Home Prices in Placentia, CA
Placentia's single family home (SFR) housing Active inventory decreased from 3 months ago. Pending sales and closed sales declined from 3 months ago. The statistics below are accurate as of 2/2/12.
The table below is for Single Family Homes (SFR).
Below is the recent market activity and prices for Placentia condominiums and townhomes.
Days on the Market
Days on Market is the period of time from the listing of the property for sale in the Multiple Listing service and either being sold or taken off the market. The Days on Market numbers should be taken into consideration with the Active Inventory and Average Sales Price numbers in order to make an informed decision regarding where the overall market is trending.
A low number of Days on Market indicates that the market is very active because either the prices are very desirable or the inventory levels are very low and the demand for the property is strong. In these circumstances, the average sales price would tend to rise. High inventory and decreasing average sales price will typically be accompanied by a larger Days on Market number.
Average Sales Price
The Average Sales Price is determined by analyzing the final selling prices of the properties sold in a specific market area within a 30 day period. The average sales price should not be taken as the definitive present "fair market value." There are several qualities to take into consideration, i.e.: square footage, year built, number of bedrooms and baths, location, etc., that will contribute to the actual appraisal value of the home. It is, however, a strong indicator of the trends in a given market area.
As with Active Inventory, fluctuations in the values may be of benefit to either the buyer or the seller. Scarcity of inventory will often coincide with higher average sales prices. When the average sales price starts to drop, the inventory will often increase, thus giving buyers greater leverage when negotiating a transaction.
December 2011 Stats
Placentia's single family home (SFR) housing inventory increased slightly from 3 months ago. Pending sales and closed sales declined sharply from 3 months ago. The statistics below are accurate as of 1/7/12.
The table below is for Single Family Homes (SFR).
Below is the recent market activity and prices for Placentia condominiums and townhomes.
Days on the Market
Days on Market is the period of time from the listing of the property for sale in the Multiple Listing service and either being sold or taken off the market. The Days on Market numbers should be taken into consideration with the Active Inventory and Average Sales Price numbers in order to make an informed decision regarding where the overall market is trending.
A low number of Days on Market indicates that the market is very active because either the prices are very desirable or the inventory levels are very low and the demand for the property is strong. In these circumstances, the average sales price would tend to rise. High inventory and decreasing average sales price will typically be accompanied by a larger Days on Market number.
Average Sales Price
The Average Sales Price is determined by analyzing the final selling prices of the properties sold in a specific market area within a 30 day period. The average sales price should not be taken as the definitive present "fair market value." There are several qualities to take into consideration, i.e.: square footage, year built, number of bedrooms and baths, location, etc., that will contribute to the actual appraisal value of the home. It is, however, a strong indicator of the trends in a given market area.
As with Active Inventory, fluctuations in the values may be of benefit to either the buyer or the seller. Scarcity of inventory will often coincide with higher average sales prices. When the average sales price starts to drop, the inventory will often increase, thus giving buyers greater leverage when negotiating a transaction.
November 2011 Statistics
This page is dedicated to helping you track the latest Home Prices and sale trends in Placentia, CA.
Placentia's single family home (SFR) housing inventory decreased slightly from 3 months ago. Pending sales declined sharply from 3 months ago.
The table below is for Single Family Homes (SFR).
Below is the recent market activity and prices for Placentia condominiums and townhomes.
Days on the Market
Days on Market is the period of time from the listing of the property for sale in the Multiple Listing service and either being sold or taken off the market. The Days on Market numbers should be taken into consideration with the Active Inventory and Average Sales Price numbers in order to make an informed decision regarding where the overall market is trending.
A low number of Days on Market indicates that the market is very active because either the prices are very desirable or the inventory levels are very low and the demand for the property is strong. In these circumstances, the average sales price would tend to rise. High inventory and decreasing average sales price will typically be accompanied by a larger Days on Market number.
Average Sales Price
The Average Sales Price is determined by analyzing the final selling prices of the properties sold in a specific market area within a 30 day period. The average sales price should not be taken as the definitive present "fair market value." There are several qualities to take into consideration, i.e.: square footage, year built, number of bedrooms and baths, location, etc., that will contribute to the actual appraisal value of the home. It is, however, a strong indicator of the trends in a given market area.
As with Active Inventory, fluctuations in the values may be of benefit to either the buyer or the seller. Scarcity of inventory will often coincide with higher average sales prices. When the average sales price starts to drop, the inventory will often increase, thus giving buyers greater leverage when negotiating a transaction.
