Pollock Pines Real Estate Market Update
During September of 2005, 23 residential units were listed at an average price of ($383,530), and sold for 100% of list ($383,691 – pardon our rounding). The median sale price was $360,000.
As we’ve seen in most (not all) of the other markets that we’ve examined, homes sold in Pollock Pines this year were bigger, on average, than last years. The difference bears a cautionary tale about appreciation statistics. On the face of it, last year’s average sale price of $274,963 seemed to grow by 39.5% to this year’s average of $383,691. But this year’s “average” home sold in September was also some 25% bigger than last year’s. Adjusted for this difference, Pollock Pines turned in an appreciation for the last year of 11.4%, which is exactly in line with what we’ve seen in other markets.
