End of April Market Stats

Sugar Pine Realty endeavors to provide timely and relevant info and statistics on the real estate market in the Mother Lode. Today we have the final numbers for April 2008 (as of 9:00 this morning). We also have the year-to-year comparison for the first four months of 2008 versus the first four months of 2007. The data used comes from the Tuolumne Multiple Listing Service and is deemed reliable, but not guaranteed. A couple of quick observations: (1) We're looking for the bottom in the market. It seems we can't be too far away with the further steep downturn in April residential sales as an example: 26 sold, a 50% decrease over April 2007; $13,547,950 volume sold, a 63% decrease over April 2007; (2) The average sale price of residential property for the first four months of 2008 is: $317,827 versus last year for the same period: $366,212. That's a 13% decrease.