Granite Bay Homes for Sale and May - July 2007 Statistics

Granite Bay Homes for Sale

The least expensive home for sale in Granite Bay is a 1,334 square-foot home on Hillgrove Street, which is listed for $334,500. The most expensive home for sale in Granite Bay is a 8,500 square-foot home on 3.5 acres in Los Lagos, which is listed for $7,900,000. To view the details on these homes, along with all other homes for sale in Granite Bay, click Granite Bay homes for sale.

Granite Bay Homes Pending Sale

Granite Bay Homes Sold Between May and July 2007 vs. February to June 2007

The least expensive home that sold in Granite Bay between May and July, 2007 was a 1,248 square-foot home on Greenhills Way, which sold for $325,000 after being listed for $340,000. The most expensive home that was sold in Granite Bay between May and July 2007, was a 7,000 square-foot home on 3.2 acres on Eureka Road, which sold for $3,350,000 after being listed for $3,299,900.

Granite Bay Homes Sold Between May and July 2007 vs. May to July 2006

Summary

The number of homes for sale in Granite Bay has increased slightly since May 3rd, 2007. The number of homes pending sale in Granite Bay has increased by a larger percentage. The number of homes sold in Granite Bay between May and July 2007 was higher than the number of homes sold in Granite Bay between February and June 2007, but it was less than the number of homes sold in Granite Bay between May and July 2006.

The average and median asking prices for Granite Bay homes have both increased since May 3rd 2007. The average and median sales prices increased as well between May and July 2007 when compared to February to June 2007 and May to July 2006.

The average asking price per square-foot decreased by $4 in Granite Bay since May 3rd 2007. The average sales price per square-foot in Granite Bay decreased by $1 between May and July 2007 when compared to February through June 2007 and it decreased by $12 when compared to May through July 2006.

The average number of days on market for homes sold in Granite Bay between May and July 2007 was over 30% lower than the average days on market between February and June 2007 and it was equal to the average number of days on market between May and July 2006.

The projected number of months inventory in Granite Bay remained stable between May 3rd 2007 and August 12th 2007. This was due to a proportionately large increase in both homes for sale and homes sold in Granite Bay during the May through July period.

The increase in the number of homes pending sale in Granite Bay and the relative stability of the projected number of months inventory indicates that there will probably be continued stability in the Granite Bay market during the next few months.

If you have any questions regarding these statistics or if you are interested in buying or selling a home in Granite Bay, please feel free to call us at 916-728-1981, e-mail us at pat@patandalison.com or leave a comment below.