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Duarte California Real Estate: Five Years in Review
I am meeting with a Duarte home seller this morning. In preparation for the meeting or as we in real estate call a listing presentation, I looked at statistical data for real estate market performance in Duarte from 2003 and 2005.
The home sale volume dropped significantly over the last couple of years:
The most significant Duarte home price increases took place between 2003 and 2005.
The MAJOR difference between Duarte and its neighboring cities to the West is that the down-trending in home sales prices is more significant and home prices are still on the decline.
Here’s Duarte California real estate data of sold homes for 2003 to 2008 for your review:
Notice that the year ended with home sales closing at $305 per square foot. The last month of December 2008 ended at $283 per square foot – 8% lower than the average home price sold of last year. Not a good trend for Duarte home sellers, but a great opportunity for Duarte home buyers.
Duarte Real Estate Market statistics for December 2008:
Currently, there are 61 houses available for purchase in Duarte California.
SPosted by Irina Netchaev, Real Estate Agent.
Posted on January 15th, 2009
Posted in Duarte
Posted by: Irina Netchaev
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