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

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