Alpine's Crown Hills Market Report Summer 2012

Crown Hills Alpine, CA Market Report for Summer Recap 2012

Much like the the rest of San Diego, Alpine has been experiencing an inventory shortage, where we in Alpine normally have a 100+ Single Family Homes on the market since late spring we have been running closer to 60 Active Homes for Sale in Alpine throughout the summer. With the reduction of inventory we have been seeing a higher percentage of traditional sales and lower numbers of distressed sales.

Crown Hills  illustrates this trend in a reduction of inventory leading to price increases as well. Usually we have several Crown Hills Homes for sale at any given time but several times this year where no homes have been active on the market.

We have also seen a change in the type of listings for sale as well. Earlier in the year were mostly Short Sales: 2533 Columbine, 2302 Hyacinth Road, 2767 Lobelia Road, 2320 Hyacinth, 2356 Columbine. The two most recent closings and  higher sale prices of 2210 Larkspur and 2738 Lobelia were traditional sales. With the traditional sales prices we can see a substantially less amount of days on the market, mostly due to the fact that they didn't have to negotiate the short sale with the bank, but this is also due to the lower inventory and therefore properties spending less time on the market before they are picked up.

The current Homes for Sale In Crown Hills Alpine, CA are not staying on trend since they are also all Short Sales. This confirms that we are definitely seeing a shift in the market, that seems to be more up and down then consistent.

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About the Author: Rachell Lara is a mother of three and San Diego Native. She is living her passion helping others love their lives by investing in their lives and futures with real estate. She is making the world a better a better place through service, appreciation, love and of course humor.

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