Current Market Statistics
June 1, 2011
 
 
Current market statistics for the Bishop, California area (radius of 20 miles) per the Bishop Listing Service there are presently:
 
                        Homes Available:                               67
                        Homes In Escrow                               17
                        Homes Sold  1/1/11-5/31/11              37   
 
Average Days on Market for Sold Homes
1/1/08-12/31/08 = 140
1/1/09 - 12/31/09 = 129
1/1/10 - 12/31/10 = 75
1/1/11 – 5/31/11 = 108
 
Average Sales Price
1/1/07-12/31/07 = $413,982
1/1/08-12/31/08 = $359,409
1/1/09 - 12/31/09 = $327,055
1/1/10 – 12/31/10 = $289,834
1/1/11 – 5/31/11 = $246,927
 
 
105 homes sold (closed escrow) in 2010.
95 homes sold (closed escrow) in 2009.
95 homes sold (closed escrow) in 2008.
Average number of homes sold per month 2008 & 2009 = 7.9
Average number of homes sold per month for 2010 = 8.75
 
Average number of homes sold per month for 2011 = 7.4
 
Current Market Supply = 9 months
 
(Although we know this is unrealistic the process to calculate market supply is the following: If no more homes came on the market it would take 9 months to sell 67 homes at the current rate of 7.4 sales each month.)

 

Randi Pritchard, Real Estate Professional in Bishop California for Eastern Sierra Realty. Reach us at 760-873-4161.