$175K  
There were 15 home sales in the 92251 zip code market over the last 30 days. At the same time, the 92243 zip code reported 20 home sales, the highest number from all the surrounding zip codes. Prices are coming down in the 92251 zip code, as the median sales price dropped to $245,000, while months of inventory also shrunk to four.
Comments:

$175K  
Home sales in the 92251 zip code market remained cold in this week's report as they dropped 14.3% to 12 homes sold over the last 30 days. Meanwhile, the 92243 zip code reported 19 home sales, the highest number from all the surrounding zip codes. Prices are rising in the 92251 zip code, and the median sales price this period increased from $251,500 to $269,939.
Comments:

$175K  
More sellers put their homes up for sale in the 92251 zip code market over the last 30 days and the number of new listings rose this week to 21. Home sales remained unchanged from the prior period and once again 14 homes were sold. The median sales price continued to fall, hitting a three-month low at $251,500.
Comments:

$233K  
Home sales in the 92251 zip code market remained sluggish in this week's report as they dropped 36.8% to 12 homes sold over the last 30 days. Meanwhile, the 92243 zip code reported 23 home sales, the highest number from all the surrounding zip codes. The median sales price dropped to $243,500, down from last week's $259,000.
Comments:

$335K  
The 92251 zip code market broke below its 12-month average sales volume this week as sales dropped 21.7% to hit 18 homes sold over the last 30 days. On the other hand, the close-by 92243 zip code registered 20 homes sold in the same period, the most of all surrounding zip codes. Months of inventory in the 92251 zip code spiked to four but prices came down, as the median sales price dropped to $257,000.
Comments:

$233K  
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. Homes in the 92251 zip code are relatively new with a median age of 12 years.
Comments:

$242K  
The 92251 zip code market showed gains in this week's report, as the number of home sales climbed 11.1%, pushing the total to 20 homes sold over the last 30 days. At the same time, the 92243 zip code reported 24 home sales, the highest number from all the surrounding zip codes. The median sales price dropped to $257,000, potentially helping to offset the four months of inventory left to be sold.
Comments:

$288K  
There were 14 home sales in the 92251 zip code market over the last 30 days. At the same time, the 92243 zip code reported 19 home sales, the highest number from all the surrounding zip codes. The median sales price rose to $276,250 over the latest reporting period for the 92251 zip code, up from $259,000.
Comments:

$219K  
Over the last 30 days, eight homes were sold in the 92251 zip code market, down 11.1%. Additionally, the market is still in a new downward trend overall. Potential buyers should note that prices are coming down in the 92251 zip code, and for this period the median sales price slid from $305,000 to $257,000. The 92251 zip code is a definite buyer's market, due to a downward trend in sales numbers and nine months of inventory remaining.
Comments:

$419K  
The number of sellers reducing prices in the 92251 zip code market trended up to 18 over the last 30 days, extending a six-week streak. During the same period, nine sales were completed. The median sales price climbed to $305,000 over the latest reporting period for the 92251 zip code, up from $257,000. With no movement in sales and the availability of eight months of inventory, the 92251 zip code is a strong buyer's market.
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El Dorado Realty
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