Wednesday, February 8, 2012

Point Loma, San Diego, CA Home Prices Steady

In the community of Point Loma in San Diego, CA, and according to Sandicor MLS: When comparing the most recent 6 month period with the same period last year, the median $/Sqft changed -1% and the median sale price changed 2% indicating a stable property values trend.  Based on the current active listings and the number of sales over the past 30 days, there are currently 11 months of housing inventory and the median marketing time for closed sales has been 51 days.  Over the past year 18% of all sales were bank sales (8%) or short sales (10%).  Also, 2% of all sales were undeclared in terms of their sales restrictions and agents regularly fail to categorize their bank/short sale listings so the actual ratios of these sales are likely higher.

Brian Ward
Point Loma Home Appraiser
(888) 844-1733