Chula Vista, CA Housing Market Statistics as of 11/12/2012

Summary of Housing Market Trends in Chula Vista, CA

The annual median $/Sqft change is 3%, there are currently 3 months of housing inventory, over the past 30 days the median marketing time was 43.5 days, and the ratio of bank/short sales is currently 53%, a change of -9% from one year ago.

Click HERE to View and Download the Full, 2 Page Chula Vista, CA Report

Brian Ward Real Estate Appraiser for Chula Vista, CA www.brianward.com (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

Vista, CA Housing Statistics

The median sale price in the city of Vista, CA has declined from $322,000 to $315,000 over the past year indicating a slightly declining to stable property values trend.  There are currently 5 months of housing inventory indicating a balanced demand/supply trend.  The median marketing time over the past 3 months was 38 days indicating a marketing time trend of under 3 months.  The ratio of bank sales and short sales to total sales has decreased from 54% last year to 48% over the past 3 months.

The city of Vista includes a mix of land uses including suburban and rural residential, light agriculture, commercial, public (i.e. schools, parks, gov.), and  religious centers.  Most properties range from average to good quality and condition. Although some properties exceed the following ranges, most properties range in living area size from 1,100 to 2,765 Sqft, were built between 1960 and 1996, have 2-4 bedrooms, and have 2-3 bathrooms.  Views of mountains, hills, a golf course, and distant views of the Pacific Ocean are available to some properties.

Brian Ward
State of California Real Estate Appraiser
(760) 636-6777
b@ward.pro
www.brianward.com
** Full appraisals for $299 - Most properties! **

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.

Carlsbad, CA 92009 Housing Statistics

When comparing the most recent 3 month period with the same period last year the median $/Sqft of properties in the the Carlsbad, CA zip code of 92009 increased 1.8% from $257.79 to $262.49, which is a negligible difference and indicates a stable property values trend.  There are currently 7.9 months of housing inventory indicating a balanced supply and demand trend.  Over the past 3 months, properties sold after a median marketing period of 31 days and an average marketing time of 60 days, indicating a marketing time trend of 0-3 months.

Statistics indicate historically high foreclosure activity which suggests that future declines from bank sales and other potentially distressed selling activity, such as short sales, are possible.  They also suggest that banks may be withholding inventory from the market, presumably to promote property value stabilization and increases, and that property value statistics may not reflect natural market forces and may not be reliable.  A continuing supply of potential foreclosures indicate that the risk of property value declines will continue into the near future.

Foreclosure / Short Sale Related Statistics:
Past 30 Days (MLS)
* 64 Total Sales
* 5% of all sales were bank sales
* 16% of all sales were short sales

1 Year Ago (MLS)
* 45 Total Sales
* 24% of all sales were bank sales
* 9% of all sales were short sales

Currently:
* 105 Bank owned homes (CoreLogic)
* 149 Properties in foreclosure (CoreLogic)
* 116 Properties with mortgages 60+ days late but not in foreclosure (CoreLogic)
* 26 Bank listings in MLS (active, in escrow, and awaiting bank approval)
* 75% of bank owned homes not actively listed in the MLS
* 28 Months of current and potential bank sale and short sale inventory from bank owned properties, properties in foreclosure, and properties with mortgages 60+ days late and based on last months sales in the local MLS.

Brian Ward
Real Estate Appraiser
brianwardappraisal@gmail.com

San Diego, CA 92111 Housing Statistics

When comparing the most recent 6 month period with the same period last year the median $/Sqft of properties in San Diego, CA 92111 decreased from $241.01 to $212.84 which is an 11.7% decrease but when comparing the most recent 6 month period with the previous 6 month period the median $/Sqft increased from $196.41 (8.4%) which indicates that the market is currently in an increasing property values trend.  There are currently 5.6 months of housing inventory indicating a balanced supply and demand trend.  Over the past month, properties sold after a median marketing period of 32 days and an average marketing time of 74 days, indicating a marketing time trend of 0-3 months.

There were 7 bank (REO) sales over the past month which was 18% of all sales and consistent with the same period last year when there were 9 REO sales which was 20% of all sales.  Similarly, there were 4 short sales over the past month (10% of all sales) and over the same period last year (9% of all sales).  Over the past month there were 12 new REO listings which was 19% of all new listings which is a decrease from the same period last year when there were 17 new REO listings which was 30% of all new listings indicating a decrease in the ratio of REO listings, although there is evidence that there may not a decrease in the supply of REO properties.

Statistics indicate historically high foreclosure activity which suggests that future declines from bank sales and other potentially distressed selling activity, such as short sales, are possible.  They also suggest that banks may be withholding inventory from the market, presumably to promote property value stabilization and increases, and that property value statistics may not reflect natural market forces and may not be reliable.  A continuing supply of potential foreclosures indicate that the risk of property value declines will continue into the near future.

