Monday Market Update: CAR® Reports Market Competition Continues
Over 50% of California properties are selling above list price.
It’s the last Monday in August and a time many would call the end of summer. Today we are reporting what we call a ‘fast fact’ feature which shares a key real estate statistic to give you an overview of where the market is at in a minute!
As you can see from the graphic below, CAR® data reveals that 50.3% of homes are selling above asking price. – and that is across the state! In San Mateo County, the average sales price is actually 104% of sales price. In addition, CAR® indicates that statewide prices are trending upward as a whole for the first time in many months. (Many individual markets have seen price increases year-over-year, but this is the first time that has occurred in the state average in almost a year.)
To see more state data, view the latest CAR® infographic and market reports here.
To see more Silicon Valley data, you can see the SAMCAR® stats here.
Hope you enjoyed our 'Monday Market Fast Fact' – if you liked this feature, let us know: bobbi@bobbidecker.com.
Have a great week,
Bobbi
Bobbi & Team
Bobbi Decker
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Broker Associate, Bobbi Decker & Associates
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650.577.3127 efax
www.bobbidecker.com
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