In the San Diego zip code of 92120 and according to Sandicor MLS: When comparing the most recent 6 month period with the same period last year, the median $/Sqft changed -9% and the median sale price changed -3%. When comparing the most recent 6 month period with the previous 6 month period, the median $/Sqft changed -4% and the median sale price changed -2%. Based on the current active listings and the number of sales over the past 30 days, there are currently months of housing inventory and the median marketing time for closed sales has been 66 days. Over the past year 30% of all sales were bank sales (14%) or short sales (16%). Also, 6% of all sales were undeclared in terms of their sales restrictions and agents regularly fail to categorize their bank/short sale listings so the actual ratios of these sales are likely higher.
Tue, 24 Jan 2012 05:24:00 +0000
Spring Valley, CA 91977 Home Values - Annual Decline, Steady Recently - as of 01/23/2012
According to Sandicor MLS: In Springs Valley, CA 91977 - when comparing the most recent 6 month period with the same period last year, the median $/Sqft changed -7% and the median sale price changed -4%. When comparing the most recent 6 month period with the previous 6 month period, the median $/Sqft changed 0% and the median sale price changed -2%. Based on the current active listings and the number of sales over the past 30 days, there are currently 3 months of housing inventory and the median marketing time for closed sales has been 44 days. Over the past year 48% of all sales were bank sales (28%) or short sales (19%). Also, 5% of all sales were undeclared in terms of their sales restrictions and agents regularly fail to categorize their bank/short sale listings so the actual ratios of these sales are likely higher.
Brian Ward
Spring Valley Real Estate Appraiser
(888) 844-1733
Brian Ward
Spring Valley Real Estate Appraiser
(888) 844-1733
Sat, 31 Dec 2011 00:23:00 +0000
Imperial Beach, CA Property Values are in Decline - 12/27/2011
In the city of Imperial Beach, when comparing the most recent 6 month period with the same period last year, the median $/Sqft in Imperial Beach declined. When comparing the most recent 6 month period with the previous 6 month period, the median $/Sqft declined 7.3%. These measures indicate a decline in property values in the Subject’s market area over the past year. I consider the median $/Sqft the most reliable indicator of the property value trends as it is the measure that takes into account changes in what buyers are able to buy for the same money between the periods as well as a change in the middle price trend. I also consider the comparison of periods between years to be more reliable than shorter term trends because shorter term trends do not consider seasonal purchasing trends.
Based on the past month’s sales and current active listings, there are currently 5.8 months of housing inventory which indicates a balanced demand/supply trend. Over the past 30 days properties have sold after a median of 91 days of market exposure which indicates a marketing time trend of 90 to 180 days.
54.5% of all sales over the past year had sales restrictions (typically bank or short sales), per the multiple listing service. Agents do not accurately report sales restrictions and the actual ratio of bank/short sales is potentially higher.
Brian Ward
State of California Real Estate Appraiser
(888) 844-1733
In the city of Imperial Beach, when comparing the most recent 6 month period with the same period last year, the median $/Sqft in Imperial Beach declined. When comparing the most recent 6 month period with the previous 6 month period, the median $/Sqft declined 7.3%. These measures indicate a decline in property values in the Subject’s market area over the past year. I consider the median $/Sqft the most reliable indicator of the property value trends as it is the measure that takes into account changes in what buyers are able to buy for the same money between the periods as well as a change in the middle price trend. I also consider the comparison of periods between years to be more reliable than shorter term trends because shorter term trends do not consider seasonal purchasing trends.
Based on the past month’s sales and current active listings, there are currently 5.8 months of housing inventory which indicates a balanced demand/supply trend. Over the past 30 days properties have sold after a median of 91 days of market exposure which indicates a marketing time trend of 90 to 180 days.
54.5% of all sales over the past year had sales restrictions (typically bank or short sales), per the multiple listing service. Agents do not accurately report sales restrictions and the actual ratio of bank/short sales is potentially higher.
Brian Ward
State of California Real Estate Appraiser
(888) 844-1733
Fri, 30 Dec 2011 20:21:00 +0000
San Diego, CA 92128 - House Values in Decline - 12/29/2011
When comparing the most recent 6 month period with the same period last year, the median $/Sqft declined 8.6%. When comparing the most recent 6 month period with the previous 6 month period, the median $/Sqft declined 4.7%. These measures indicate a consistent decline in property values in the 92128 zip code over the past year. I consider the median $/Sqft the most reliable indicator of the property value trends as it is the measure that takes into account changes in what buyers are able to buy for the same money between the periods as well as a change in the middle price trend. I also consider the comparison of periods between years to be more reliable than shorter term trends because shorter term trends do not consider seasonal purchasing trends.
Based on the past month’s sales and current active listings, there are currently 3.9 months of housing inventory which indicates a balanced demand/supply trend. Over the past 30 days properties have sold after a median of 45 days of market exposure which indicates a marketing time trend of under 90 days.
25.6% of all sales over the past year had sales restrictions (typically bank or short sales), per the multiple listing service. Agents do not accurately report sales restrictions and the actual ratio of bank/short sales is potentially higher.
Brian Ward
State of California Real Estate Appraiser
Houses, Condominiums, and Vacant Land
b@ward.pro
(888) 844-1733
Based on the past month’s sales and current active listings, there are currently 3.9 months of housing inventory which indicates a balanced demand/supply trend. Over the past 30 days properties have sold after a median of 45 days of market exposure which indicates a marketing time trend of under 90 days.
25.6% of all sales over the past year had sales restrictions (typically bank or short sales), per the multiple listing service. Agents do not accurately report sales restrictions and the actual ratio of bank/short sales is potentially higher.
Brian Ward
State of California Real Estate Appraiser
Houses, Condominiums, and Vacant Land
b@ward.pro
(888) 844-1733