Sales in Rancho Santa Margarita Jan 09 vs Jan 08

By
Real Estate Agent with Realty Benefit

So, how has the first month of 2009 compare to the first month of 2008?

I take a look and share the results with you.

2008 Stats

From Jan 1st. 2008 through Jan. 31st 2008 there were 39 total sales in Rancho Santa Margarita

19 of those sold were Condos, and 20 were Single Family detached homes.

The highest sale price was $825,000

The lowest was $184,000

The Average Price Per Square Foot was $303

The Average size was 1,562 Square Feet

The Average year built was 1992.5

2009 Stats

From Jan 1st. 2009 through Jan. 31st 2009 there were 33 total sales in Rancho Santa Margarita

22 of those sold were Condos, and 11 were Single Family detached homes.

The highest sale price was $740,000

The lowest was $152,500

The Average Price Per Square Foot was $250

The Average size was 2,016 Square Feet

The Average year built was 1993

Comments

Average price dropped $53 per Square foot over this period - that means that the average size house sold 2,016 in Jan 2009 would have dropped $100,800 in value compared to Jan 2008

Or a loss of 17.46%

Hum - that is a huge loss, but not nearly as much as we saw when we compared Dec 09 to 08. 

 

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