More Than One Third Of Homes Sold In Mission Valley, California Are Cash Sales!

More Than One Third of Homes Sold In Mission Valley, California Are Cash Sales.

Ocean Beach, California and Golden Hill, California were among the bright spots in single family resale prices when comparing 2011, with 2010. The median price in Ocean Beach last year ended at $715,000 up almost 6 percent from the prior year. Golden Hill saw a 3.5 percent bump in 2011, taking it to $207,000. Tierrasanta had one of the largest jumps in condo sales last year, but the area saw one of the larges dips in condo prices. Values fell from $342,000 in 2010 to $250,000 in 2011.or a drop of 27 percent. Mission Valley condo prices also take a big hit, sliding 22 percent to $200,000.

More than one-third of total sales in Mission Valley last year were completed with cash. That's higher than it was last year when its was 27.1 percent.

This information is brought to you courtesy of Crescent Moon Realty, Inc

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