Mira Mesa Homes for Sale - Months of Inventory - February 15, 2010

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Mira Mesa homes for sale are marked both by their price range and their limited supply.  As of this point, the most expensive homes in the area are limited to four (4) months of inventory.  This is clearly a seller's market.

Mira Mesa Real Estate and Homes for Sale - Months of Inventory - February 15, 2010

Surprisingly (or not), Mira Mesa home prices did decline 2.6% on average during 2009.  However, it appears that the bottom has already been hit.

Based on the current statistics, I should expect that we will see a substantial price increase across the board this spring / summer.  I doubt that the first-time homebuyer tax credit expiration will have much of an effect.  More likely to affect values will be the unleashing of foreclosures on the market, but the banks have been reticent to do so up to this point.


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mira mesa real estate and homes for sale months of inventory february 15

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Clason Whitney
Coldwell Banker Pro West Real Estate - Medford, OR
"Your Proactive, Trusted Real Estate Advisor"

That is fabulous news Robert I really hope your area does get healed up because Southern California is a feeder market for Southern Oregon, if they can't sell there they can not buy here.

Best of luck!

Feb 17, 2010 06:55 PM #1
William True
True Sarasota Real Estate - Sarasota, FL
Sarasota Real Estate

Glad to hear your market in doing well. We're still in a buyers market here in Sarasota, but the inventory has been dwindling.

Feb 17, 2010 08:05 PM #2
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Robert T. Boyer

San Diego Real Estate & Mortgage Loans, Ph.D. | VA Home Loan
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