Thursday, January 10, 2013

La Mesa Real Estate Trends

619-316-7445 Rachell Lara Real Estate Consultant and La Mesa Real Neighborhood Specialist http://www.wheretobuyinsandiego.com/community/area/La+Mesa+/


Real Estate Trends for La Mesa 91941

La Mesa Home Price Trends


The median list price in January for single family homes in La Mesa 91941 is $554,850. The list prices dropped by -2.64% from the previous month.
The price per square foot for listings in this area is $252.

The median sale price in August for single family homes is $426,250. The sale prices increased by 12.17% from the previous month. The price per square foot for sales in this area is $175

Real Estate Trends for La Mesa 91942

The median list price in January for single family homes in La Mesa 91942 is $385,000. The list prices dropped by -1.28% from the previous month.
The price per square foot for listings in this area is $258.

The median sale price in August for single family homes is $363,750. The sale prices increased by 24.35% from the previous month. The price per square foot for sales in this area is $273.


La Mesa Home Prices In the fourth quarter of 2012, there were 72 single family home sales in La Mesa, CA. Of the 72 sales,
27 were sold for less than $300,000. Three of these homes were banked owned and six were short sales.
42 homes sold between $300,000 and $500,000. Two of these homes were bank owned and 8 were short sales.
3 homes sold for over $500,000,  only one of which was a short sale.

What does this mean for 2013? 
 We are still experiencing extremely low inventory throughout San Diego County and specifically in La Mesa as well. Right now in La Mesa for every house on the market there are 2 under contract and almost 1 sold in the last month. This low inventory is causing prices to go up as potential home buyers try to take advantage of the great interest rates and lower housing prices.

Is 2013 going to be the year you can sell your house? Call us 619.316.7445 to find out where your home value is now and where it might be going.

 

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