June's First-Time Homebuyer Report for Avalon

Avalon is a small city in California with a median income of $59,306 per household. Besides being affluent, its population is older than others with a median age of 37 years. The Avalon market is mostly made up of condos and townhouses, which currently account for 38% of the homes for sale in the area. The top school in the city is Avalon K-12.

Price Range

The median value of homes in Avalon is $494,700, making it one of the most valuable areas in California. At the same time, the average list price of available homes is presently $846,923. In this week's report, the number of homes sold in the Avalon market slid to two over the past 30 days. It marked a decrease of 33.3% from last week's report and a fall below the monthly average.

Typical Dwelling

A two-bedroom condo valued around $700,250 is considered a typical dwelling in Avalon. If a buyer was looking for a similar home, they would need good credit and a $140,050 cash down payment to get a mortgage with a 3.95% interest rate. The monthly payments would be $3,706 and the property tax rate is $7.73 per $1,000 of taxable assessed value.

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


Data reported through 6/15/2017

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Ellis-Hall & Associates
Snapped 2 homes in this area
RE/MAX Crossroads Properties
Snapped 3 homes in this area
Nationwide Real Estate Executives
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