Escondido, CA Market Conditions Report - Property Values Are Increasing #escondido #appraiser

Statistics:

In Escondido, CA 92026, and as of the 12 month period ending 01/30/2013, single family residence sale prices ranged from $165,000 to $450,000, with a median of $328,000. The median sale price changed 16.3% over the past year indicating an 'increasing' property values trend. The median $/Sqft changed 7.1% over the past year indicating an 'increasing' property values trend. There are currently 1.95 months of housing inventory indicating a demand/supply trend of 'balanced'. The median market exposure time over the past 90 days was 27 days. Based on recent-past market exposure times, I anticipate that the typical/median marketing time will be under 3 months over the coming 90 days.

Zip Code Description:

In Escondido, CA 92026, there is a mix of property types, with most being residential, schools, parks, or commercial. While a wider range of living areas are present, most properties range in living area size from 1,123 Sqft to 3,148 Sqft, with the most common being approximately 2,000 Sqft. Most properties range in year built from 1970 to 1999 with the most common year built being 1990. Views are present in the neighborhood and Realtors report that 54% of all properties have them. The views include: city, evening lights, golf course, greenbelt, lagoon/estuary, lake/river, mountain/hills, ocean, and panoramic. Public and private services, conveniences, and employment are typical of population centers throughout the county.

+Brian Ward
Escondido, CA Real Estate Appraiser
www.brianward.com
brian@brianward.com
(619) 630-9273

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