$242K  
Sales in the 92251 zip code market remained level with 17 homes sold over the past 30 days. However, the number of sellers reducing their listing price is still in the midst of a downward trend with 15 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. Prices are falling in the 92251 zip code, and this period the median price of all sales fell from $255,000 to $223,000. There are only three months of inventory available in the 92251 zip code, so it's a seller's market, even if sales are flat.
Comments:

$480K  
With a determined upward trend of new sellers listing homes, including 30 over the last 30 days, and sales that have fallen to 17 in that same time frame, the 92251 zip code market will be more selective. Prices are rising in the 92251 zip code, and the median sales price this period increased from $238,000 to $255,000. In spite of the decrease in sales, a low three months of inventory signals that the 92251 zip code is a seller's market.
Comments:

$277K  
With 21 homes sold in the 92251 zip code market over the last 30 days, we see no change from last week's numbers. However, 30 new listings came into the market. Potential buyers should note that prices went up in the 92251 zip code, with the median for this period rising from $227,000 to $238,000. In spite of flat sales, a low two months of inventory signals that the 92251 zip code is a definite seller's market.
Comments:

$240K  
With a solid upward trend of new sellers listing homes, including 26 over the last 30 days, and sales that have fallen to 17 in that same time frame, the 92251 zip code market will be getting more competitive. Potential buyers should note that prices are coming down in the 92251 zip code, and for this period the median sales price slid from $261,000 to $259,000. There are only three months of inventory available in the 92251 zip code, so it's a seller's market, even with the decrease in sales.
Comments:

$125K  
Over the last 30 days, 18 homes were sold in the 92251 zip code market, up 38.5%. However, the market is still in an identifiable downward trend overall. All indications show that the trend may be coming to an end, meaning more sales over the next few weeks. The median sales price dropped to $253,000, down from last week's $262,000. With just three months of inventory available and sales going up, the 92251 zip code is a seller's market.
Comments:

$281K  
The 92251 zip code market stayed sluggish with 11 homes sold in the last 30 days, a 26.7% sales drop. On the other hand, the close-by 92243 zip code registered 37 homes sold in the same period, the most of all surrounding zip codes. Months of inventory in the 92251 zip code shot up to four but prices came down, as the median sales price dropped to $265,000.
Comments:

$323K  
The 92251 zip code market will be getting more competitive in the short term. Sales have fallen this week to 12 homes sold over the last 30 days, and there is also a new upward trend of new listings, with 18 going live in the same time frame. At the same time that more new listings came into the market, the average selling price also hit a milestone at $271,000, a three-month high.
Comments:

$249K  
The population of the 92251 zip code is growing faster than the rest of California, at a 10-year growth rate of 48.1%. It's an average-sized zip code compared to the rest of the state, with 20,245 residents. With a median age of 12 years, homes in the 92251 zip code tend to be relatively new.
Comments:

$125K  
In this week's report, the number of homes sold in the 92251 zip code market fell to 13 over the past 30 days, a decrease of 7.1% from last week's report. In comparison, the nearby 92243 zip code had 19 sales in the same time frame, the most of all neighboring zip codes. The median sales price climbed to $257,000, up from last week's $244,500. With only three months of inventory to sell, the 92251 zip code is a seller's market, in spite of the dip in sales.
Comments:

$125K  
The 92251 zip code market showed continued softness over the last 30 days, as sales fell 43.5% to 13 homes, the lowest amount in three months. When comparing other close-by zip codes within the same period, the most came from the 92243 zip code with 15 sales. The median sales price in the 92251 zip code rose to $257,000 while months of inventory shot up to four.
Comments:
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