Poway, CA property values have fluctuated throughout the year but have declined 5.5% overall from $281/Sqft to $265/Sqft and 4.2% over the past quarter from $276.86/Sqft. Demand and supply are in balance with 3.5 months of inventory and properties are generally selling after 77 days of market exposure. Foreclosure activity: 2 bank sales past month, 71 bank owned homes, 293 properties 60+ days late on their mortgage. This degree of foreclosure activity indicates that future declines are possible.
These statistics are in direct contradiction to average home value statistics which indicate a 9.5% increase in home values in Poway, CA.
The number of sales in Poway, CA has increased 324% compared with last year from 71 to 301.
Data derived from Sandicor MLS
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