Temescal Real Estate Market Continues Downward Trend in Price Cuts

Sales in the Temescal market fell 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. While price reduction numbers fell, sale prices dropped as well. This week's reported median sales price of $960,000 continued a four-week downward trend. Despite the falling prices, a relatively low one month of inventory indicates that Temescal is still a strong seller's market.

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Demographic facts for Temescal:

  • The average elevation is 135 feet.
  • The median income per household is $50,422 in the area.
  • For every counselor there are 1,516 students in this area. (513 = national average)

Data reported through 1/11/2017

Comments:

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MARVIN GARDENS EAST BAY
Snapped 1 home in this area
RED OAK REALTY
Snapped 5 homes in this area
REAL ESTATE SOURCE INC.
Snapped 4 homes in this area

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