In the city of San Diego and the zip code of 92111: The property value trend is Increasing, indicated by a median $/Sqft over the past quarter 8.2% higher than the same period 1 year ago. The Demand/Supply trend is In Balance, indicated by 2 months of current housing supply. The Marketing Time trend is Under 3 months, indicated by a median marketing time of 17 days and an average marketing time of 33 days over the past 3 months. Foreclosure activity remains high and future declines due to distressed sales is possible. Over the past 30 days there were 44 total sales and 14 bank sales (32% of all sales were bank sales). There are currently 74 bank owned homes, 105 homes in foreclosure, and 94 homes that have received a notice of default, but that are not in foreclosure. According to the MLS there are 7 bank owned homes currently listed for sales which indicates that 90.5% of all bank owned homes are not being actively marketed in the MLS.
Brian Ward
Real Estate Appraiser
www.brianward.com
(619) 630-9273
