Rachell Lara: Alpine's Palo Verde Ranch Market Update for May 2012

Palo Verde Ranch, Alpine CA has had 5 homes sale in the last six months. 4 Traditional Sales, 1 Foreclosure, aka Bank Owned Property. For full disclosure the Multiple Listing Service also indicates another, but it was one of the ones that although you have to go in the ranch to get there it isn't technically in the ranch. Details Listed Below

Currently Listed are 4Traditional Sale Homes for Sale and 1 Short Sale.

This marks a substantial decline in both Palo Verde Ranch Short Sales and Palo Verde Ranch Foreclosures compared to Palo Verde Ranch Tradition Sales. This trend has been reflected throughout Alpine and San Diego County. While short sales will be a substantial part of the market as we end 2012 (the laws regarding taxation of short sales end in 2012), we have seen a substantial decline in foreclosures. While we cannot predict the future we don't see a substantial increase in foreclosures coming in the year 2012.

What does this mean? Right now we are seeing upward pressure on prices, especially in the $300,000 and under price range countywide. House priced above $400,000 (which includes most inventory in the ranch) aren't receiving the same pressure. However we are seeing people with money come in for the higher priced homes if they perceive a good deal. We are also seeing shorter market times across the board so if you want or need to sell it should happen fairly quickly.

Palo Verde Ranch offers a wonderfully active Southern California lifestyle, perfect for young families and retirees alike. The facilities include two beautiful lakes. Boating facilities, fishing, beach facilities including picnic area, volley ball court, and everything to enjoy our warm sunny days. The Clubhouse is perfect for more formal occasions. The gym, tennis courts and endless hiking and riding trails will definitely keep you active and enjoying nature.The community is horse friendly.

Palo Verde Ranch Homes Sold in 2012

Address	Bd	Bt	Est SF	Yr Blt	Price$	Sale Price	Closed Date	Type of Sale	Condition of Property
2409 Nido Aguila	3	3	2630	1965	$399,000	399,000	2/8/12	Bank Owned	Fair, had some updates
2444 Via Dieguenos	4	2	2642	1977	$459,000	439,000	2/27/12	Traditional	Good, needed updating
4086 Via Palo Verde Lago	4	4	3267	1990	$699,000	$695,000	4/18/12	Traditional	Spectacular, current upgrades
3005 Via Donito	3	3	2918	1988	$549,876	$505,000	4/24/12	Traditional	Beautiful, current upgrades