Weekly Market Update for Clairemont – 92117 – March 18, 2012
Clairemont, in the 92117 zip code – is a central community located in the city of San Diego, California. Clairemont is comprised of several neighborhoods within the 92117 boundaries: BayPark, Bay Ho, and Clairemont Mesa.
This week, inventory shortage is the hot topic. Typically, Clairemont carries about 80-90 active homes on the market which means we’re approximately 30% low on inventory for the area. We are watching to see if the spring sales season affects inventory and what affect this will have on prices in Clairemont if this continues through to the summer.
Central location
Beyond it’s diversity in housing choices from entry level homes to million dollar views, Clairemont is central to shopping, major freeways (805, 5, 52 and 163), medical facilities (10 minutes from VA hospital, UCSD, Scripps and Sharp), public and private schools, public libraries, and public transportation. It’s located just east of PacificBeach; about 10 minutes from the ocean and just 5 minutes from San Diego’s Mission Bay.
10 Least Expensive Single Family Homes in Clairemont – 92117
As of March 18, 2012
|
Sale Type |
Street |
Bed/Bath |
Est SF |
Price$ |
Days on |
|
|
10 |
Traditional |
4/2 |
1,176 |
$355,000 |
9 |
|
|
9 |
Traditional |
2/1 |
726 |
$355,000 |
52 |
|
|
8 |
Traditional |
3/2 |
1,170 |
$349,900 |
2 |
|
|
7 |
Short Sale |
3/2 |
1,190 |
$339,000 |
17 |
|
|
6 |
Traditional |
3/2 |
1,185 |
$334,900 |
29 |
|
|
5 |
Short Sale |
3/1 |
864 |
$320,000 |
530 |
|
|
4 |
Traditional |
Willamette Ave |
3/1 |
900 |
$319,000 |
26 |
|
3 |
REO |
3/1 |
1,200 |
$300,000 |
28 |
|
|
2 |
REO |
3/1 |
1,018 |
$299,900 |
68 |
|
|
1 |
Short Sale |
2/2 |
1,100 |
$298,500 |
9 |
There are currently 58 houses for sale in 92117 - Clairemont, Bay Ho and BayPark with an average list price of $522,000
48 Pending escrows (Traditional sale escrows) with an average list price of $428,000
35 Contingent escrows (Short Sale escrows) with an average list price of $337,000
Recently sold average price is $417,000 taking on average about 2 months to sell.
as of 03/18/2012 11:00 PM Eastern
|
Product |
||
|
Conforming 1and FHA Loans |
||
|
30-Year Fixed |
4.125% |
4.307% |
|
30-Year Fixed FHA |
3.875% |
4.839% |
|
15-Year Fixed |
3.375% |
3.691% |
|
5-Year ARM |
2.375% |
3.117% |
|
5-Year ARM FHA |
2.750% |
2.999% |
|
Larger Loan Amounts in Eligible Areas – Conforming and FHA.1 |
||
|
30-Year Fixed |
4.250% |
4.382% |
|
30-Year Fixed FHA |
4.000% |
4.923% |
|
5-Year ARM |
2.625% |
3.157% |
|
Jumbo1 Loans – Amounts that exceed conforming loan limits1 |
||
|
30-Year Fixed |
4.625% |
4.760% |
|
5-Year ARM |
2.750% |
3.200% |
If you are interested in the community of Clairemont or any of its neighborhoods, call on the real estate specialist and San Diego native who has made Clairemont her family’s home for 30+ years.
Search Clairemont homes and call me for an appointment to view any of the homes you find.
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