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Over 35,000 new and resale homes closed escrow in California during July 2010, down 22% from one year ago when 45,079 sales closed escrow. Statewide, sales volume is showing a downward trend in recent months. One factor contributing to the sales decline was buyers taking advantage of the state and federal tax credits through the first quarter of 2010. Locally the key metrics below will provide some insight into the 4S Ranch single family home, and condo/townhome market:
4S Ranch Single Family Homes
- September, 2010: 4S Ranch Homes for Sale: 77 (Active, contingent, and pending)
- September, 2010: 4S Ranch Months of Inventory: 6.9
- August, 2010: 4S Ranch Median Home Price $675,000; 3% higher than August, 2009
- August, 2010: 4S Ranch Homes Sold: 35; 6% higher than August, 2009
4S Ranch Condos and Townhomes
- September, 2010: 4S Ranch Condos for Sale: 98 (Active, contingent, and pending)
- September, 2010: 4S Ranch Months of Inventory (Condos): 5.9
- August, 2010: 4S Ranch Median Condo Price: $300,000; 7% lower than August, 2009
- August, 2010: 4S Ranch Condos Sold: 16; 23% higher than August, 2009
This snapshot is a quick summary from The North county Real Estate Report, a free 23 page real estate market report covering all cities in the North County of San Diego. Feel free to browse the current issue and subscribe to The North County Real Estate Report any time.
Thank you for reading
Stephen MacLeod
Highland Realty
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