Rachell Lara: crown hills market report

619.316.7445 Rachell Lara Alpine Real Estate Expert and Neighborhood Specialist http://www.wheretobuyinsandiego.com/community/area/Alpine/

Crown Hills Homes for Sale & Estate Market Trends Year End Recap 2012

Much like the the rest of San Diego, the Alpine Real Estate Market has been experiencing an inventory shortage, where we in Alpine normally have a 100+ Single Family Homes on the market for the last several since late spring we have been running closer to 60 Active and in are currently under 40 Homes for Sale in Alpine . With the reduction of inventory we have been seeing a higher percentage of traditional sales and a reduction 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.

As we closed out 2012 the only houses for sale in Crown Hills were the original early '90s Manufactured Homes created before KB took over the development to make regular Stick built homes in the mid 1990s.
Crown Hills Homes for Sale- Now in January we have 1 regular house for sale in Crown Hills built in 1996, it was previously listed in 2011 and went off the market without selling. Apparently the current owner is anticipating a better result this time around. With current prices going moving towards the prices of 2008 when Crown Hills Home Prices were consistently in the $400,000s.

Crown Hills Real Estate Market Trends Recap

Crown Hills Homes Currently on the Market
1 is a bank owned foreclosure (manufactured home) and the other 2 are traditional sales (1 manufactured and 1 standard built).
Crown Hills Homes With Accepted Offers
1 Traditional Sale (manufactured home) 1 Short Sale- rare 4 bedroom plan (standard built)
Crown Hills Homes Sold in the Last Quarter
5 Crown Hills Houses Sold in the last quarter of 2012 all were standard built. 3 were traditional sales, 1 was a bank owned foreclosure and 1 was a short sale.

To find more information about Alpine's Complete Real Estate Market
Alpine, CA Real Estate Market Trends Year-end 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.

For more information feel free to CONTACT her directly and find more information regarding this topic and real estate in general, please visit her www.WhereToBuyInSanDiego.com, or at any of these other social media sites.