Foreclosure / Short Sale Related Statistics:
Past 30 Days (MLS & CoreLogic)
* 39 Total Sales
* 18% of all sales were bank sales
* 10% of all sales were short sales

* 19% of new listings that are bank (REO) listings.
1 Year Ago (MLS)
* 45 Total Sales
* 20% of all sales were bank sales
* 9% of all sales were short sales

* 30% of new listings that are bank (REO) listings.
Currently:
* 67 Bank owned homes (CoreLogic)

* 107 Properties in foreclosure (CoreLogic)

* 64 Properties with mortgages 60+ days late but not in foreclosure (CoreLogic)
* 25 Bank listings in MLS (active, in escrow, and awaiting bank approval)
* 63% of bank owned homes not actively listed in the MLS
* 22 Months of current and potential bank sale and short sale inventory from bank owned properties, properties in foreclosure, and properties with mortgages 60+ days late and based on last months sales in the local MLS.

Brian Ward

Real Estate Appraiser

brianwardappraisal@gmail.com

Coachella, CA 92236 Housing Statistics

When comparing the most recent 3 month period with the same period last year the median $/Sqft of properties in the city of Coachella, CA increased from $78.46 to $85.03 which is an 8.4% increase and but indicates an increasing property values trend.  There are currently 9.1 months of housing inventory indicating a balanced supply and demand trend.  Over the past month, properties sold after a median marketing period of 49 days and an average marketing time of 90 days, indicating a marketing time trend of 0-3 months.

Statistics indicate historically high foreclosure activity which suggests that future declines from bank sales and other potentially distressed selling activity, such as short sales, are possible.  They also suggest that banks may be withholding inventory from the market, presumably to promote property value stabilization and increases, and that property value statistics may not reflect natural market forces and may not be reliable.  A continuing supply of potential foreclosures indicate that the risk of property value declines will continue into the near future.

Foreclosure / Short Sale Related Statistics:
Past 30 Days (MLS)
* 26 Total Sales
* 38% of all sales were bank sales
* 46% of all sales were short sales

1 Year Ago (MLS)
* 50 Total Sales
* 64% of all sales were bank sales
* 28% of all sales were short sales

Currently:
* 265 Bank owned homes (CoreLogic)
* 233 Properties in foreclosure (CoreLogic)
* 152 Properties with mortgages 60+ days late but not in foreclosure (CoreLogic)
* 74 Bank listings in MLS (active, in escrow, and awaiting bank approval)
* 72% of bank owned homes not actively listed in the MLS
* 30 Months of current and potential bank sale and short sale inventory from bank owned properties, properties in foreclosure, and properties with mortgages 60+ days late and based on last months sales in the local MLS.


Brian Ward
Real Estate Appraiser
brianwardappraisal@gmail.com

Palm Desert, CA Housing Statistics

When comparing the most recent 3 month period with the same period last year the median $/Sqft of properties in the city of Palm Desert, CA zip code of 92027 decreased from $161.70 to $159.50 which is a 1.4% decrease but indicates a stable property values trend.  There are currently 8.5 months of housing inventory indicating a balanced supply and demand trend.  Over the past month, properties sold after a median marketing period of 105 days and an average marketing time of 155 days, indicating a marketing time trend of 3-6 months.

Statistics indicate historically high foreclosure activity which suggests that future declines from bank sales and other potentially distressed selling activity, such as short sales, are possible.  They also suggest that banks may be withholding inventory from the market, presumably to promote property value stabilization and increases, and that property value statistics may not reflect natural market forces and may not be reliable.  A continuing supply of potential foreclosures indicate that the risk of property value declines will continue into the near future.

Foreclosure / Short Sale Related Statistics:
Past 30 Days (MLS)
* 68 Total Sales
* 22% of all sales were bank sales
* 13% of all sales were short sales

1 Year Ago (MLS)
* 65 Total Sales
* 35% of all sales were bank sales
* 2% of all sales were short sales

Currently:
* 287 Bank owned homes (CoreLogic)* 305 Properties in foreclosure (CoreLogic)
* 229 Properties with mortgages 60+ days late but not in foreclosure (CoreLogic)
* 61 Bank listings in MLS (active, in escrow, and awaiting bank approval)
* 79% of bank owned homes not actively listed in the MLS
* 34 Months of current and potential bank sale and short sale inventory from bank owned properties, properties in foreclosure, and properties with mortgages 60+ days late and based on last months sales in the local MLS.

Brian Ward
Real Estate Appraiser

brianwardappraisal@gmail.com

brianwardappraisal@gmail.com
http://www.palmdesertappraiser.com

Escondido, CA 92027 Housing Statistics

When comparing the most recent 3 month period with the same period last year the median $/Sqft of properties in the Escondido zip code of 92027 increased from $152.42 to $180.91 which is a 19% increase and indicates an increasing property values trend.  When comparing the most recent 3 month period with the previous 3 month period the median $/Sqft of properties decreased 2.9% indicating that although property values increased over the past year, it has stabilized recently.  There are currently 7.6 months of housing inventory indicating a balanced supply and demand trend.  Over the past month, properties sold after a median marketing period of 33 days and an average marketing time of 77 days, indicating a marketing time trend of under 3 months.

