2015 Sales Report for Homes in Scripps Ranch, Rancho Bernardo and Mira Mesa

Single family homes sales remained strong in 2015 in our I-15 corridor of San Diego.  From January 1, 2015 to December 31, 2015 home sales for the following communities are as follows:

Mira Mesa Scripps Ranch Rancho Bernardo
609 Single Family homes sold  471 Single Family homes sold  471 Single Family homes sold
(down 10% from 2014)  (down 12% from 2014)  (down 10% from 2014)
 Average Sales price = $433,482   Average Sales price = $686,593   Average Sales price = $674,900
 (Up 8% from 2014)  (down 10% from 2014)  (down 10% from 2014)
 Median Sales price = $464,500  Median Sales price = $464,500  Median Sales price =  $464,500
 (Up 8% from 2014)  (down 10% from 2014)  (down 10% from 2014)

2016 is predicted by most economist to continue to see modest gains in San Diego’s housing community with modest appreciation. Interest rates have slowly begun to rise although they are still at historic lows.  This coupled with rising property values, now is the time to jump into San Diego Home ownership before rates make payments cost prohibited.  Give me a ring today….I can help!

 

 

Inventory Rises Slightly in San Diego’s Real Estate Market

The following data is taken directly from San Diego’s Multiple Listing Service. It is a snapshot of San Diego’s housing market for the 1-15 corridor as well as the Metro areas of San Diego. Going back 30 days for the month of August, the data illustrates a general trend of building inventory, decreasing short sales and solid pending sales as well as closed sales.  In both single family homes, as well as condos, throughout San Diego we see a slight slow down in San Diego’s housing market. More importantly, we also see a dwelling number of distressed sales; a steady trend since the first of the year.

Feel free to look back over last months snapshot, found in my blog here, for a quick comparison of numbers. One of the largest areas of inventory increase was seen in Rancho Bernardo. Conversely, the area with the shortest increase of available homes for sale is the popular Hillcrest and Mission Hills area.

Scripps Ranch, Rancho Penasquitos and Mira Mesa saw a steady increase in available homes for sale during the month of August. Condo listings in these same areas also increased. As the summertime comes to an end it is normal to see a gradual easing off of home sales.

One important note, homes in desirable areas which are well priced and well taken care of , sell fast and with multiple offers.  So just because we are entering the “slow” season for real estate don’t delay when you find a home you love!  It’s worth it!

    

Condo Icon 2 - Copy

 

 

 

Active

 

 

 

Contingent

 

 

 

Pending

 

 

 

Closed

Scripps Ranch

42

4

25

82

Rancho Penasquitos

23

7

18

17

Mira Mesa

31

14

36

23

Rancho Bernardo

106

20

76

82

Hillcrest/Mission Hills

73

8

28

24

University Heights/Kensington

20

13

15

13

North Park

40

8

30

22

Talmadge/El Cerrito

20

6

20

13

        

Homes Icon

 

 

 

Active

 

 

 

Contingent

 

 

 

Pending

 

 

 

Closed

Scripps Ranch

64

7

46

41

Rancho Penasquitos

42

9

59

38

Mira Mesa

39

24

60

32

Rancho Bernardo

195

21

138

90

Hillcrest/Mission Hills

55

1

18

13

University Heights/Kensington

33

3

33

22

North Park

46

0

27

24

Talmadge/El Cerrito

71

24

62

33

 

Active Listings:            Homes currently on the market without an accepted offer.
 
Contingent Listings:   Homes with an accepted offer contingent on seller’s approval.  Often these homes are short sales           contingent on lien holder approval.
 
Pending Listings:       Homes currently in escrow.
 
Closed:                          Homes which have closed escrow.

 

 

 

 

 

 

          

       

Inventory Rises in San Diego’s Real Estate Market

The following data is taken directly from San Diego’s Multiple Listing Service.  It is a snapshot of San Diego’s housing market for the 1-15 corridor as well as the Metro areas of San Diego.  It looks back over the last 30 days (month of July).  As you can see San Diego’s real estate market is changing:  available inventory is building, short sales continue to dwindle and pending sales continue to remain high.        

Condo Icon 2 - Copy

 

 

 

Active

 

 

 

Contingent

 

 

 

Pending

 

 

 

Closed

Scripps Ranch

40

5

28

20

Rancho Penasquitos

20

4

31

14

Mira Mesa

18

22

41

14

Rancho Bernardo

74

26

108

75

Hillcrest/Mission Hills

69

8

36

24

University Heights/Kensington

20

12

17

14

North Park

42

8

32

18

Talmadge/El Cerrito

15

10

17

23

        

Homes Icon

 

 

 

Active

 

 

 

Contingent

 

 

 

Pending

 

 

 

Closed

Scripps Ranch

40

5

28

20

Rancho Penasquitos

20

4

31

14

Mira Mesa

18

22

41

14

Rancho Bernardo

74

26

108

75

Hillcrest/Mission Hills

69

8

36

24

University Heights/Kensington

20

12

17

14

North Park

42

8

32

18

Talmadge/El Cerrito

15

10

17

23

 

Active Listings:            Homes currently on the market without an accepted offer.
 
Contingent Listings:   Homes with an accepted offer contingent on seller’s approval.  Often these homes are short sales           contingent on lien holder approval.
 
Pending Listings:       Homes currently in escrow.
 
Closed:                          Homes which have closed escrow.

 

 

 

 

 

 

          

       

New Mira Mesa Listing HOT HOT HOT

  Homes like this one don’t come around often.  Loved and cared for by the same family for over 11 years, this 3 bedroom 2 bath home is perfect for a starter home or those looking to downsize.

Peaceful and spacious backyard, completely remodeled interior, open floor plan…..what more could you ask for?

Seller will entertain all offers between $429,000 and $449,000.  Don’t delay, this one won’t be around for long!

 

 

   

All rights reserved. All information deemed reliable but not guaranteed.