San Diego County Market Statistics - January 2013

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an Diego County Market Statistics January 2013

Rosemary Joles 路 619.405.7673 路 Homes@LivinInSD.com

A NOTE FROM ROSEMARY ‐SAN DIEGO COUNTY Prices con nue to increase on both the median and average price scales. Also, the rate of increase is rising on both price scales. The REO segment con nues to deteriorate while Short Sale remains rela vely steady and Standard sales are increasing.

All market areas are very ght and the current price increase should be expected to con nue. No ce the South Coastal area is exhibi ng high rela ve *absorp on rates and elevated ra o of supply to demand. However, prices in this high‐end area are advancing. Key measures such as a 16 week absorp on rate and 1.5 ra o of supply to demand are most definitely a guarantor of high prices to come. *Explana on of The Ra o of Supply to Demand and Absorp on rate explained on back page.

A NOTE FROM ROSEMARY –EAST COUNTY SAN DIEGO Median and average prices are firmly and strongly advancing. The price surge is stronger in the higher end of the market which signals that price apprecia on is not confined to lower priced proper es. Closings are increasing at an average rate of about 6 transac ons per month, with REO and Short Sales lagging behind Standard closings. This market is very ght and prices will con nue to increase. Buyers are encouraged to enter the market, while sellers should think about pu ng their home on the market now while compe on is low.

Reasons You Should Sell Now!    

Low inventory on the market (I have buyers we cannot find a home for!)

Spring and Summer you will have more compe on on the market Rates are s ll low! Buyers are ready, willing and able to buy right now

Time to downsize or upgrade to meet your current lifestyle

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San Diego County Lowest Price Sale -January 2013

San Diego County Highest Price Sale -January 2013

Fallbrook · $100,000 · 3 BD 2 BA · 1450 Sq. Ft.

Rancho Santa Fe · $6,300,000 · 5 BD 7 BA · 9605 Sq. Ft.

East San Diego County Lowest Price Sale -January 2013

East San Diego County Highest Price Sale -January 2013

Lake Moreno Village · $100,000 · 3 BD 2 BA · 1056 Sq. Ft.

Jamul · $975,000 · 5 BD 5 BA · 4434 Sq. Ft.

*The Ra o of Supply to Demand measures the number of units of supply rela ve to the number of units closing per month (demand). All other things being equal, the smaller this number, the ghter the area market. Red forma ng signals oversupply rela ve to demand in the area and type. Weeks Supply Given Demand is the absorp on rate (the number of weeks required to exhaust current supply given current demand). Rela vely low absorp on rates signal ght markets.