Wednesday, March 2, 2011

Mission Hills, San Diego, 92103 Home Value Statistics

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Property values have declined 3.7% over the past year but because there is a wide range of property characteristics present in the neighborhood as well as a low number of sales in the neighborhood to develop statistics from (which is common), it is my opinion that any change within +/-5% indicates a stable market.  There are currently 8 months of housing inventory indicating a balanced demand/supply trend.  Properties sold after a median of 89 days over the past 3 months indicating marketing time trend of under 3 months.  21.5% of all sales within the past 6 months were bank sales or short sales which is a nearly identical ratio compared with the same period last year.

Brian Ward
San Diego / Mission Hills Home Appraiser
(619) 630-9273
www.brianward.com 

 

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