Rio Vista (Dry) Market Analysis: Inclining/Stable

Rio Vista (Dry) Market Analysis: Inclining/Stable

YEAR OVER YEAR Closed Sale Price values INCLINED—by Median Price 17% to $845,000 from $725,000, by Average PRICE 24% to $952,023 from $767,076, LOT (area) 5% to $113.34 from $107.83, and LIVING (area) 12% to $337.32 from $338.08.

CURRENT INVENTORY: 23 listings; Median Price $895,000, Average PRICE $1,164,304, LOT $142.04, and LIVING $435.73.

PENDING SALES: 1;  PRICE $1,299,000, LOT $218.72, and LIVING $419.84.

CLOSED SALE VALUE STABILITY: Trail-12 Median Price/Average Price 89%; of the 30 closed sales rail-12, 60% were Under Average PRICE, 57% were Under Average LOT, and 43% were Under Average LIVING. 

CLOSED SALE VALUES (Trail-12)/INVENTORY VARIANCE: Inventory Median Price/Average PRICE 77%; of the 23 current listings 57% are Under Average PRICE, 43% are Under Average LOT, and 26% are Under Average LIVING.

MARKET TRENDS: Days on Market INCLINED to 127 days from 106 (current Inventory DOM 152); Discount (from last list price) INCLINED to 5.23% from 4.56%; PRICE/RENT Ratio INCLINED to 22.09 from 15.81 (declining affordability); Annual Rent DECLINED 11% to $43,103 from $48,533; Rentals/Month INCLINED to 1.33 from 0.75.

MICRO CLOSED SALES DATA Closed Sale Trail-36 Rank Sector by Median Price: SouthEast $880,500, NorthWest $810,000, NorthEast $789,000, SouthWest $470,000; by Average PRICE NE $927,161, SE $912,000, NW $842,300, SW $525,971; LOT NW $121.19, NE $119.29, SE $113.25, SW $79.58; LIVING SE $376.28, NE $375.58, SW $322.27, NW $312.25.