Sales Decline in 94501 Zip Code Real Estate Market

The 94501 zip code market slowed with an 8.1% sales drop in this week's report. However, overall sales numbers for the last 30 days remained above the monthly average (32.9) with 34 homes sold. On the other hand, the close-by 94611 zip code registered 32 homes sold in the same period, the most of all surrounding zip codes. The median sales price rose to $889,500, up from last week's $880,000. With only one month of inventory to sell, the 94501 zip code is a strong seller's market, in spite of the dip in sales.

You can be the one to discover a gem in the 94501 zip code by checking out these new listings:

$1.1M   $1.1M   $1M  

Get started right now by checking out 94501 homes for sale or reviewing 94501 real estate trends.

Demographic facts for the 94501 zip code:

  • The percentage of people who rent is 54.5%.
  • The 10-year growth projection for this area is 34.3%.
  • This area has an average school expenditure per student of $5,196. ($5,691 = national average)

Data reported through 1/12/2017

Comments:

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Climb Real Estate Group
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Cerda-Zein Real Estate
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