Real Estate Market Report - Castroville, CA (Nov, 2023)

by Test Xinjiagou4

Current Market Condition

Active Listings

Pending Listings

$569,000

Median List Price

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The median sale/list price for the first set of data ranges from $142,250 in February 2023 to $833,000 in August 2023, with a sharp increase from January to February. In the second set of data, the median sale/list price ranges from $156,500 in November 2022 to $1,076,000 in October 2023, with a significant increase from March to April.

Median Sale/List Price

List Price

Sale Price

The median sale price per square foot for properties has shown a fluctuating trend from November 2022 to October 2023. There was a sharp increase in the median sale price per square foot from November 2022 to February 2023, with a peak of $451.107 in February 2023. However, the median sale price per square foot dropped to $211.772 in April 2023 and then gradually increased again to $656.531 in October 2023.

Median Sale Price per Square Foot

The median sale price to list price ratio fluctuates over time, with a low of 0.867 in June 2023 and a high of 1.133 in October 2023. The ratio was below 1 in several months, indicating that sale prices were lower than the listed prices. However, by January 2023, the ratio had reached 1, indicating that sale prices were equal to the listed prices.

Median Sale Price to List Price Ratio

The number of properties sold/listed fluctuates throughout the year with a peak in April (9 sales/listings) and a dip in August (1 sale/listing). The highest number of sales/listings in a single month is 8 in March, while the highest number of listings in a single month is 5 in both January and May. The data also shows that there were more sales than listings in most months, except for May and October of 2023 where there were more listings than sales.

Properties Sold/Listed

Properties Listed

Properties Sold

The median days on the market for homes sold in November 2022 was 13, which went down to 0 in December 2022 and continued to remain at 0 until February 2023. Then, in June 2023, the median days on the market increased to 73.5 and peaked at 88 in July 2023 before dropping back down to 0 in October 2023.

Median Days on Market