La Mesa Real Estate Market Conditions & Reports, La Mesa Market Trends, California

Market Commentary Provided by Ursula Santiago
In general real estate advisors in San Diego County say that two-thirds of all of the homes foreclosed and resold in the first quarter of 2008 were in 20 of the 90 communities in the county. As you might expect, most of those “0” foreclosure sales were in communities near the coast. Of those low foreclosure communities, most were in the highly ranked school districts, such as Grossmont.

Report Date

Winter 2010

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CONNECT WITH A LOCAL PROFESSIONAL

Ursula Santiago
Coldwell Banker Residential Brokerage
San Diego, California
619-508-2077
UrsulaSantiago@ColdwellBanker.com
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Nearest Metro Area

Buyers’ or Sellers’ Market

More buyers than sellers

Average Time on Market

90-120 days

Market Trend

Increasing

Housing Inventory

Good supply - Some Prices

Average Home Price

$475,000 - View Graph Trend

Best Selling Price Range

Worst Selling Price Range

Compared to Last Year

Down 5-10%

Prices As % of Asking Price

90-95%

Multiple Offers?

Yes

Greatest Activity

First Time Buyers

Buyer Activity for the past 90 days in La Mesa is

Seller Activity for the past 90 days in La Mesa is

Is Financing Available For Qualified Buyers in La Mesa?

Existing Home Prices for the past 90 days are

What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales?

Housing Hot Spots

Mount Helix, Lake Murray, Grossmont and Casa De Oro

Reason to Buy/Sell

Other

Average Sold Price

$475,000 - View Graph Trend

National Real Estate Market

National Summary: National Housing Market Recovery Near?

Latest HouseHunt Random Survey Finds Encouraging Signs - First Time Buyers Taking Advantage of $8,000 Tax Credit

Like the legendary phoenix which rose renewed from its ashes, the U.S. housing market appears to be on the verge of emerging from the worst real estate market in three years. Several encouraging signs are there.

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