Piedmont Avenue and Temescal neighborhood real estate activity during 2011 versus 2010

Comparing Piedmont Avenue and Temescal neighborhood real estate activity during 2011 versus 2010, homes sale prices and days on the market decreased 10% during 2011 with sales volume significantly increasing by 40% in the -$800,000 sales price range while homes sale prices, days on the market and volume all decreased by 4%, 33% and 70% respectively, during 2011 In the $800,000+ sales price range. This is great news overall for buyers as prices continue to come down with inventory up and it is also great news for sellers who need to sell, as increased inventory is actually selling quicker in all price ranges.

Comparison of 2010 versus 2011 year end data	2010			2011
Sales Price	Avg Sale Price	Number of homes	DOM	Avg Sale Price	Number of homes	DOM
$0-$800,000	$572,713	42	48	$515,026	59	43
$800,000+	$847,200	3	36	$815,750	2	11

Difference 2010 versus 2011	Avg Sales Price	Volume	DOM
$0-$800,000	~10% decrease in 2011	~40% increase in 2011	~10% decrease in 2011
$800,000+	~4% decrease in 2011	~33% decrease in 2011	~70% decrease in 2011