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Rancho Bernardo Real Estate Market Update (January-2011)

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Real Estate Agent with Highland Home Watch CA00865259 AZBR663602000

Rancho Bernardo San Diego Real Estate Market Update (January-2011)

 

As "Baby Boomers" approach retirement age some are considering downsizing their homes.  This could mean that single story homes are going to be more in demand thus driving property values up. In Rancho Bernardo the following statistics will provide some insight into the single family and condo/townhome market:          

Rancho Bernardo Single Family Homes

  • January, 2011: Rancho Bernardo Homes for Sale: 257 (Active, contingent, and pending)
  • January, 2011: Rancho Bernardo Months of Inventory: 5.5
  • December, 2010: Rancho Bernardo Median Home Price $593,000; 6% higher than December, 2009
  • December, 2010: Rancho Bernardo Homes Sold: 36; 32% lower than December, 2009

Rancho Bernardo Condos and Townhomes

  • January, 2011: Rancho Bernardo Condos for Sale: 236 (Active, contingent, and pending)
  • January, 2011: Rancho Bernardo Months of Inventory (Condos): 6.3
  • December, 2010: Rancho Bernardo Median Condo Price: $338,000; 1% higher than December, 2009
  • December, 2010: Rancho Bernardo Condos Sold: 34; 21% 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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