La Mesa End-of-Year Real Estate Market Snapshot

By
Real Estate Broker/Owner with Steele Group Realty BRE# 01474222
http://activerain.com/droplet/4Ypq

The numbers are in for November and December, up to today’s date, 12/29/16 and La Mesa continued to see price increases as the year closes. Here is a quick update comparing the same time period last year.

 

91941 Single Family Homes – 11/1/16 – 12/29/16

Homes sold – 49, up slightly from 45 in 2015

Median price - $549,000, up from $500,000 in 2015.   9.1% increase in price

Days on market – 19, down from 28 on 2015

 

91942 Single Family Homes – 11/1/16 – 12/29/16

Homes sold – 38, up slightly from 35 in 2015

Median price - $527,000, up from $445,000 in 2015.   8.4% increase in price

Days on market – 14, nearly matching 15 days in 2015

 

91941 Attached Homes – 11/1/16 – 12/29/16

Homes sold – 2, down from 10 in 2015

Median price - As there were only 2 sales in this zip code we can’t derive an accurate median price or marketing time. Last year the median price was $237,500 and the days on market, 33.

 

91942 Attached Homes – 11/1/16 – 12/29/16

Homes sold – 17, down from 20 in 2015

Median price - $345,000, up from $274,500 in 2015.   7.9% increase in price

Days on market – 16 days for both this year and 2015

 

So what does this mean for La Mesa homeowners considering selling or those who want to buy?  I find it interesting that despite the holidays we still saw an increase in the number of single family homes sold.  Heading into the New Year inventory remains tight and homes are selling in less than 20 days so I don’t think we’ll see any drop in price.   However, I do predict that appreciation will slow as the year progresses. We might even see a slight drop in overall volume by summer as some would-be buyers and sellers wait to see how the economy fares under the new administration.  .

 

If you’re ready to buy or sell in La Mesa.   Please start your search here or give me a call. I’ve lived in this area for most of my life and would be happy to share my knowledge about the many wonderful neighborhoods in La Mesa.

 

Photo courtesy of AARE.   The home pictured is an active listing on Mt. Helix.   Please contact me for more information.

Posted by

Your Personal San Diego County Real Estate Consultant

                                                          619-846-9249

www.martikilby.com

http://insidesandiegoshortsales.com

Taking the "Stress" Out of Distressed Property Sales

       

 

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Rainmaker
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Myrl Jeffcoat
GreatWest Realty - Sacramento, CA
Greater Sacramento Real Estate Agent

Good information for buyers and sellers in the La Mesa real estate marketplace, Marti!

Dec 29, 2016 04:44 PM #1
Rainmaker
1,404,277
Lise Howe
Keller Williams Capital Properties - Washington, DC
Assoc. Broker and Attorney Licensed in DC, MD, VA,

thanks for the market update! I love seeing what is going on in different parts of the country- lets me prepare my clients for what is coming here.

Dec 29, 2016 08:45 PM #2
Rainmaker
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Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

This is good information for home buyers and sellers in your market area. I hope they will call you.

Dec 30, 2016 05:17 AM #3
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Chris Ann Cleland
Long and Foster REALTORS®, Gainesville, VA - Bristow, VA
Associate Broker, Northern VA

Great information for La Mesa's market.  Buyers and sellers wanting to jump in the market would be wise to call you.

Dec 30, 2016 12:05 PM #4
Rainmaker
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Laura Allen, Lake Tahoe - Truckee Real Estate for Sale www.TahoeLauraLuxuryHomes.com
Coldwell Banker, Tahoe City, CA (530) 414-1260 - Tahoe City, CA
Tahoe Real Estate Agent Helping Buyers and Sellers

Marti Steele Kilby - Another excellent real estate market update for the La Mesa area!  I hope buyers and sellers call you for more information and market insight!

Dec 30, 2016 12:53 PM #5
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Debe Maxwell, CRS
www.AtHomesCharlotte.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
Charlotte Homes for Sale - Charlotte Neighborhoods

Excellent market report for La Mesa, Marti Steele Kilby!  Happy New Year to you and yours!  I hope 2017 is your best year EVER!

Jan 01, 2017 08:40 PM #6
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Rainmaker
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Marti Steele Kilby, CRS

Broker/Owner, San Diego, CA
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