring zip codes. Prices are rising in the 93461 zip code, and the median sales price this period increased from $194,000 to $257,000.
Comments:

The population of the 93461 zip code is somewhat affluent compared to others in California with a median income of $58,105 per household. It's also considered a less expensive zip code in terms of affordability with a cost of living adjustment score of 104.4. The 93461 zip code is made up of homes that are of moderate age with a median of 23 years.
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