Jackson Real Estate, Q1 2007
Posted by John Lockwood on April 3rd, 2007
Jackson California’s real estate market in the first quarter of 2007 was off compared to a year ago. The average sold price per square foot was down 4.2%, from $190 to $182. The price of the average home that sold in Jackson dropped 3.5% during the period, from $309,714 in the first quarter of 2006 to $299,000. The median dropped from $299,000 to $289,000, a 3.3% decline.
Unit volume was down as well, from twenty-one units sold in the first quarter of 2006 to nineteen in the first quarter of 2007. Inventory is currently quite high at some 14.9 months.