July 2009 Housing Stats for Imperial County CA compared to July 2008

July 2009 Housing Stats for Imperial County compared to July 2008

Housing Stats for Imperial County, CA (also known as Imperial Valley, CA)

Recently I reviewed listing service data for JULY Housing Sales stats for Imperial County, CA
homes, including condo/townhomes (attached) and single family (detached) homes and compared them to housing stats of July 2008 to spot any significant trends of use to my readers, potential home buyers, and investors. The following is a compilation of my analysis comparing July 2008 and July 2009.

July 2008 - The number of SOLD homes: 76
July 2009 - The number of SOLD homes: 125
Increase of 39.2% from 2008

July 2008 - Average SOLD price: $204,359
July 2009 - Average SOLD price: $126,485
Decrease of 38.1% from 2008

July 2008 - The Median SOLD price: $196,000
July 2009 - The Median SOLD price: $128,500
Decrease of 34.4% from 2008

July 2008 - Average SOLD Price % ~vs~ Listing Price:98.13%
July 2009 - Average SOLD Price % ~vs~ Listing Price: 99.66%
Virtually unchanged - Increase of 1.5% from 2008

July 2008 - Average PRICE per Square Foot: $111.65
July 2009 - Average PRICE per Square Foot: $77.60
Decrease of 30.5% from 2008

July 2008 - Average MARKETING Time (known as DOM): 103 Days
July 2009 - Average MARKETING Time (known as DOM): 65 Days
Decrease of 36.9% from 2008

July 2008 - Average SALES Cycle Time (known as True DOM): 174 Days
July 2009 - Average SALES Cycle Time (known as True DOM): 71 Days
Decrease of 145% from 2008

Sales by City/2008/2009
===================
El Centro - 25 / 23
Brawley - 5 / 20
Calexico - 22 / 24
Calipatria - 0 / 1
Heber - 4 / 14
Holtville - 3 / 4
Imperial -14 / 37
Salton City - 2 / 2
Seeley - 1 / 0
Westmorland -0 / 0
TOTAL: 76 / 125

If you have questions about the Imperial Valley area, please feel free to contact me if you're thinking about buying, selling, short sale, or want to modify your mortgage to your Imperial County, CA home.

I'd like the opportunity to provide you with up to date information, along with a customized housing
market analysis and plan that will surely keep you ahead of the real estate cycle curve.

Looking to buy a home? Get your own customized Home Search for up-to-date information of homes that fit your home buying needs in all areas of Imperial County including foreclosures, bank owned, REO, short sale, and market listing homes. Some homes may be probate or estate sales, as well there may be fixer-upper homes at various price levels from $15,000 to $250,000 depending on the area, style, size, age and condition of the home.

Thanks,
Frederic Din, REALTOR(r)
Your Imperial Valley Housing Specialist
619-241-4415 cell
info@ivforeclosures.com

http://imperialvalleyreo.com

All information herein is deemed accurate, has not been verified and is not guaranteed.