Home Values in San Diego 27128 / Carmel Mountain are in Decline. -4.3% to -9.1% Over the Past Year

In the San Diego zip code of 92128 and the Carmel Mountain area the median $/Sqft declined 4.3% over the past year and the median sale price declined 9.1% indicating a declining property values trend.  There are currently 5.9 months of inventory indicating a balanced demand/supply trend.  Over the past 3 months properties have sold after a median of 63 days indicating a marketing time trend of under 3 months.  30% of all sales over the past 3 months were bank sales or short sales which is an increase from 27% during the same period a year earlier.

Brian Ward
San Diego Home Appraiser
www.brianward.com

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