We analyze several housing market indicators in order to present an in-depth breakdown of Fullerton Homes Market comparing February 2009 to February 2010.
Summary of Key Points
Fullerton Homes for Sale has started showing signs of improvement with median sales price climbing up and sellers receiving 99% of asking price as compared to 96% last year.
Key Statistics, Fullerton, CA: Median Sales Price (23.01%), Median Days on Market (23.47%), and Number of Units Sold (-31.67%), Sales Price to List Price Ratio (Feb 09 96% – Feb 10 99%)
Fullerton Homes
The city of Fullerton experienced a 23.01% increase in median sales price from last year going up from $412,277 (Feb. 09) to $507,129 (Feb. 2010). Median days on market data for Fullerton shows that houses are selling slower than Feb 09. It took 48 days in Feb 09 for a house to sell and for Feb 10 that number has gone up to 60 days (a 23.47% deterioration). Another important factor to consider is total number of units sold. In the month of Feb 09, 60 units were sold compared to 41 for Feb 10 (-31.67% change). Lastly we are going to take a look at the Sales Price to List Price Ratio for Fullerton. SP/LP ratio for Feb 09 was 96% compared to 99% for Feb 10.
Let’s take a brief look at neighbors Anaheim and Orange. Anaheim Homes featured a 9.92% increase in median sales price ($328,698 Feb 09 – $361,317 Feb 10) and Orange Homes saw a 9.21% increase ($480,781 Feb 09 – $525,084 Feb 10). Are houses in Anaheim and Orange selling faster or slower this year? Well, Anaheim experienced a 101.52% increase (33 to 66 days) in median days on market and Orange a 120.79% increase (45 to 98 days). In the units sold category, Anaheim sold 32 units less (-24.43%) in Feb 2010 than 09 and Orange sold 19 units less (-27.14%) in Feb 2010 than Feb 09.
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