Rancho Bernardo Real Estate Market Snapshot (November-2011)

Rancho Bernardo Real Estate Market Snapshot (November-2011)

Rancho Bernardo condo and townhouse were up 64% over this time last year.  The key metrics below will provide some insight into the Rancho Bernardo single family home, condo/townhome markets.                          

Rancho Bernardo Single Family Homes

• November, 2011: Rancho Bernardo Homes for Sale: 304 (Active, contingent, and pending)
• November, 2011: Rancho Bernardo Months of Inventory: 7.8
• October, 2011: Rancho Bernardo Median Home Price $517,000; 18% lower than October, 2010
• October, 2011: Rancho Bernardo Homes Sold: 36; 5% lower than October, 2010

Rancho Bernardo Condos and Townhomes

• November, 2011: Rancho Bernardo Condos for Sale: 243 (Active, contingent, and pending)
• November, 2011: Rancho Bernardo Months of Inventory (Condos): 7.1
• October, 2011: Rancho Bernardo Median Condo Price: $225,000; 11% lower than October, 2010
• October, 2011: Rancho Bernardo Condos Sold:36; 64% higher than October, 2010

This snapshot is a quick summary from The North county Real Estate Report, a free 34 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
Rancho Bernardo Realtor®
Highland Realty