Rancho Penasquitos CA Real Estate Market Review (April-2011)

Rancho Penasquitos CA Real Estate Market Review (April-2011) We are seeing an uneven housing market recovery taking place, some cities are doing better than others throughout the country, stay tuned for the San Diego stats. The following statistics will provide some insight into the Rancho Penasquitos single family and condo/townhome market:

Rancho Penasquitos Single Family Homes

• April, 2011: Rancho Penasquitos Homes for Sale: 165 (Active, contingent, and pending)
• April, 2011: Rancho Penasquitos Months of Inventory: 5.6
• March, 2011: Rancho Penasquitos Median Home Price $523,000; 4% lowerer than March, 2010
• March, 2011: Rancho Penasquitos Homes Sold: 32; 11% lower than March, 2010

Rancho Penasquitos Condos and Townhomes

• April, 2011: Rancho Penasquitos Condos for Sale: 106 (Active, contingent, and pending)
• April, 2011: Rancho Penasquitos Months of Inventory (Condos): 7.0
• March, 2011: Rancho Penasquitos Median Condo Price: $180,000; 10% lower than March, 2010
• March, 2011: Rancho Penasquitos Condos Sold: 6; 76% lower than March, 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 reading!

Stephen MacLeod
Broker/Owner
Highland Realty