Rancho Bernardo Real Estate Market Conditions & Reports, Rancho Bernardo Market Trends, California

Market Commentary Provided by Carol Newbrough

Report Date

Spring 2010

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CONNECT WITH A LOCAL PROFESSIONAL

Carol Newbrough
CENTURY 21 UNITED BROKERS
San Diego, California
858-204-0487
carol.newbrough@century21.com
Agent Home Page

Nearest Metro Area

Buyers’ or Sellers’ Market

More sellers than buyers

Average Time on Market

90-120 days

Market Trend

Increasing

Housing Inventory

Good supply - Some Prices

Average Home Price

$450,000 - View Graph Trend

Best Selling Price Range

Worst Selling Price Range

Compared to Last Year

Down 25-30%

Prices As % of Asking Price

80-85%

Multiple Offers?

Greatest Activity

First Time Buyers

Buyer Activity for the past 90 days in Rancho Bernardo is

Seller Activity for the past 90 days in Rancho Bernardo is

Is Financing Available For Qualified Buyers in Rancho Bernardo?

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

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.

Reason to Buy/Sell

Other

Average Sold Price

$450,000 - 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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