Market Report on Homes for Sale in Whittwood, Whittier, CA – November 6, 2009

This Market Report is for the Whittier, California neighborhood known as Whittwood. Here is information about Whittwood homes for sale, as well as homes that have sold in Whittwood.

First, let me tell you what part of Whittier I am talking about. The Whittwood area is bordered on the west by Colima Road, on the north by Whittier Boulevard, on the east by First Avenue and on the south by Lambert Road. Basically, the Whittwood neighborhood is centered around the Whittwood Town Center, south of Whittier Boulevard. All homes referenced in this article are within this Whittwood neighborhood.

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

As of today, there are 3 Single Family Residences for sale in the Whittwood area.

Seven homes are currently in escrow.

Two homes were sold during the month of October.

The average home in Whittwood that sold in October took 32 days to sell.

The average home sale price was $398,750, or an average cost per square foot of $305.56.

Over the past six months, 31 homes were sold in Whittwood, with an average sale price of $378,690, a cost per square foot of $259.91, and 31 days to sell.

It would take 1.5 months, at the current rate of sales, for all the current Whittwood homes on the market to sell.

A Sellers’ Market is when there is less than 5 months of supply. Whittwood 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 Whittwood, it is a very good time to sell. Demand is high, and there are lots of buyers in this price range looking for their first home.

Below are details of Whittwood Home Sales over the past year.

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Thank you for reading this Market Report on Homes for Sale in Whittwood, Whittier, California. If you like my blog, make sure you subscribe to my RSS feed to get the latest Whittier and Southern California real estate news from Bob Willis.

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I provide service for Whittier real estate, as well as for La Habra, La Habra Heights, La Mirada, Norwalk and Santa Fe Springs.

I can be reached via email at bob@willisrealtor.com or by phone at (562) 639-9400.