Scripps Ranch San Diego California real estate market update. Across the U.S. homes sales in the month of December were the highest they have been since 1997. Housing economists are forecasting 2011 home sales to be up from 4% to 10% year-over-year and new construction to be up by 20%. In Scripps Ranch the following statistics will provide some insight into the Scripps Ranch single family and condo/townhome market:
Scripps Ranch Single Family Homes
- January, 2011: Scripps Ranch Homes for Sale: 132 (Active, contingent, and pending)
- January, 2011: Scripps Ranch Months of Inventory: 5.4
- December, 2010: Scripps Ranch Median Home Price $643,000; 7% higher than December, 2009
- December, 2010: Scripps Ranch Homes Sold: 32; 10% lower than December, 2009
Scripps Ranch Condos and Townhomes
- January, 2011: Scripps Ranch Condos for Sale: 88 (Active, contingent, and pending)
- January, 2011: Scripps Ranch Months of Inventory (Condos): 5.7
- December, 2010: Scripps Ranch Median Condo Price: $348,000; 5% lower than December, 2009
- December, 2010: Scripps Ranch Condos Sold: 14; 18% lower than December, 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
Broker/Owner
Highland Realty
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