San Marcos, CA Housing Market Statistics as of 12/19/2012

Summary of Housing Market Trends in San Marcos, CA

The annual median $/Sqft change is 3%, there are currently 2 months of housing inventory, over the past 30 days the median marketing time was 25 days, and the ratio of bank/short sales is currently 37%, a change of -16% from one year ago.

Click HERE to View and Download the Full, 2 Page San Marcos, CA Report

Brian Ward Real Estate Appraiser for San Marcos, CA (888) 844-1733 brianwardappraisal@gmail.com

To view other maket conditions reports we've prepared, please visit: https://docs.google.com/folder/d/0B5w8x6iApmdJekZPVGFkeUs2a2c/edit

San Marcos, CA Housing Market Statistics as of 10/17/2012

Summary of Housing Market Trends in San Marcos, CA

The annual median $/Sqft change is -1%, there are currently 3 months of housing inventory, over the past 30 days the median marketing time was 24 days, and the ratio of bank/short sales is currently 38%, a change of -19% from one year ago.

Click HERE to View and Download the Full, 2 Page San Marcos, CA Report

Brian Ward Real Estate Appraiser for San Marcos, CA (888) 844-1733 brianwardappraisal@gmail.com

To view other maket conditions reports we've prepared, please visit: https://docs.google.com/folder/d/0B5w8x6iApmdJSFF6WDVTRjNHVU0/edit

Escondido, CA Home Values Are In Decline But Improving - 03/01/2012 Escondido Housing Statistics

Escondido, CA home values continue to be in decline on a year over year basis. However, compared with last month the rate of decline has decreased from -8.6% to -7.5%, the inventory has decreased from 6.6 months to 4.7 months, and the typical marketing time has decreased from 80 days to 54.5 days. - Brian Ward Appraisal

Brian Ward Escondido, CA Home Appraiser www.brianward.com b@brianward.com m. (760) 636-6777 o. (619) 630-9273 Connect with Me Linkedin Facebook Google+ iMessage Chat: b@brianward.com SMS Chat: (619) 630-9273 Download my vCard - An Internet Business Card that can be imported into Outlook, Google, Apple's iPhone and More.

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

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

Brian Ward Carmel Valley Home Appraiser San Diego, CA 92130 b@brianward.com m. (760) 636-6777 o. (619) 630-9273

Connect with Me Linkedin Facebook Google+ iMessage Chat: b@brianward.com SMS Chat: (619) 630-9273

Download my vCard - An Internet Business Card that can be imported into Outlook, Google, Apple's iPhone and More.

Home Values in San Diego, CA 92120 Decline. -7.8% to -8.6% Over the Past Year

In the San Diego, CA zip code of 92120 the median $/Sqft declined 7.8% over the past year and the median sales price declined 8.6%, indicating a declining property values trend.  There are currently 6.9 months of housing inventory indicating a balanced Demand/Supply trend.  Properties sold after a median of 47 days over the past 3 months indicating a marketing time trend of under 3 months.  17% of all sales over the past 3 months were bank sales or short sales which is a decline from 23% during the same period last year and among the lowest in San Diego.

Brian Ward
San Diego Home Appraiser
www.brianward.com

Bankruptcy - Divorce - Estates - Before Buying or Selling - More

* Always order your own appraisal when buying or selling a home.  The one ordered for the mortgage is for the bank to make a lending decision, not to protect or inform you, and likely will equal the purchase price because it is influenced by the purchase price.

San Diego Home Values in Decline - Info. Graphic

S&P/Case-Shiller is reporting what I have been posting for a while - that property values in the San Diego area peaked around fall of last year and have been in decline since.  As we get further into 2011, the decline will be more apparent, even if property values stay steady on a month-to-month basis because they were increasing last year through to the fall in many places.  A better indicator of our market performance may be short term comparisons.  The S&P/Case-Shiller graphic below ends at the start of 2011.  From my own statistical compilations I can report that property values continued to decrease in most markets.

All of this having been said - San Diego, CA remains what of the best areas to buy a home based on its property values performance over the past year.

Click on the graphic below to be taken to a Flash/interactive version of the chart.

Brian Ward
San Diego Real Estate Appraiser
www.brianward.com

Home Prices in Selected Cities, Through January 2011 - Interactive Graphic - NYTimes.com

San Diego, CA 92115 Home Values Decline 11.4% - www.brianward.com

Over the past year the median $/Sqft of homes in San Diego zip code 92115 declined 11.4%.  However, property values peaked around August of 2010 and have declined more rapidly since.  When comparing the two most recent 3 months periods, property values have declined 8.7%.  These declines are likely due to the waning effect of the federal tax credit for new home buyers, which expired at the end of April 2010, and the influence of increasing mortgage interest rates in recent months.  Based on the number of sales over the past 3 months there are currently 5.9 months of housing inventory indicating a balanced demand/supply trend.  Properties sold after a median of 45 active marketing days over the past 3 months indicating a marketing time trend of less than 90 days.  According to the local MLS, 43% of all sales over the past 3 months were bank sales or short sales which is an effectively equal ratio compared with the same period last year when 44% of all sales were bank sales or short sales.  Bank sales and short sales are at historically high levels that are putting downward pressure on property values.

Brian Ward

San Diego, CA Home Appraiser

http://www.brianward.com