When comparing the most recent 6 month period with the same period last year the median $/Sqft declined from $202.17 to $192.50 / 4.8%, When comparing the most recent 6 month period with the previous 3 month period the median $/Sqft declined from $197.49 to $192.50 / 2.5%.
When considering the number of sales over the past 3 months there are currently 5.3 months of housing inventory, indicating a balanced demand/supply trend.
The median marketing time over the past 3 months was 47 days, indicating a marketing time trend of less than 3 months.
The Sandicor MLS reports that 47% of all sales over the past 3 months were bank sales or short sales, which is a slight decrease from the annual ratio of 52%. Real estate agents do not reliably describe bank sales or short sales and the actual ratios of these sales are likely higher.
Brian Ward Appraisal
Real Estate Appraisal Services for San Marcos, CA
brian@brianward.comwww.brianward.comFacebook:
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