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Borrego Springs, California Real Estate Is Hot!

Borrego Springs, California Real Estate is Hot!

Borrego Springs was one of the area in the region to gain the most ground in single-family resales from 2010 to 2011 rising from 70 to 102 or almost 46 percent. On the flip side median price for a single-family home in Borrego Springs fell nearly 21 percent to $128,000. The price-sales dynamic may be explained by the fact that the area is a favorite among cash buyers and investors. Another hot spot in single-family resales was east Vista, California -where sales increased from 311 in 2010 to 370 in 2011. That's a 19 percent jump.

The median price for a single-family home in Vista, California fell 7.8 percent last year.

This information is courtesy of Crescent Moon Realty, Inc.

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Posted Wednesday Feb 15