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Sunday, January 20, 2013
Jamul, CA Property Values Are Increasing
The median $/Sqft changed 14.5% over the past year indicating an 'increasing' property values trend. There are currently 3.89 months of housing inventory indicating a demand/supply trend of 'balanced'. The median market exposure time over the past 30 days was 53 days. Based on recent-past market exposure times, I anticipate that the typical/median marketing time will be under 3 months over the coming 90 days.
The market area includes a mix of property types, with most being residential, schools, parks, or commercial. While a wider range of living areas are present, most properties range in living area size from 1,454 Sqft to 4,132 Sqft, with the most common being approximately 2,500 Sqft. Most properties range in year built from 1971 to 1999 with the most common year built being 1990. Views are present in the neighborhood and Realtors report that 90% of all properties have them. The views include: bay, city, evening lights, golf course, greenbelt, lagoon/estuary, lake/river, mountain/hills, ocean, and panoramic. Public and private services, conveniences, and employment are typical of population centers throughout the county.