Mira Mesa, San Diego County Market Report – Zip 92126

By
Real Estate Agent with Florida Realty Investments CA01938972, FL BK3090225

The convenient location of the Community of Mira Mesa  makes it an extremely popular community for virtually everyone living in San Diego whether they need to commute north or south for work. Located just northeast of La Jolla where the Scripps Research Institute is located, and just south from Del Mar Heights where ultra-high density living is the norm for those wishing to live within walking distance to their jobs; Mira Mesa offers so much more. Single family detached homes are the much more readily available and the prices more affordable, although, due to the popularity of Mira Mesa, these positives have already been discovered and the sales numbers for August 2014 versus  August 2013 as collected from the Sandicor MLS for single family detached homes will prove:

  • ·         The median sales price of SFR properties for 8-2013 was $448,000 vs. $477,500 on 8-2014. That represents a median sale price increase of slightly less than 7%!
  • ·         The percentage of the List Price captured in 8-2013 was 103.1% vs. 98.0% for 8-2014.
  • ·         The average price per square foot for sold homes was $325.00 in 8-2013 vs. $347.00 for 8-2014.
  • ·         The number of months’ inventory available for sale in 8-2013 was 2.0 vs. 2.3 for 8-2014.
  • ·         The number of Active listings is flat at 72 for 8-2013 vs. 75 for 8-2014.

Potential buyers should review these numbers realizing that though the sample size is not large enough for total accuracy; the trends are clear. Sellers seem to be slightly more willing to consider less than full price, or over offers for their homes, but the momentum of the price increase still indicates at the current inflation rate for home values that the sellers are still coming away from the closing table with more money in hand since the price per square foot has increased just as the median sales price. The months of inventory shows the absorption rate is fairly constant as the inventory levels remain somewhat static.

With the absolute convenience of shorter commutes to all points north, and south due to the easy access of I-15 and I-5, and the proximity of great shopping in University City with one of the newest Whole Foods Markets, the fabulous our door Westgate Mall with stores like Tesla, Sony and excellent restaurants like PF Chang’s; then the short drive to Del Mar Beach; it doesn’t get much better than this!

Posted by

Norm Padula, J.D., GRI
CA DRE#01938972, FL Bkr# 3090255
Broker-Associate

Florida Realty Investments

 

760.985.2055  Sandy
858.444.7060 & Norm

SDLuxHomes.com

PRESENCE ~ PERSISTENCE ~ PERSEVERANCE

 

 

 

Comments (7)

John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Sandy & Norm - Thanks for the comprehensive stats on real estate market report in Mira Mesa, San Diego County Zip 92126.

Sep 11, 2014 08:31 AM
John McCormack, CRS
Albuquerque Homes Realty - Albuquerque, NM
Honesty, Integrity, Results, Experienced. HIRE Me!

Very informative report Sandy and Norm.  Thank you for sharing.

Sep 11, 2014 08:50 AM
Norm Padula, JD, GRI
Florida Realty Investments - Sarasota, FL
Presence, Persistence & Perseverance

John Pusa Thank you for your comment and reading it!

 

John McCormack Thanks, John.

Sep 11, 2014 09:17 AM
Joe Petrowsky
Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 - Manchester, CT
Your Mortgage Consultant for Life

Good morning Norm and Sandy. Nice job with your report, detailed yet easy to understand, especially for buyers and sellers that are interest in Mira Mesa.

Sep 11, 2014 08:09 PM
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Norm and Sandy, thanks for the info and update for the Mira Mesa community of San Diego.

Sep 11, 2014 09:33 PM
Norm Padula, JD, GRI
Florida Realty Investments - Sarasota, FL
Presence, Persistence & Perseverance

Joe Petrowsky That's our hope; that potential buyers can understand the trends and act when they see a home at least close to fitting their needs. Thanks, Joe!

Gabe Sanders Your comments are always appreciated!

Sep 12, 2014 12:13 AM
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

You always provide good information about your real estate market. Home buyers and sellers in your area should call you to be their agent.

Sep 13, 2014 10:41 PM