I pulled up an interesting set of statistics from the MLS today. It was a year over year comparison showing the difference of where we are today versus this time last year.
Riverside and Avondale have has substantial increases in the number of homes sold and in Ortega, there has been a decrease.
This year there have been a total of 39 homes sold in Riverside versus 32 last year. This represents a 21% INCREASE from this time last year.
Avondale has had an 11% INCREASE in the number of homes sold. Last year at this time, there had been 81 homes sold and we’ve already had 90 sell so far this year — representing an 11% increase.
Ortega, on the other hand, has had FEWER sales this year than last. Last year there had been 48 sales by this time and so far only 41 have sold representing a 14% decrease in the number of homes sold.
An interesting side note is that the number of listings (properties available for sale) has also increased substantially over the last year. For example, in Riverside, there were only 35 listings this time last year and now there are 75. In Avondale last year, there were 113 properties for sale and this year there are 197! So… with the giant increases in the number of listings for sale, it stands to reason that there have also been more sales as a result!
If you’d like to have more information about the Avondale, Ortega or Riverside neighborhoods, please give us a call — we specialize in this area and would like to help you find a new home here!