Poway, CA Home Values are in Decline

According to Sandicor MLS: When comparing condominiums sales over the most recent 6 month period with the previous 6 month period the median $/Sqft changed -5%.  When comparing the most recent 6 month period with the same period last year, the median $/Sqft changed -8%.  Based on sales over the past 30 days, there are currently 1 months of housing inventory and the typical marketing time is 22 days.  74% of all sales over the past 6 months had sales restrictions (typically bank or short sales) which is a change of 13% compared with 62% of all sales during the same period last year.

Brian Ward
Poway, CA Home Appraiser
Bankruptcy, Divorce, Estates and More.
b@brianward.com
www.brianward.com
m. (760) 636-6777
o. (619) 630-9273

Point Loma, San Diego, CA Home Prices Steady

In the community of Point Loma in San Diego, CA, and according to Sandicor MLS: When comparing the most recent 6 month period with the same period last year, the median $/Sqft changed -1% and the median sale price changed 2% indicating a stable property values trend.  Based on the current active listings and the number of sales over the past 30 days, there are currently 11 months of housing inventory and the median marketing time for closed sales has been 51 days.  Over the past year 18% of all sales were bank sales (8%) or short sales (10%).  Also, 2% of all sales were undeclared in terms of their sales restrictions and agents regularly fail to categorize their bank/short sale listings so the actual ratios of these sales are likely higher.

Brian Ward
Point Loma Home Appraiser
(888) 844-1733

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San Diego, 92120 Property Values Are in Decline

In the San Diego zip code of 92120 and according to Sandicor MLS:  When comparing the most recent 6 month period with the same period last year, the median $/Sqft changed -9% and the median sale price changed -3%.  When comparing the most recent 6 month period with the previous 6 month period, the median $/Sqft changed -4% and the median sale price changed -2%.  Based on the current active listings and the number of sales over the past 30 days, there are currently  months of housing inventory and the median marketing time for closed sales has been 66 days.  Over the past year 30% of all sales were bank sales (14%) or short sales (16%).  Also, 6% of all sales were undeclared in terms of their sales restrictions and agents regularly fail to categorize their bank/short sale listings so the actual ratios of these sales are likely higher.

Brian Ward
Brian Ward Appraisal
(888) 844-1733
www.brianward.com