Tuesday, February 1, 2011

Imperial Beach, CA Housing Statistics

In Imperial Beach, CA property values have changed less than 2% over the past year indicating a stable property values trend.  There are currently 9.5 months of housing inventory indicating a stable demand/supply trend, although it is a sharp increase from 4.5 months of inventory which has been typical over the past year and may indicate future oversupply and property value declines.  Properties sold in a median of 60 days over the past 3 months indicating a marketing time trend of under 3 months.  The local MLS indicates that 38% of all sales over the past 3 months were bank sales or short sales which is nearly half the ratio of one year ago, though still great enough to place downward pressure on property values.