Statistics indicate historically high foreclosure activity which suggests that future declines from foreclosures and other distressed selling activity, such as short sales, are possible.  They also suggest that banks may be withholding inventory from the market, presumably to promote property value stabilization and increases, and that property value statistics may not reflect natural market forces and may not be reliable.  A continuing supply of potential foreclosures indicate that the risk of property value declines will continue into the near future.

Foreclosure / Short Sale Related Statistics:
Past 30 Days
* 48 Total Sales
* 19% of all sales were bank sales
* 26% of all sales were short sales

1 Year Ago
* 82 Total Sales
* 41% of all sales were bank sales
* 16% of all sales were short sales

Currently:
* 106 Bank owned homes
* 249 Properties in foreclosure
* 162 Properties with mortgages 60+ days late but not in foreclosure
* 42 Bank listings in MLS (active, in escrow, and awaiting bank approval)
* 60% of bank owned homes not actively listed in the MLS
* 24 Months of current and potential bank sale and short sale inventory from bank owned properties, properties in foreclosure, and properties with mortgages 60+ days late and based on last months sales in the local MLS.

Brian Ward
Real Estate Appraiser
Escondido@ca-appraiser.com
http://escondido.ca-appraiser.com/

San Diego, CA 92154 Housing Statistics

The median $/Sqft of properties over the past year changed +2.3% when comparing the most recent 3 month period with the same period last year, indicating a stable property values trend.  There are currently 7.4 months of housing inventory indicating a balanced supply and demand trend.  Over the past month, properties sold ofter a median marketing period of 40 days and an average marketing time of 76 days, indicating a marketing time trend of under 3 months.

Statistics indicate historically high foreclosure activity which suggests that future declines from foreclosures and other distressed selling activity, such as short sales, are possible.  They also suggest that banks may be withholding inventory from the market, presumably to promote property value stabilization and increases, and that property value statistics may not reflect natural market forces and may not be reliable.  A continuing supply of potential foreclosures indicate that the risk of property value declines will continue into the near future. 

Foreclosure / Short Sale Related Statistics:

Past 30 Days

* 56 Total Sales

* 29% of all sales were bank sales

* 27% of all sales were short sales

1 Year Ago

* 70 Total Sales

* 50% of all sales were bank sales

* 19% of all sales were short sales

Currently:

* 157 Bank owned homes

* 360 Properties in foreclosure

* 222 Properties with mortgages 60+ days late but not in foreclosure

* 66 Bank listings in MLS (active, in escrow, and awaiting bank approval)

* 58% of bank owned homes not actively listed in the MLS

* 24 Months of current and potential bank sale and short sale inventory for bank owned properties, properties in foreclosure, and properties with mortgages 60+ days late and based on last months sales in the MLS.

Brian Ward
Real Estate Appraiser

brianwardappraisal@gmail.com

San Diego, 92103 Housing Statistics

When comparing the most recent 6 month period with the same period last year, the median $/Sqft of properties in the San Diego zip code of 92103, the median price $/Sqft increased from $426.15 to $428.59 which is a 0.5% increase and indicates a steady property values trend.  There are currently 7.4 months of housing inventory indicating a balanced supply and demand trend.  Over the past month, properties sold ofter a median marketing period of 28 days and an average marketing time of 59 days, indicating a marketing time trend of under 3 months.  According to Sandicor MLS, the number of sales has decreased 28% while the ratio of bank sales and short sales to total sales has increased 256%.

Statistics indicate historically high foreclosure activity which suggests that future declines from foreclosures and other distressed selling activity, such as short sales, are possible.  They also suggest that banks may be withholding inventory from the market, presumably to promote property value stabilization and increases, and that property value statistics may not reflect natural market forces and may not be reliable.  A continuing supply of potential foreclosures indicate that the risk of property value declines will continue into the near future.

Foreclosure / Short Sale Related Statistics:

Past 30 Days

* 25 Total Sales

* 24% of all sales were bank sales

* 16% of all sales were short sales

1 Year Ago

* 32 Total Sales

* 9% of all sales were bank sales

* 6% of all sales were short sales

Currently:

* 98 Bank owned homes

* 56 Properties in foreclosure

* 49 Properties with mortgages 60+ days late but not in foreclosure

* 20 Bank listings in MLS (active, in escrow, and awaiting bank approval)

* 80% of bank owned homes not actively listed in the MLS

* 20 Months of current and potential bank sale and short sale inventory for bank owned properties, properties in foreclosure, and properties with mortgages 60+ days late and based on last months sales in the local MLS.

Brian Ward
Real Estate Appraiser

brianwardappraisal@gmail.com