The buying season is in full-swing in the City of La Mesa, in both 91941 and 91942, and the key indicators continue to show an increasingly strong market. Here is a quick look at those key indicators comparing year-to-date 2016 with year-to-date 2015.
91941 Single Family Homes – 2016 YTD over 2015 YTD
New listings up 22.2% to 176
Median price up 4.0% to $537,500
Days on market down 12.8% to 34
91941 Townhouse-Condos – 2016 YTD over 2015 YTD
New listings up 50% to 15
Median price up 25% to $252,500
Days on market down 75.4% to 16
91942 Single Family Homes – 2016 YTD over 2015 YTD
New listings up 8.8% to 111
Median price up 7.2% to $461,000
Days on market down 45.0% to 23
91942 Townhouse-Condos – 2016 YTD over 2015 YTD
New listings up 27.3% to 40
Median price up 1.7% to $268,000
Days on market down 17.1% to 34
The number of condo listings in both zip codes shows a significant increase which may mean that more condo owners are confident in the market and ready to move up. The increased number of listings in 91941 is also interesting as this area includes more luxury custom homes than are found in 91942, perhaps indicating that homeowners who lacked equity to sell since 2007 are finally seeing a light at the end of the tunnel. The number of days on market are also down indicating that buyers are ready to buy! Good news for everyone!
Whether you’re interested in buying or selling, please give me a call for a no-obligation consultation.
