There are currently 4 properties for sale and Kensington real estate prices are between $925,000 and $1,325,000. The median price for homes that are currently for sale is $1,043,500. Homes are selling for about $510 per square foot. If you are serious about buying a home, we highly recommend setting up a market watch notification so you don't miss out.
The real estate price trend chart shows the median selling prices for homes over time. A moving average (MA) is a widely used indicator in technical analysis that helps smooth out price action by filtering out the "noise" from random short-term price fluctuations. Use this chart with the inventory chart to determine if prices for homes will be going up or down.
Looking at the market in quartiles, where each quartile is 25% of home, ordered by price.
|Quartile||Median Price||Avg. Sqft||Avg. DOM||Avg Year Built||New Listings||Total Listings|
|Top/First||$1,616,500||2,094||11||1936||0||4||Most Expensive 25% of properties|
|Upper/Second||$1,310,000||1,802||14||1955||0||3||Upper-middle 25% of properties|
|Lower/Third||$1,130,000||1,561||12||1947||0||4||Lower-middle 25% of properties|
|Bottom/Fourth||$900,000||1,133||13||1942||0||3||Least expensive 25% of properties|
The median and average square foot price trends. The square foot price is one of the best ways to get a good rough estimate of your homes worth.
If you try to use the average cost per foot to determine the approximate fair market value (FMV) of another property, you should be careful to understand a few key issues. First, the cost per foot tends to decrease as properties increase in size. In other words, the most expensive homes in Kensington, on a cost per foot basis, will tend to be the smallest properties. This is because economies of scale make larger properties less expensive on a cost per foot basis. You should adjust the cost per foot up or down if the subject property is smaller or larger than the average sized home in Kensington. The Home SQFT Price Quartiles chart helps give you a better understanding of sqft price and home size.
|Quartile (# Listings)||Sqft Range||Avg. Sqft Price||Median Price||Avg. DOM|
|Largest 25% sqft (4)||1,929 - 2,418||$682||$1,459,000||11|
|Upper-middle 25% sqft (3)||1,834 - 1,898||$765||$1,310,000||14|
|Lower-middle 25% sqft (4)||1,209 - 1,701||$792||$1,120,000||11|
|Smallest 25% sqft (3)||1,090 - 1,136||$839||$900,000||9|
Below is all the properties currently for sale in Alameda, sorted by number of bedrooms.
|Bedrooms||Active Listings||Median Price||Avg Price||Avg SQFT||Avg $/SQFT|
The real estate inventory chart shows the relations between the total number of properties that are listed each month, placed under contract each month (pending) and sold each month. This chart is good at determining the supply and demand of properties. When trying to find trends in home prices, I look at the number of the new home listings and the current price trends.