Madera, CA Market Update for December 2007

Here are the latest real estate market statistics for Madera, CA area. These numbers represent single family home (SFR) sales only. Percentage of homes on the market with the asking price had been reduced: 46.8%*

Average	November 2007	December 2007	% Change
Asking Price	$344,061	$323,094	-6.1%
Sales Price	$319,735	$306,000	-4.3%
% of Asking Price	93%	95%	2.0%
$/SQFT	$163	$148	-9.2%
Days on Market	146	223	52.7%
Total Transactions	17	16	-5.9%

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All numbers are from the MLS and are deemed reliable but not guaranteed. *Market numbers as of 1/17/2008: 1,185 properties on the market with 554 showing price reductions. Days on market reflect number of days between listing date on MLS and close of escrow.