As of April 19th there are 51 single family homes actively listed for sale on the Multiple Listing Service … one less than last month. The number of homes in escrow increased by 8 to 34. The average days on market (DOM) for active listings dipped by one to 71 and the average DOM for listings in escrow decreased by 9 days to an average of 72 days.
The average list price for the active listings is $1,716,630 … an increase of 10% from last month and 79% higher than the average sales price in March. Of the 51 current listings, 12 (23.5%) are listed below March’s average sale price of $956,988 and 39 (76.5%) are listed above that average sale price. The average list price for the homes in escrow is $1,168,868 … 22% lower than March’s average sales price and 32% lower than the average list price of the active listings.
Of the 51 active single family homes there is one short pay. This remained the same as a month ago. Seven short pay homes are currently in escrow
There is one active bank-owned condo and 2 short pay condos in escrow. Two short pay Income properties are actively listed; 3 short pay and 4 bank-owned are in escrow.