4S Ranch California Real Estate Market Snapshot (October-2011)

4S Ranch Real Estate Market Snapshot (October-2011)

On the home loan front the Senate passed on a bill to the House and the President for signatures which will raise the high-balance conforming loan limits for Freddie Mac and Fanny Mae up to $729,750. The following statistics will provide some insight into the 4S Ranch single family and condo/townhome market:

4S Ranch Single Family Homes

• October, 2011: 4S Ranch Homes for Sale: 91 (Active, contingent, and pending)
• October, 2011: 4S Ranch Months of Inventory: 8.0
• September, 2011: 4S Ranch Median Home Price $655,000; 8% lower than September, 2010
• September, 2011: 4S Ranch Homes Sold: 12; 8% lower than September, 2010

4S Ranch Condos and Townhomes

• October, 2011: 4S Ranch Condos for Sale: 26 (Active, contingent, and pending)
• October, 2011: 4S Ranch Months of Inventory (Condos): 5.5
• September, 2011: 4S Ranch Median Condo Price $0 100% lower than September, 2010
• September, 2011: 4S Ranch Condos Sold: 0; 100% lower than September, 2010

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 your patronage!

Stephen MacLeod
Broker/Owner
Highland Realty
4S Ranch Realtor