30 homes sold in the area of Foothill Farms this month, an overall unit volume decrease of 16.7% year over year. Foreclosures have been drying up for a while and we are beginning to see the green shoots of a possible recovery, at least locally. Although 14 of the sold homes were still foreclosures, 8 non-distressed homes also sold as compared with none last February. Short sales also gained ground with 8 closed escrows as compared with 2 last February.

Average price per square foot is now $97.86 which is 10.1% higher than it was a year ago from $88.85. Average sales price in Foothill Farms is now $117,088 which is 16.4% higher year over year. Last February it was $100,601. Median sales price currently rests at $124,250.

Inventory in Foothill Farms is at 4.1 months based on the last year of sales and 4.4 months based on the last six months of sales. Foreclosure inventory is around 1.5 months. Short sale inventory still hovers around a year.

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