Point Loma Real Estate Market Report April 2013 and Homes For Sale
The Point Loma Peninsula in San Diego is a wonderful place to call home! A great central location, Point Loma is close to everything terrific about "America's Finest City". There is fairly easy access to the two main highways, I-5 which goes north and south, and I-8 east and west. Point Loma is a hilly peninsula and has several beautiful neighborhoods, such as, Sunset Cliffs, La Playa, Loma Portal, Fleetridge, Roseville, Liberty Station and, ever popular, Ocean Beach. Many of the neighborhoods are primarily residential with most homes being single family houses. This April Market Report is for single family houses, if you would like information on Town Homes and Condos please click this link to contact The Kelly Mac Group and we will provide that information to you ASAP. To view active listings click to be taken to Point Loma Homes For Sale. You will not only be able to search for homes, but will also find area school information and current Point Loma real estate statistics.
Surrounded by water, and hilly terrain, this affords many Point Loma home owners stunning views! Neighborhoods such as La Playa and Fleetridge are on the San Diego Bay side of the peninsula. Views from homes here, may be of the marinas and yacht clubs on Shelter Island, the San Diego Bay and/or the shimmering skyline of downtown San Diego. Sunset Cliffs, Point Loma Heights and Ocean Beach houses often have lovely views of the majestic Pacific Ocean. Gorgeous homes, landscaping, beaches, restaurants, shopping, location and great schools are all big draws to the community.
Point Loma Real Estate Market Report April 2013:
Point Loma straddles two zip codes, 92106 and 92107. The following information is single family houses, both zip codes, that sold (closed escrow) in April 2013.
Sold Prices: 30 houses sold, the least expensive was a 829 square feet bungalow that sold for $420,000. The most expensive Point Loma house sold in April was a 3,340 square foot house that went for $1,450,000. Our most expensive house, actively for sale in Point Loma, is a historic estate priced at $12,500,000.
Of the houses that sold in April, the Average sales price was $816,194. We have had a Year Over Year increase of about 14% in sold prices. Point Loma is at a five year high (comparable to 2008) but still off our all time "bubble high" in 2006.
Days On Market: One house has a zero Days On Market (DOM), and one was on the market 202 days, which is very unusual. Our average DOM was 26 days, and 13 of the 30 houses sold were only on the market 10 days or less! With such short DOM you can imagine we have quite a few multiple offer situations and bidding wars. Eight of the thirty sold for ask price, seven sold for Over list!
Click to see What your Point Loma House is worth in today's market.
Real Time Demand Analysis:
We use a proprietary tool to stay on top of the market. A lot of data is "old news" but we use current information to provide our clients with "Real Time Demand Analysis". Currently, Point Loma is 1.0 : 1 Real Time Demand. To put this in perspective, a ratio of 2.5 : 1, is a strong Sellers Market, so Point Loma Real Estate is currently a Very Strong Sellers Market. Great for Point Loma home sellers right now, a challenge for buyers.
Just click this link to search Point Loma homes for sale or call our 24/7 Point Loma Real Estate Hotline at 800.928.1672 Ext 750. Remember, we are here to help!
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