If you think homes in Fullerton are selling fast, you are right. According to the Fullerton Real Estate Report homes are selling within 31 days of being put up for sale. Even the higher priced homes are selling quickly if they are priced right. And sellers are getting full price or pretty close to it, averaging 97.9% of their original asking price. This is driven for the most part by the shortage of homes for sale, which does not seem to be improving , despite the fact that we are entering what is traditionally the “home buying and selling season”
Year over year new listings were down 19.7% for single family homes and up 32.1% for townhouse-condo properties. Pending sales decreased 43% for single family homes and decreased 39.1% for townhouse-condo units.
The Fullerton Real Estate median sales price was up from this time last year to 7.1% to $701,500 for single family homes and up 22.4% to $440,000 for townhouse-condo properties. The supply of inventory is down 18.2% for single family homes and was up 34.1% for townhouse-condo units.
The median sales price for Fullerton Real Estate is similar to Orange County in general.and is now back to the high of a decade ago, if not a bit more. Due to it's central location to freeways and the train station and its great schools, Fullerton Real Estate continues to be a desirable place to live
For the complete statistical chart please click here
Source: Pacific West Association of Realtors