Current Bishop CA, Market Statistics

November 1, 2011

 

 

For the Bishop area (radius of 20 miles) per the Bishop Listing Service there are presently:

 

                        Homes Available:                               51

                        Homes In Escrow                               18

                        Homes Sold  1/1/11-10/31/11             89   

 

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 – 10/31/11 = 89

 

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 – 10/31/11 = $274,182

 

 

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 = 8.9

 

Current Market Supply = 5.7 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 5.7 months to sell 51 homes at the current rate of 8.9 sales each month.)

About Bishop California

Bishop California is a picturesque town nestled at the base of the Eastern Sierra Nevada Mountain Range, near the Nevada border. The surrounding area has a population of approximately 11,000 residents and sits at an elevation of 4,147 feet. Bishop is a popular destination point for recreational enthusiasts including, rock climbers, hikers, skiers, hunter, fisherman, landscape photographers, OHV riders and rock hounds. With some of the worlds most scenic views bishop has easy access to Mt. Whitney, Death Valley, Yosemite and Mammoth Mountain Ski Resort. Search Bishop CA Real Estate, Big Pine, and Mammoth Lakes.