Newcastle, Ca Homes for Sale and June - August 2007 Statistics

Newcastle, Ca Homes for Sale

The number of homes for sale in Newcastle, Ca has decreased since July 15th. The average and median asking prices have both decreased, but the average asking price per square-foot has increased.

The least expensive home for sale in Newcastle, Ca is a 1,380 square-foot bank repo on Threlkel Street, which is listed for $259,900. The most expensive home for sale in Newcastle, Ca is a 1,754 square-foot home on 59.38 acres on Highway 193, which can possibly be split into 5 acre parcels and is therefore priced for $4,600,000. To view the photos and details for these homes, along with all other homes for sale in Newcastle, CA, click Newcastle, Ca homes for sale.

Newcastle, CA Homes Pending Sale

The number of homes pending sale in Newcastle, Ca has more than doubled since July 15th.

Newcastle, CA Homes Sold Between June and August 2007 vs. March through May 2007

   

When compared to the preceding 3 month period, Newcastle, CA home sales declined between June and August, 2007. Average and median sales prices declined, along with average sales price per square-foot. The average number of days on market increased by 32 days. On average, Newcastle home sellers accepted offers that were a lower percentage of their asking price, but had to reduce their asking price by a lower percentage before they received an offer. The number of months projected inventory increased from 11.79 months to 15.33 months. 

The least expensive home that sold in Newcaslte, Ca between June and August 2007 was a 2,058 square-foot short sale on Bald Hill Road, which sold for $516,100 after being listed for $539,000. The most expensive home that was sold in Newcastle, Ca between June and August 2007 was a 3,300 square-foot home on Kentucky Greens Way, which sold for $1,050,000 after being listed for $1,125,000.

Newcastle, CA Homes Sold Between June and August 2007 vs. June through August 2006

When compared to the 3 month period between June and August 2006, Newcastle, CA home sales more than doubled between June and August, 2007. Average and median sales prices declined, along with average sales price per square-foot. The average number of days on market increased by 6 days. On average, Newcastle home sellers accepted offers that were a higher percentage of their asking price, but they had to reduce their asking prices by a larger percentage before they received an offer.

Summary

The number of listings in Newcastle has declined. The number of pending sales has increased. The number of sales is down compared to the preceding 3 months, but is up compared to 2006. Prices are down, average days on market is up and projected inventory going forward is higher than during the preceding 3 months.

If you have any questions regarding these statistics or if you are interested in buying or selling a home in Newcastle, Ca, please feel free to call us at 916-728-1981, e-mail us at [email protected] or leave a comment below.