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Winter 2012 Market Update
If you can qualify, now is an exceptional time to buy a home in Rancho Bernardo. Low rates with falling home prices makes a home purchase a great value! Call now for more information at 858-231-4161
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| Average Home Price | $450,000 - View Graph Trend |
| Average Price Compared to Last Year | Down 10-15% |
| Average Time on Market | 90-120 days |
| Best Selling Price Range | $400,000 - $449,000 |
| Worst Selling Price Range | $850,000 - $899,000 |
| Prices As % of Asking Price | 80-85% |
| Existing Home Prices for the past 90 days are? | No Change |
| Market Trend | No Change |
| Buyers’ or Sellers’ Market | More sellers than buyers |
| Buyer Activity for the past 90 days in Rancho Bernardo is | No Change |
| Seller Activity for the past 90 days in Rancho Bernardo is? | Increasing |
| Multiple Offers? | No |
| What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales? | 20-25% |
| Is Financing Available For Qualified Buyers? | Yes |
| Housing Inventory | Good supply - Some Prices |
| Greatest Activity | Repeat Buyers |
| Reason to Buy/Sell | Lower prices with good selection and competitive interest rates creates a perfect time to buy in Rancho Bernardo! |
| Nearest Metro Area | San Diego |
| Housing Hot Spots | Mira Mesa is a great investment area, with prices very low for detached homes, centrally located to all of San Diego. Poway Unified School District is very desireable and home prices are now more affordable for homebuyers with children. |
| Average Sold Price | $450,000 - View Graph Trend |
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Mark Schauder
Weichert Realtors, Elite
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