Fountain Valley homebuying cooled by 33 percent as pricing dipped in August.
Here are highlights of ReportsOnHousing house-hunting data for resales of existing detached and attached residences in the community. This analysis includes August trends based on closed sales: sale counts; average price vs. average list price; high and low price paid in the month; average cost per square foot and average size; plus, based on broker listing networks stats on Sept. 7, the “market time” metric comparing supply of listings to new escrows opened in past 30 days.
In Fountain Valley …
Sales: 37 sold vs. 56 a year ago.
Average sales price: $685,445 that ranked No. 28 out of 46 Orange County markets tracked and was down 2.5 percent in a year.
Compared to list: Sellers got 99.4 percent of what they typically asked for, ranking No. 11 of the 46 markets.
Range: High sale of $1,375,000 vs. the $309,900 low.
Sizing: On average, buyers paid $385 per square foot on a 1,782 square-foot residence. This pricing metric was up 2.3 percent in a year.
Market speed: 29 days, listing to escrow opened vs. 42 days a year ago and 42 days two years ago.
Compare those patterns to countywide trends …
Sales: 3,110 sold vs. 3,069 a year ago, up 1 percent.
Average sales price: $831,964 — up 5.8 percent in a year.
Compared to list: Sellers got 98.1 percent of what they asked for.
Range: High sale of $21 million vs. $58,500 low.
Sizing: $447 per square foot (on a 1,863 square-foot residence), up 5.6 percent in a year.
Market speed: 64 days vs. 78 a year ago and 80 two years ago.
How much housing can you buy for $350,000?