Monday, May 3, 2010

Borrego Springs Property Values Are Steady

In the city of Borrego Springs, CA 92004, the median sales price over the past 6 months is within 5% of the median sales price over the same period last year, indicating a stable market.  There are currently 14.4 months housing supply and properties sold in a median of 147 days over the past 6 months.  Foreclosure activity is moderate-high and future property value declines are possible - in March, 21% of all sales were bank sales (6 bank sales) and there are currently 46 bank owned homes.

Brian Ward Appraisal