Rancho Penasquitos is located in the North inland area of San Diego, California. The 92129 zip code area is home to the Los Penasquitos Canyon Preserve which has many walking trails that cover 4,000 acres, an area that also includes Lopez Canyon. It is called home for roughly 52,000 residents and is conveniently located right next to Ted Williams Parkway (hwy 56), which can take most I-15 commuters right over to the coast and the Del Mar beach area, as well as the Del Mar Fairgrounds.
More Overview for the Rancho Penasquitos Community
There are currently 18 active attached listings in the Rancho Penasquitos community. The listing with the highest days on the market belongs to an attached home with 210 days on the market boasting 840 square feet, and going for $149,000. Attached homes in this neighborhood are currently listed at an average price per square foot of $222. According to their sold prices, the average price is at $203,991, with properties spending an average of 129 days on the market when combining distressed and traditional home sales.
On the bright side, 20 homes are in pending status. There are 24 properties in contingent status, (which means the short sale inventory waiting for approval, in this area is still relatively high). Still, this market is in relatively strong demand, because many homebuyers love the location in relation to the short drive over to the coast and some people prefer the cooler breezes than the warmth found on the East side of the I-15 in Poway. Rancho Penasquitos is still considered part of the award-winning Poway School district, too. Since the Rancho Penasquitos area is also home to Westview High School, one of the newer schools in the PUSD, it’s still going to be in high demand for families with high school students wanting a progressive curriculum.
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Rancho Penasquitos Attached Market Report 2012 San Diego, California
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