Whittier Real Estate Market Report Winter 2009

Posted by Ben Nicolas on Tuesday, December 8th, 2009 at 1:27pm.

Whittier California: Even in Winter, a Wonderfully Liveable Community

The holiday season is a great time to enjoy Whittier's own brand of winter cheer; and in keeping with the trends in real estate over the last few months, a choice time to buy Whittier area property.

Sales of single family homes in October 2009 in Whittier added up to 117, with the average sales price hovering around $370K. While the majority of homes sold for prices between 3% and 20% lower than those of a year earlier--October 2008--homes sold in the 90601 and 90602 zip codes actually showed a sharp increase in price, certainly great news for Whittier area home sellers!

The average listing price among Whitter area homes for sale at the end of November was $453K , with some 350 listings ranging from 1 bedroom homes at $143K to 4 bedroom homes priced at $578K with many options in between. Homes in the $100K-$500K price range currently number about 164; homes for sale asking $600K to $1M include 21 properties; and homes for sale above the $1 million mark include 22 properties. Asking prices held strong throughout November, indicating steady and tenacious tendencies in the Whittier area real estate climate.

Yearly home sale statistics for the Whittier area confirm that this corner of southern California is a safe and fertile haven for a buyer's nest egg. As in all markets, there have been ups and downs over the years, but Whittier area real estate sales statistics have fluctuated only mildly, holding steady since 2000. For buyers, this means that choosing the Whittier area for a long-term home purchase makes good sense, not only from a quality of life perspective but financially as well. 

Further evidence of Whittier's reliable consistency in the market is that, over the nine year period between January 2000 and January 2001, the average price per square foot for all Whittier real estate sales rose from $131K in '00 to only about $230 K in 2009, a surprisingly small appreciation gap when compared to the wildly fluctuating prices in the decade's volatile national real estate marketplace. While this modest increase shows a solid return for longer term investors, it also has kept Whittier real estate affordable and a great value for buyers.

Chief among the handful of condo sales in Whittier in the month of October is the news that the median sales price of $325K has held strong with just a few percentage points decline over the past 12 months, signaling good value for buyers and sellers alike in the Whittier condo market.

Your Whittier real estate agent can identify listings which meet or exceed your expectations as a home buyer. For those who looking at Whittier area real estate, there are plenty of options. In the market for a starter home? Whittier offers many affordable, nicely appointed options in the 100K to 400K price range. Mid-range Whittier homes for sale include beautiful southwest style upgrades and larger residences for the growing family. For the upscale buyer, Whittier properties include plenty of luxury homes in the opulent style of the southern California estate.

Although only minutes from metro Los Angeles, you will find that with Whittier Real Estate, you get an exceptional value for your home buying dollar that is nearly impossible to match in the large metro area proper.

 

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