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30 Aug

Pocket Area Real Estate Market Update: July 2009

Posted August 30th, 2009 | View Comments

The Greenhaven or Pocket Area as it is fondly referred to has had an interesting month of real estate sales in July. Foreclosure sales have fallen by 22.2% but overall unit sales are higher by 3.4% year over year, partially because of the non-distressed sales in the area. 30 homes sold this month of which just 7 were foreclosures, 2 were short sales and 21 were non-distressed sales. This means 70% of all sales in Greenhaven are now non-distressed sales.

Average sold price per square foot is at $169.66 which is 11.7% lower than a year ago when it averages $192.13. Average sales price is $335,676, also lower – 13.6% exactly – than last July’s high of $388,500. Median sales price rests at $333,500 which is 8% lower year over year from last July’s $362,500.

Inventory in the 95831 zip code is at 4.5 months. Foreclosure inventory is at 1.1 months and 1.2 months depending on how you look at it.

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