Penryn Real Estate Statistics Report - September 2011

 

	1 quarter			1 year			6 years
	May 11	Aug 11	% Change	Aug 10	Aug 11	% Change	Aug 05	Aug 11	% Change
For Sale	11	13	18.2%	16	13	-18.7%	12	13	8.3%
New Listing	6	3	-50%	5	3	-40%	7	3	-57.1%
Sold	3	2	-33.3%	1	2	100%	3	2	-33.3%
Pended	4	2	-50%	3	2	-33.3%	3	2	-33.3%

The number of homes for sale in Penryn increased in August when compared to May of this year, but decreased when compared to August of last year.

The number of new listings that were added to to the market in August was lower than the number added in May and the number added to the market in August of last year.

As of September 27th, 2011 there are 2 homes listed in Penryn that are short sales in contract awaiting bank approval, compared to 2 on June 27th.

The number of homes that were pending sale in August was lower than the number of homes pending sale in May and the number that were pending sale in August of last year.

The number of homes that sold in Penryn in August was lower than the number of homes sold in May of this year, but higher than the number sold in August of last year.

To view a list and map of the recent homes that sold in Penryn, click Penryn home sales June - August 2011.

To view a current list of the homes for sale in Penryn, click Homes for Sale in Penryn.

Penryn Average Price Per Square-Foot

 

	1 quarter			1 year			6 years
	May 11	Aug 11	% Change	Aug 10	Aug 11	% Change	Aug 05	Aug 11	% Change
Avg. Sq. Ft. Price	184	254	37.9%	169	254	50.4%	353	254	-28.1%

The average price per square foot of Penryn homes was higher in August than it was in May of this year and August of last year.

Penryn Average List Price and Average Sales Price

 

	1 quarter			1 year			6 years
	May 11	Aug 11	% Change	Aug 10	Aug 11	% Change	Aug 05	Aug 11	% Change
Avg. Active Price	589	562	-4.6%	596	562	-5.7%	981	562	-42.7%
Avg. Sold Price	572	605	5.8%	405	605	49.4%	629	605	-3.8%

The average asking price for Penryn homes was lower in August than it was in May of this year and August of last year.

The average sales price of Penryn homes was higher in August than it was in May of this year and August of 2010.

Penryn Median Home Sales Price 

 

	1 quarter			1 year			6 years
	May 11	Aug 11	% Change	Aug 10	Aug 11	% Change	Aug 05	Aug 11	% Change
Median Price	564	605	7.3%	405	605	49.4%	595	605	1.7%

The median sales price of homes in Penryn was higher in August when compared to May of this year and when compared to August of last year.

Penryn Number of Months of Housing Inventory

 

	May 11	Aug 11	% Change	Aug 10	Aug 11	% Change	Aug 05	Aug 11	% Change
Months of Inventory (Closed Sales)	3.7	6.5	75.7%	16	6.5	-59.4%	4	6.5	62.5%

The inventory of homes for sale in Penryn, when calculated using the number of homes for sale compared to the number of homes that have recently sold, stands at 6.5 months, which is higher than May of this year, but much lower than in August of last year.

Penryn Average Days on Market and Sales Price to List Price %

 

	1 quarter			1 year			6 years
	May 11	Aug 11	% Change	Aug 10	Aug 11	% Change	Aug 05	Aug 11	% Change
Avg. CDOM	56	50	-10.7%	57	50	-12.3%	0	50	n/a
Sold/List Diff. %	101	97	-4%	100	97	-3%	100	97	-3%

Average consecutive days on market for Penryn homes sold in August was lower than in May of this year and August of last year.

The average discount negotiated off the list price of Penryn homes was 3% in August compared to a 1% average increase in price in May and 0% discount in August of last year.

If you have any questions about the statistics provided in this report, or if you are interested in buying or selling a home in Penryn, please feel free to call us at 916-728-1981.

*All reports are published September. 2011, based on data available at the end of August. 2011.
All reports and graphs presented  were created by www.TrendGraphix.com and are based on data supplied by the Metrolist MLS. The Metrolist MLS does not guarantee or is not in anyway responsible for its accuracy. Data maintained by the Metrolist MLS may not reflect all real estate activities in the market. Information deemed reliable but not guaranteed.