4S Ranch San Diego Real Estate Market Update ( December-2010 )

Mortgage interest rates edged up a little this week but they are still way below the norm. Some encouraging news, the government sold its remaining stake in Citigroup and AIG said it will pay back the final $20 billion it owes the New York Fed. The key metrics below will provide some insight into the 4S Ranch single family home, and condo/townhome market:

4S Ranch Single Family Homes

• December, 2010: 4S Ranch Homes for Sale: 56 (Active, contingent, and pending)
• December, 2010: 4S Ranch Months of Inventory: 4.9
• November, 2010: 4S Ranch Median Home Price $678,000; 11% higher than November, 2009
• November, 2010: 4S Ranch Homes Sold: 11; 78% higher than November, 2009

4S Ranch Condos and Townhomes

• December, 2010: 4S Ranch Condos for Sale: 28 (Active, contingent, and pending)
• December, 2010: 4S Ranch Months of Inventory (Condos): 6.0
• November, 2010: 4S Ranch Median Condo Price: $345,000; 12% lower than November, 2009
• November, 2010: 4S Ranch Condos Sold: 3; 50% lower than November, 2009

This snapshot is a quick summary from The North county Real Estate Report, a free 23 page real estate market report covering all cities in the North County of San Diego. Feel free to browse the current issue and subscribe to The North County Real Estate Report any time.

Thank you for reading!

Stephen MacLeod
Broker/Owner
Highland Realty