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Poway Real Estate Market Snapshot (April-2011)

By
Real Estate Agent with Highland Home Watch CA00865259 AZBR663602000

Poway Real Estate Market Snapshot (April-2011)  Market trends indicate that Poway home prices have hit the bottom in the $400,000 and below range. The key metrics below will provide some insight into the Poway single family home, condo/townhome market and a link to the most recent inventory of duplexes, triplexes and fourplexes to come into the market:                              

Poway Single Family Homes

  • April, 2011: Poway Homes for Sale: 275 (Active, contingent, and pending)
  • April, 2011: Poway Months of Inventory: 9.1
  • March, 2011: Poway Median Home Price $460,000; 16% lower than March, 2010
  • March, 2011: Poway Homes Sold: 49; 32% higher than March, 2010

Poway Condos and Townhomes

  • April, 2011: Poway Condos for Sale: 33 (Active, contingent, and pending)
  • April, 2011: Poway Months of Inventory (Condos): 9.5
  • March, 2011: Poway Median Condo Price: $225,000; 24% lower than March, 2010
  • March, 2011: Poway Condos Sold:4;20% lower than March, 2010

This snapshot is a quick summary from The North county Real Estate Report, a free 23 page real estate market report covering all cities in the North County of San Diego. Feel free to browse the current issue and subscribe to The North County Real Estate Report any time.  

Thank you for reading!

Stephen MacLeod
Poway Realtor®

Highland Realty

Comments(2)

Art Welch
Superstars Realty - Buckeye, AZ
Broker

What was your sales volume the same period 2006?

Of the sales where are your REO numbers, short sales and standard sales?

Thanks for the info

Apr 14, 2011 05:30 PM
Stephen MacLeod
Highland Home Watch - Lake Havasu City, AZ
Arizona and California Broker and Property Manager

Hello Art,

The Poway Sales in March for 2006 was 42, including single family and townhouses.

I don't have solid percentages for short sale, Reo, and equity sales but they run around 60% Reo and short sales VS. 40% equity sales.

Yours in success,

Stephen

Highland Realty

Apr 14, 2011 05:50 PM