Wednesday, April 3, 2013

La Mesa, CA 91942 Property Values are Increasing. By how much? Click to see!

La Mesa, CA 91942 Real Estate Appraiser
In La Mesa, CA 91942, and as of the 12 month period ending 04/01/2013, single family residence sale prices ranged from $173,000 to $757,500, with a median of $340,000. The median sale price changed 11% over the past year indicating an 'increasing' property values trend. The median $/Sqft changed 17.7% over the past year indicating an 'increasing' property values trend. There are currently 1.39 months of housing inventory indicating a demand/supply trend of 'in balance'. The median market exposure time over the past 30 days was 12 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. Property value trends may be misleading due to a decreasing ratio of bank sales and short sales, and an increase in the ratio of renovated properties.
Zip Code Description:
In La Mesa, CA 91942, there is a mix of property types present with most being residential, schools, parks, or commercial.  While a wider range of living areas are present, most single family residences range in living area size from 985 Sqft to 1,940 Sqft, with the most common being approximately 1,500 Sqft. Most properties (79%) have 3 or 4 bedrooms, and most properties (77%) have 1 or 2 bathrooms.  Most single family residences range in year built from 1944 to 1969 with the most common year built being 1960.  Views are present in the neighborhood and Realtors report that 36% of all single family residences have them.  The views include: bay, city, evening lights, golf course, greenbelt, lake/river, mountain/hills, ocean, and panoramic.  Public and private services, conveniences, and employment are typical of population centers throughout the county.
La Mesa, CA 92142 - 5 Year Median Sale Price Trend
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La Mesa, CA 91942 Median Sale Price Trend
+Brian Ward
La Mesa, CA 92142 Real Estate Appraiser
(619) 241-5377

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