Poway Luxury Real Estate Marketing Report
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poway-luxury-real-estate-market-report

Poway Luxury Real Estate Marketing Report

Here is your luxury Market report for May 2016. This report includes homes sold for over $1,000,000 in 92064 from Nov. 2015 through April 2016.

Click here to download the PDF.

HOMES FOR SALE VS. SOLD ($1M+)

Poway homes for sale vs sold

April 2016 is a Buyer’s market*

Home For Sale in April 2016: 57 units.

  • Up 1.8% compared to the last month

Home Closed in April 2016: 7 units.

  • Down 58.8% compared to the last month

Home Placed under Contract in April 2016: 17 units.

  • Up 54.5% compared to the last month

*Buyer’s market: more than 6 months of inventory based on closed sales
Seller’s market: less than 3 months of inventory based on closed sales
Neutral market: 3 – 6 months of inventory based on closed sales


AVERAGE PRICE PER SQUARE FOOT ($1M+)

price per square foot poway luxury

April 2016 Average Sold Price per Square Footage is Appreciating*

Average Sold Price per Square Footage in April 2016: $328

  • Up 6.8% compared to the last month

*Based on 6 month trend – Appreciating/Depreciating/Neutral


DAYS ON MARKET & SOLD VS. LIST PRICE ($1M+)

days-on-market_053116_1M

April 2016 Average Days on Market trend Remains Steady*

Average Days on Market in April 2016: 21

  • Down 70% compared to the last month

April 2016 Sold/Original List Price Ratio is Rising*

Sold/Original List Price % in April 2016: 96%

  • Up 2.1% compared to the last month

*Based on 6 month trend – Rising/Falling/Remains Steady


AVERAGE PRICE SOLD VS. FOR SALE ($1M+)

avg-price-sale-vs-sold_053116_1M

April 2016 Average For Sale Price is Depreciating*

Average For Sale Price (in thousand) in April 2016: $2352

  • Down 2.6% compared to the last month

April 2016 Average Sold Price is Depreciating*

Average Sold Price (in thousand) in April 2016: $1359

  • Down 15% compared to the last month

*Based on 6 month trend – Appreciating/Depreciating/Neutral


MONTHS OF INVENTORY ($1M+)

months-of-inventory_053116_1M

April 2016 is a Buyer’s market*

Months of Inventory based on Closed Sales in April 2016: 8.1

  • Up 145.7% compared to the last month

*Buyer’s market: more than 6 months of inventory based on closed sales
Seller’s market: less than 3 months of inventory based on closed sales
Neutral market: 3 – 6 months of inventory based on closed sales


Click here to download the PDF.