La Mesa Homes For Sale And The Market
Hi People. Please scrutinize the things you read, even this. The news media takes some basic stats, with out explaining them, and throws them at us and either gets us feeling too good, or too bad about our housing situation.
The San Diego Union-Tribune came out with a huge graph of all the zip codes in the county and how much those zip codes appreciated, depreciated, and how many homes they sold compared to last year. Today, we'll just focus on La Mesa Homes For Sale And The Market, 91941.
So, digging into the La Mesa Homes For Sale And The Market we see that in August of 2010 the percentage change was 12.5% from August of 2009 for single family homes. Going from $380,000 in '09 to $427,500 in'10. That is a huge jump and very misleading.
In August of '09 there were 32 single family homes that sold in La Mesa's 91941 (Which, by the way, has most of 70th street all the way to Mt Helix, from Highway 94 almost up to the 8. Very diversified). 19 of those homes sold for under $400K, the lowest priced home went for $180K. There were 13 homes that sold for over $400K, the highest priced one sold for $730K.
Now, in 2010 there were 23 homes that sold. Only 8 of those were under $400K, the lowest was sold at a $285K. Then there was 15 homes that sold over $400K, the big daddy being sold at $1.2 MILLION (Had to capitalize that one).
Now, can you see how the #s do not paint the entire picture? '09 was selling dogs and in 2010 they were selling some good stuff.
Does that mean the #s do not mean anything? Of course not. The biggest thing to take from these stats is that people who own expensive homes feel like it's a good time to sell. People with some money feel like it's a good time to buy.
Just don't let the media tell you that things are great, or that things are horrible. Ask your Realtor to run some comps on La Mesa Homes For Sale And The Market, or homes in your area and you determine what it looks like.