Sales numbers in the 93516 zip code market remain the same with one home sold over the last 30 days and the market still shows a persistent trend downward overall. All indications show that the trend may be coming to an end, meaning more sales over the next few weeks. Pricing in the 93516 zip code remains consistent from last week to this week, with the median sales price at $85,000 again. With a downward trend in sales numbers and 11 months of inventory still left to work through, the 93516 zip code is a solid buyer's market.
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Sales fell in the 93516 zip code market to one home sold over the last 30 days. It's also under an identifiable downward trend in the number of contracts closing, with this week's number falling to zero. The median sales price climbed to $85,000, up from last week's $75,750. A downturn in contracts, coupled with the availability of 12 months of inventory, prove that the 93516 zip code is a solid buyer's market.
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$165K  
The number of home sales in the 93516 zip code market climbed 100.0% to two homes over the last 30 days, exceeding the 1.0 monthly average for the last 12 months. To put it in perspective, the close-by 93535 zip code registered 51 homes sold in the same period, the most of all surrounding zip codes. Prices are rising in the 93516 zip code, and the median sales price this period increased from $66,500 to $75,750.
Comments:

$165K  
Sales numbers in the 93516 zip code market remain the same with one home sold over the last 30 days and the market still shows a recent trend downward overall. The median sales price of all transactions in the 93516 zip code did not budge this week, remaining at $66,500. With a downward trend in sales numbers and 10 months of inventory still left to work through, the 93516 zip code is a solid buyer's market.
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93516 is a smaller-than-average zip code in California that has seen a 10.0% increase in population over the last 10 years. It also has a total population of 2,307. Homes in the 93516 zip code are older than most with a median age of 53 years. Heading the list of top schools in the zip code is Boron Junior-Senior High School.
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The number of sellers who put their homes up for sale in the 93516 zip code market over the last 30 days remained flat this week at one. Home sales also remained unchanged from the prior period and once again one home was sold. Pricing in the 93516 zip code remains consistent from last week to this week, with the median sales price at $66,500 again. The 93516 zip code is a definite buyer's market, due to a big nine months of inventory left and aided by the flat sales.
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Sales in the 93516 zip code market remained level with one home 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 zero 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. The median sales price dropped to $66,500, down from last week's $93,000. The 93516 zip code is a definite buyer's market, due to a big nine months of inventory left and aided by the flat sales.
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Over the last 30 days, an emerging upward trend of new sellers coming into the 93516 zip code market continued, with one listings in this week's report. Meanwhile, sales have fallen, with one home selling during the same period. All indications show that the trend may be coming to an end, meaning less new listings over the next few weeks. The median sales price rose dramatically to $93,000 over the latest reporting period for the 93516 zip code, up from $57,500. Along with the slip in sales, a relatively high 11 months of inventory indicates that the 93516 zip code is a solid buyer's market.
Comments:

The 93516 zip code market saw sales remain flat this week with two homes sold over the last 30 days, while new listings shot up to two. Pricing in the 93516 zip code remains consistent from last week to this week, with the median sales price at $57,500 again.
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The 93516 zip code is younger than the rest of California, with a median age of 39. It's somewhat affluent as well, with a median income of $50,395 per household. The 93516 zip code market is almost exclusively made up of detached houses, which currently account for 100% of the homes for sale in the area. The top school in the zip code is Boron Junior-Senior High School.
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