Bob Willis

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.

For Whittier real estate, see Whittier Welcomes You, or my other website about Southern California Real Estate. Want to have MLS access to beat other buyers to your dream home? Sign up with no obligation at my ListingBook website.

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.

This Market Report is for Whittier, California.

This Market Report on Whittier Homes for Sale will focus on Single Family Residences in Whittier, California. It does not include condominiums or Multifamily Residences.

As of today, there are 232 Single Family Residences for sale in the Whittier area.

109 homes were sold during the month of September. Over the past three months, 316 homes were sold.

The average home sale price was $364,420, at an average cost per square foot of $242.78.

296 homes are currently in escrow, which is significant because more homes are in escrow right now than are for sale.

It would take 2.1 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.

So, 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 taking longer to sell. The higher the price, the more advantageous it is for the buyer being able to have more leverage and less competition from other buyers.

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Thank you for reading my Whittier Real Estate Market Report. If you like my blog, make sure you subscribe to my RSS feed to get the latest Whittier real estate and Southern California real estate news from Bob Willis.

Parnell Park, Whittier, California

Located at 15390 Lambert Road, Parnell Park is bordered by Lambert, Scott and Mulberry.

Parnell Park is spacious, and has lots of picnic tables, barbecues and outdoor sinks for people who want to have a picnic. If you have a large group, you can reserve a section of tables by calling Whittier Park Department at (562) 464-3375.

The zoo has chickens, goats, Shetland ponies, geese and a few other barnyard animals. They are quite confined. There are not very many animals, but it does give city folk the opportunity to see some farm animals.

This Market Report is for Whittier, California.

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

As of today, there are 260 Single Family Residences for sale in the Whittier area.

98 homes were sold during the month of September.

The average home sale price was $358,858, or an average cost per square foot of $250.81.

289 homes are currently in escrow, which is significant because more homes are in escrow right now than are for sale.

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.

So, 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 taking longer to sell. The higher the price, the more advantageous it is for the buyer being able to have more leverage and less competition from other buyers.

© Robert E. Willis

Many potential home buyers are looking for a great deal. That is why many of them are thinking about buying a bank repo or a short sale property. Many buyers may be surprised that the best deals out there may actually be owner occupied homes in great condition that are priced a little bit higher than bank repos, and a lot higher than many short sales.

Number One: Since you can make a decision immediately, buyers don’t have to wait for days, like they do for a bank owned property, or for weeks or months, like they may have to do with a short sale.

Number Two: Most sellers are willing to counter a fairly good offer. If a bank repo has 6, 12 or 24 offers, they don’t even bother to counter most offers.

Number Three: Your home is probably in better condition than a bank repo.

Number Four: You have spruced up the house, and it looks like a very welcome home.

Number Five: You have staged your home to make potential buyers love it.

Number Six: Many bank owned properties will require too much money in repairs just to get them up to neighborhood average condition. I have seen many bank owned properties that will require $30,000 or more in repairs or upgrades next door to upgraded homes that won’t require any work that are priced within $10,000 of each other.

Number Seven: Often, banks will not do any repairs or pay for any termite treatment.

Number Eight: Your house still has all the appliances; and they actually work.

Number Nine: Your house still has toilets.

Number Ten: Your house is clean, furnished and looks lived in. It’s a home that someone wants to make their home.