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Alhambra Homes for Sale Report - Real Estate Activity for July 2009

See how the real estate market is doing in Alhambra...

It was an interesting month for Alhambra's real estate activity. Sales of single family homes declined a bit from June to only 14 homes sold. Condos and townhomes on the other hand had a significant increase - twice as many condos and townhome sold in July vs. June - but at a lower price per square foot. However, the number of inventory has increased for both homes, condos and townhomes.

The highest priced home sold in Alhambra in July 2009: 819 North Olive Avenue, Alhambra - sold for $576,000.

Single Family homes in Alhambra have sold at 98.72% of list price.

The highest priced condo/townhome sold in Alhambra in July 2009: 208 Palmetto Drive #E, Alhambra - sold for $498,000.

Condos and townhomes have sold at 100.80% of list price.

Alhambra Real Estate Activity for April 2009 through July 2009:

Single Family Residence	Apr-09	May-09	Jun-09	Jul-09
New Listings	13	16	20	25
Total Listings	40	41	46	59
Sales Pending	19	17	25	21
Homes Sold	31	18	16	14
Listings Expired	4	15	5	3
Average Days on the Market	165	54	50	51
Average Price Per Sq. Ft.	$323	$332	$347	$352
Median Selling Price	$455,700	$525,000	$475,000	$475,968
Average Selling Price	$496,029	$572,278	$470,813	$482,781
Absorption Rate (# of weeks to sell current inventory at present rate of sales)	5.6	9.9	12.5	18.3

Condos and Townhomes	Apr-09	May-09	Jun-09	Jul-09
New Listings	9	11	10	24
Total Listings	32	41	36	45
Sales Pending	7	15	18	13
Homes Sold	10	7	8	16
Listings Expired	6	1	7	6
Average Days on the Market	115	105	77	45
Average Price Per Sq. Ft.	$263	$286	$282	$270
Median Selling Price	$336,250	$400,000	$366,500	$391,500
Average Selling Price	$342,440	$402,686	$361,000	$362,000
Absorption Rate (# of weeks to sell current inventory at present rate of sales)	13.9	25.4	19.5	12.2