Sunday, March 11, 2012

Carmel Valley / San Diego, CA 92130 Property Values Are in Decline

Carmel Valley Home Appraiser
MARKET CONDITIONS IN SAN DIEGO, 92130 AS OF 03/08/2012 (SANDICOR MLS)
Key Statistics
Annual Home Value Change -5.13% / Declining Property Values
Current Home Inventory 3.8 Mo. / Balanced Demand/Supply
30 Day Median Marketing Time 72 days / 2.4 Mo.
Annual Comparisons 0-6 Mo. Ago 12-18 Mo. Ago Change
Median $/Sqft $315.54 $332.95 -5.2%
Median Sale Price $850,000 $895,000 -5.0%
Median List $/Sqft $325.86 $343.32 -5.1%
Median List Price $889,000 $899,000 -1.1%
Med. Market Time Sold Props. (days) 54 35 54.3%
Total Number of Sales 186 195 -4.6%
Total Number of Listed Properties 1595 1743 -8.5%
Months of Inventory (6 Month Period) 8.6 8.9 -4.1%
Bank/Short Sales (likely) 39 35 11.4%
Bank/Short Sale Ratio (likely) 21.0% 17.9% 16.8%
Other trends
Recent 1 Month Period (0-1 Months)
Total # Active Listings Over Past 30 Days 1218
Total # of Sales Past 30 Days 37
Total # of Active Props. (Act, Pend, Cont) 139
New Listings Past 30 Days 60
Recent 6 Month Period (0-6 Months)
New Listings Past 6 Months 334
# Props. Listed Past 6 Months That Sold 83
% of Props. Listed Past 6 Mo. That Have Sold 25%
Bank/Short Sales Compared With Traditional Sales
Median $/Sqft of Bank/Short Sales $284.30
Median $/Sqft of Traditional Sales $327.06
% Less Bank/Short Sales Sell For 13.1%
% More Traditional Sales Sell For 15.0%
Click Chart to Enlarge
San Diego CA 92130 Housing Statistics