Market Trends (For Sale V. Sold)

For sale properties represent all available properties offered in the target area.  The pending line indicates the number of properties that have accepted an offer but have not closed escrow yet.  Sold properties are properties that have closed escrow and represent completed sale transactions.  If there are many properties for sale and few pending and sold properties, then it is a buyer's market.  If there are few properties for sale and many pending and sold properties, it is a seller's market.


Market Trends (Average Price Per Square Foot)

Average price per square foot is a simple "apples to apples" way to compare the market value of homes regardless of their size.  Average price per square foot is the sales price divided by the number of square feet of living area.