Market Report on Homes for Sale in Whittier, CA – August 3, 2009

This Market Report on Whittier Homes for Sale will focus on Single Family Residences in Whittier, California.

According to the California Association of Realtors®, Whittier’s median home price in June 2009 was $295,000.00, compared to June of 2008, when it was $390,000.00, for a one year decrease in value of 24.4%.

As of today, there are 287 Single Family Residences for sale in the Whittier area.

308 homes are currently in escrow.

108 homes were sold during the month of July.

The average home sold in Whittier in July took 72 days to sell.

The average home sale price was $340,337, or an average cost per square foot of $243.97.

It would take 2.7 months, at the current rate of sales, for all the current Whittier homes on the market to sell.

A Sellers’ Market is when there is less than 5 months of supply. Whittier is currently in a very strong Sellers’ Market. This Sellers’ Market actually applies to all homes for sale in Whittier, CA that are priced under $500,000. Whittier homes for sale that are priced above $500,000 are more plentiful; and the higher the price, the more advantageous it is for the buyer being able to have more leverage and less competition from other buyers.

If you own a home in Whittier, it is a very good time to sell.

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Would you like to receive a detailed report of Whittier home sales mailed directly to you? Call (800) 385-1585, ext. 102 for a Free Recorded Message, or go to the website, http://www.Whittierhomesales.com.