Southern Sierra Properties

TWO YEAR SALES TREND SUMMARY
KERN RIVER-LAKE ISABELLA
REAL ESTATE MARKET

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1/1/07 -  12/31/07

1/1/08 -  12/31/08

% Change

HOMES

     

Median Price

$215,000

$197,500

-8.1%

Average Price

$216,970

$211,562

-2.5%

Median Price Per Foot

$160

$149

-6.9%

Average Price Per Foot

$165

$153

-7.3%

Days On Market

167

179

+7.2%

Listing/Selling Price Spread

-6.3%

-7.5%

MANUFACTURED HOMES ON LAND

Median Price

$99,500

$79,500

-20.6%

Average Price

$119,146

$90,891

-23.7%

Median Price Per Foot

$87

$77

-11.5%

Average Price Per Foot

$98

$79

-19.4%

Days On Market

144

196

+36.1%

Listing/Selling Price Spread

-7.2%

-8.2%

SUBDIVIDED BUILDING LOTS

Median Price

$40,000

$39,222

-1.9%

Average Price

$48,478

$41,458

-14.5%

Listing/Selling Price Spread

-7.4%

-11.8%

ACREAGE

Average Price Paid Per Acre

$7,262

$9,411

+29.6%

Listing/Selling Price Spread

-13.1%

-17.4%

ACTIVITY OVERVIEW

Total Yearly Sales

318

225

-30.5%

Total Dollar Volume

$43,158,446

$25,481,050

-41.8%



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