Lake View Terrace Market at a Glance: September vs. August
Welcome to the Lake View Terrace Market at a Glance, where we break down the real estate statistics for this picturesque community in California. As we delve into the numbers for September 26 and compare them to August 26, you’ll gain valuable insights into the current state of the market. I’m Robbyn, your guide to understanding these statistics from both sides of the real estate spectrum.
September 26 Stats:
- Homes for Sale: 12
- Median List Price: $824,998
- Average Price per Square Foot: $681
- Closed Sales (Past 30 Days): 6
- Median Sale Price: $902,500
- Average Market Time: 16 days
Analysis for September:
- An increase in available homes for sale indicates a growing inventory.
- The median list price has decreased, possibly attracting more potential buyers.
- Although the average price per square foot has dipped, it remains relatively strong.
- Closed sales have doubled compared to August, suggesting increased activity.
- The median sale price remains steady, indicating stability in the market.
- The average market time has slightly increased but is still favorable for sellers.
August 26 Stats:
- Homes for Sale: 5
- Median List Price: $1,199,999
- Average Price per Square Foot: $773
- Closed Sales (Past 30 Days): 4
- Median Sale Price: $907,500
- Average Market Time: 13 days
Analysis for August:
- A smaller inventory in August may have contributed to higher list prices.
- The median list price was notably higher than in September.
- The average price per square foot was also higher, indicating a premium market.
- Closed sales were fewer, potentially due to limited supply.
- The median sale price in August was slightly higher than in September.
- Homes sold quickly, with an average market time of just 13 days.
Comparison:
Comparing the two 30-day periods, we observe changes in the Lake View Terrace market. September has seen an increase in homes available for purchase, with a lower median list price and average price per square foot. Closed sales have doubled, with a median sale price remaining steady. While the average market time increased slightly, it’s still favorable for sellers.
In conclusion, Lake View Terrace offers a unique blend of rural living with easy access to amenities. The community boasts some of the best horse trails, a stunning golf course, and proximity to major cities. Whether you’re buying or selling, these insights into the local market can help you make informed decisions.
If you’re considering buying or selling a home in Lake View Terrace, now is the time to seize the opportunity. With a growing inventory and favorable prices, it’s the perfect moment to make a move. Reach out to me today, and let’s discuss your real estate goals. I have over 30 years of experience in the industry and can provide you with expert guidance every step of the way. Whether you’re a first-time buyer or a seasoned investor, I’m here to help you navigate the Lake View Terrace real estate market. Don’t miss out on your chance to experience the best rural living with all the necessary amenities. Contact me, Robbyn Battles, and let’s make your real estate dreams a reality.