Poway home and townhouse sales market report. Recent data gathered by staistical reporting agencies show that one in ten CA. homeowners is 60 days late on their mortgage and approximately 2,500,000 CA. homeowners are upside down, owe more on their home than it's worth The Federal Housing Administration- FHA has just launched a program designed to help homeowners in the aforementioned scenario. The " FHA Short Refi" loan will pay off existing mortgage loans, re-appraise the property at current market value and create a new mortgage based on the new appraised value. Contact me for more details. Locally, the key metrics below will provide some insight into the Poway single family home, condo/townhome market and a link to the most recent inventory of duplexes, triplexes and fourplexes to come into the market:
Poway Single Family Homes
- September, 2010: Poway Homes for Sale: 330 (Active, contingent, and pending)
- September, 2010: Poway Months of Inventory: 10.9
- August, 2010: Poway Median Home Price $487,000; 6% lower than August, 2009
- August, 2010: Poway Homes Sold: 28; 20% lower than August, 2009
Poway Condos and Townhomes
- September, 2010: Poway Condos for Sale: 24(Active, contingent, and pending)
- September, 2010: Poway Months of Inventory (Condos): 7.1
- August, 2010: Poway Median Condo Price: $320,000; 88% higher than August, 2009
- August, 2010: Poway Condos Sold: 3; 50% higher than August, 2009 for the full North County Real Estate Report please visit my website and view for free a 23 page statistical review.
Thanks for reading
Stephen MacLeod
Highland Realty
Poway Duplexes and Fourplexes agent
Comments(0)