THE FARMER’S MARKET

This is the fourth of a five-part analysis of real estate at Lake of the Pines, California.   In this fourth analysis, we’re going  to market and see what is for sale right now (May 21, 2012) at Lake of the Pines.

TOTAL SALES

48                     total number of homes for sale at Lake of the Pines on May 21, 2012 as reported on Paragon MLS

47                     total number of homes for sale at Lake of the Pines on May 21, 2012 as reported on Metrolist MLS

REGULAR SALES

37                    number of regular homes for sale (no foreclosures)

$1,549,000     highest priced regular home for sale

$160,000        lowest priced regular home for sale

$452,541        average priced regular home for sale

$330,000        median priced regular home for sale

105                  average days on the market (and counting–from 5 DOM to 419 DOM)

$182                average price per square foot (asking price not sold price which will be lower)

DISTRESSED SALES (foreclosures and short sales–does not include back-up shortsales)

5                       number of foreclosures and short sales

$350,000         highest priced distressed home for sale at lake of the Pines

$135,900          lowest priced distressed home for sale at lake of the Pines

$238,780          average priced distress home for sale at lake of the Pines

$244,000          median priced distress home for sale at lake of the Pines

125                    average days on the market

$101                  average price per square foot

PENDING SALES

21                     number of pending sales at Lake of the Pines

78                     average days on the market when home went into contract

$272,966         average list price when home went into contract

$137                 average price per square foot  when home went into contract

BACKUP SHORT SALES

(Backup short sales are similar to pending sales, but the offered price has not yet been approved by the lender)

9                       number of current backup short sales

165                   average days on the market when home was submitted for short sale approval

$162,211          average list price when home was submitted for short sale approval

$110                average price per square foot when home was submitted for short sale approval