Market Update for November 2022 Claremont

Here are the stats:

Total # of Homes Currently Available on the Market- 44
Pending in Escrow- 23
Closed in the last 30 days- 17
Average Days on Market- 37
November 2021 to November 2022- Prices went up 11.11%

Most expensive home to sell within the last 30 days-

648 Pomello Dr.
Sold for $2,180,000, Originally Listed for $2,888,888
Sold for 24.54% below the original asking price
6,786 sqft, 4 Bedrooms, 8 Full Baths
Pool, Tennis Court, North Claremont
Sold in 244 days

Lowest Priced Home to sell within the last 30 days-
659 S. Indian Hill Blvd. #B
Sold for $469,000, Originally Listed for $459,000
1,088 sqft of living space
Sold in 20 days

The median price in Claremont as of $875,000 according to our local MLS data. This is 11.11% higher than this time last year.

Absorption Rate- 1.45

Average time on market- from 10/10/22 to 11/10/22 homes sold in 37 days on average. During the same period last year, homes sold in 19 days.

List to Sales Price Ratio for the last 30 days- (-1.69%). This means that homes sold about 4% lower than they were listed for over the last 30 days. During this time last year, the numbers were flat. Homes sold for 0.2% above the asking price.

If I can answer any of your real estate related questions, or you are curious what all of this info means for your situation, please reach out. You may call me at 626-347-5987 or shoot me an email at [email protected].


To schedule a zoom meeting or face to face appointment, click here:
https://calendly.com/chriscervantez/3...

Chris Cervantez
DRE# 01430875
eHomes
626-347-5987
[email protected]
www.citrusvalleyhomes.com

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