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Rancho Bernardo attached market update for 92127, 92128 January 2012

By
Services for Real Estate Pros with Award Referral Network Inc. DRE#00915227

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Well, here we are in January 2012, and in this first quarter of the year we are looking at a lot of attached inventory available in Rancho Bernardo for one reason or another. There are currently 146 attached properties that are active, 43 of them priced at $200,000 and below. The lowest priced condo on the market is in the 92127 zip code and is priced at only $139,998, most likely a short sale, but still in a very desirable community. Mixed in the inventory there is about 17% age-restricted properties, which means you need to be at least 55 to live in these areas.About 39 properties are townhomes or twinhomes and range from $214,900 all way up to $479,000.

In contingent status we have 5 properties, one being a twinhome that has been on the market for over 136 days so far. In pending status, we have 60 properties ranging from a one bedroom priced at $120,000 to twinhome that has had over 134 days on the market priced "ranged up" to $449,888.

In the sold category, good news, we have 24 sold properties in the last 30 days. That's a good sign that deals are still closing although it seems like a snail's pace, some properties still have some short escrows when there is no lender involved. For example, 6 of those that closed escrow, spent less than 30 days on the market. That's encouraging to say the least. So, there you have it, your Rancho Bernardo attached market update for 92127, 92128 January 2012.

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