$1.6M  
Sales fell in the 93405 zip code market to 26 homes sold over the last 30 days. It's also under a budding downward trend in the number of contracts closing, with this week's number falling to 23. All indications show that the trend should continue, meaning less pending transactions over the next few weeks. Perhaps due to the contracts numbers, months of inventory is on a four-week upswing, this week hitting two months. Despite the falling contracts numbers, the low inventory indicates that the 93405 zip code is still a definite seller's market.
Comments:

93405 is a larger than average zip code in California with a population of 33,837 residents, and it has an average density compared to the rest of the state, with 292.7 people per square mile. It should be noted that at 54.9%, most homes are being rented in the 93405 zip code. The top school in the zip code is Teach Elementary School.
Comments:

$635K  
Over the last 30 days, a confirmed downward trend of new sellers coming into the 93405 zip code market continued, with 29 listings in this week's report. Meanwhile, sales fell, with 27 homes selling during the same period. The median sales price remained unchanged over the latest reporting period for the 93405 zip code, coming in at $655,000. There are only two months of inventory available in the 93405 zip code, so it's a definite seller's market, even with the decrease in sales.
Comments:

$2M  
Sales in the 93405 zip code market rose to 31 homes sold over the last 30 days, while the number of sellers reducing their list prices reached 12, which continues a new upward trend in price reductions. The median sales price dropped to $655,000 over the latest reporting period for the 93405 zip code, down from $718,633. With only one month of inventory and rising sales, the 93405 zip code is a solid seller's market.
Comments:

$699K  
Over the last 30 days, the 93405 zip code market warmed up with 32 homes sold, a 23.1% increase from last week's report. Within the same time frame, the 93422 zip code had 45 sales, the most of all zip codes in the area. The median sales price climbed to $726,500 over the latest reporting period for the 93405 zip code, up from $711,500. Along with the increase in sales, the fact that there is a lower-than-normal one month of inventory indicates that the 93405 zip code is a definite seller's market.
Comments:

$549K  
Over the last 30 days, the 93405 zip code market was solid with 25 homes sold, a 19.0% increase from last week's report. In comparison, the nearby 93422 zip code had 43 sales in the same time frame, the most of all neighboring zip codes. The median sales price climbed to $723,000, up from last week's $700,000. With just two months of inventory available and sales going up, the 93405 zip code is a solid seller's market.
Comments:

The 93405 zip code has a cost of living adjustment score of 156.8, which is expensive when compared to others in California. Also, the area is considered less affluent than average with a median income of $43,518 per household. Homes in the 93405 zip code are relatively old with a median age of 37 years. The top school in the zip code is Teach Elementary School.
Comments:

$3.3M  
Despite a 17.4% drop in sales over the last 30 days, the 93405 zip code market extended a six-week hot streak with a total of 19 homes sold in that span. All indications show that the trend may be coming to an end, meaning less sales over the next few weeks. The median sales price rose to $700,000, up from last week's $650,000. Despite the slip in sales, a relatively low two months of inventory indicates that the 93405 zip code is a solid seller's market.
Comments:

$699K  
The 93405 zip code market looked very healthy in this week's report, as the number of home sales jumped 27.8%, pushing the total to 23 homes sold over the last 30 days. In comparison, the nearby 93422 zip code had 32 sales in the same time frame, the most of all neighboring zip codes. Prices are rising in the 93405 zip code, and the median sales price this period increased from $639,500 to $650,000. The rising sales and a low one month of inventory point to the 93405 zip code being a definite seller's market.
Comments:

$839K  
Over the last 30 days, sales in the 93405 zip code market remained at their current pace of 17 homes. However, the amount of pending transactions continued to improve, reaching a total of 36 during the same period. A months of inventory number of two reported this week continued a four-week downward trend, likely due to the strong contracts numbers in the area. With such low levels of inventory, the 93405 zip code is still a definite seller's market, in spite of the dip in sales.
Comments:
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