Wednesday, March 14, 2012

Poway, CA Home Values are in Decline but Showing Signs of Stabilization

Carmel Valley Home Appraiser
MARKET CONDITIONS IN POWAY AS OF 03/10/2012 (SANDICOR MLS DATA)
Key Statistics      
Annual Home Value Change -1.42% / Stable Property Values
Current Home Inventory 4.8 Mo. / Balanced Demand/Supply
30 Day Median Marketing Time 41 days / 1.3 Mo.
       
Annual Comparisons 0-6 Mo. Ago 12-18 Mo. Ago Change
Median $/Sqft $243.14 $259.85 -6.4%
Median Sale Price $482,700 $466,000 3.6%
Median List $/Sqft $254.60 $269.43 -5.5%
Median List Price $489,900 $486,000 0.8%
Med. Market Time Sold Props. (days) 48 55 -12.7%
Total Number of Sales 209 192 8.9%
Total Number of Listed Properties 1693 2008 -15.7%
Months of Inventory (6 Month Period) 8.1 10.5 -22.5%
Bank/Short Sales (likely) 66 76 -13.2%
Bank/Short Sale Ratio (likely) 31.6% 39.6% -20.2%
       
Other trends      
Recent 1 Month Period (0-1 Months)      
Total # Active Listings Over Past 30 Days 1377    
Total # of Sales Past 30 Days 33    
Total # of Active Props. (Act, Pend, Cont) 160    
New Listings Past 30 Days 64    
       
Recent 6 Month Period (0-6 Months)      
New Listings Past 6 Months 304    
# Props. Listed Past 6 Months That Sold 0    
% of Props. Listed Past 6 Mo. That Have Sold 0%    
 
Bank/Short Sales Compared With Traditional Sales
Median $/Sqft of Bank/Short Sales $227.39    
Median $/Sqft of Traditional Sales $261.34    
% Less Bank/Short Sales Sell For 13.0%    
% More Traditional Sales Sell For 14.9%    
Click Chart to Enlarge
San Diego CA 92130 Housing Statistics

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