Driving through Friendly Hills feels a little bit like driving through a beautiful country setting - lush, green landscaping, large front yards, beautiful homes, winding roads at times, just a very serene setting. As all other parts of Whittier, Friendly Hills has also seen a change in property prices, and this blog will focus on price changes, days on market and sales history in this particular part of town.
Currently, there are 28 active Single Family Homes for sale in Friendly Hills - ranging from $499,000 ($340.15 per sqft) to $2,200,000 ($415.02 per sqft). The days on market range from 2 days to 591 days.
Friendly Hills Homes for Sale (status June 23, 2010)
Total active Friendly Hills Homes for Sale: 28
Total Friendly Hills Homes in Back-up offer status: 2
Total Friendly Hills Homes in Pending status: 6
Property prices have dropped in the Friendly Hills area of Whittier but compared to many other parts of town (and other cities), there were very few Short Sales and REOs. How did the decrease in property values effect Friendly Hills homes?
Even though an average sales price is an interesting number, however, it is not suitable to detect a trend - the reason why is because sales volume in Friendly Hills is typically not very high, so the lack of data may scue the numbers. For example, in one given month there might only be one sale, let's say the house sold for $2mil. The next month, there is also just one sale, this time, a property sells for $650,000. Does this mean property prices dropped dramatically? No, the second home that sold was probably a lot smaller ... A better indicator of true value in this case would be the average price per square foot. In order to really see a trend, I have compiled sales numbers for Friendly Hills homes from January 2007 through May 2010, and here is the result:
Friendly Hills Sales History, Price per Square Foot
The tallest spike was in March of 2007 at $584, however, this number is based on only one sale in that month. A more accurate figure would be the one for August of 2007, with 6 sales, at $391 per sqft. The current average price per square foot (for the month of May 2010) is $273 ($317 for April 2010).
As you can see in this graph, there are up and down months, but the trend since January 2007 has been an overall moderate (compared to other areas and cities) decrease in the price per sqft, so purchasing a home in the Friendly Hills area appears to be a solid investment.
Would you like to know more about Friendly Hills Homes and Friendly Hills Homes for sale? Please feel free to contact us and request a FREE list of all current Friendly Hills home listings, without any obligation.
Want to learn more about Whittier, Whittier neighborhoods, Whittier schools, and Whittier parks? Looking for a home in Whittier? Start your Whittier home search here! Thinking about selling your Whittier home or maybe relocating to Whittier? You will find everything on our state-of-the-art website!
Thanks so much for visiting our Whittier area Real Estate blog! Stay tuned for more Greater Whittier Area Real Estate updates! Our business greatly depends on referrals so if you like us, please tell your friends and family about us, it is truly appreciated.
Warm regards,
Stephanie & Shirley
Stephanie Frymyer & Shirley Williams
The S & S Team
"Your Local Property Pros"
562-355-8120 & 310-308-6107
DRE# 01390458 & DRE# 01456658
http://yourlocalpropertypro.com/
Stephanie Frymyer
Realtor, SFR, ABR, SRES
DRE 01390458
Shirley Williams
Realtor, SFR, SRES
DRE 01456658
Main Street Realtors
