There are currently 70 active listings in 4s Ranch, 7 of which are condominiums, 5 are townhomes and the rest are detached homes. On the bright side 26 properties are in contingent status, which means they have offers waiting for short sale approval. In pending status there are 11 properties, 10 of which are detached.

Like other areas, there is much less inventory in sold status; in the last 30 days only 3 properties have actually closed escrow and sold.

In the active category, we have a higher end home that tops out at 999,000 and in the more affordable arena there is a condominium priced at $199,888.

Overall, the market is moving, but extremely slow because as an industry, we have financing issues and loan requirements that are stagnating most transactions going forward. The latest roadblock, besides the debt crisis in Greece, is that there are FHA approval status’ for some attached communities that have expired in the last year, leaving many FHA buyers out of the market now, because attached communities have not renewed the requirements they need to, to get their communities approved for FHA financing. It might be something they are unable to do, if they have been overcome with more homeowners in distress, unable to pay their HOA fees, or going into foreclosure, or being forced to sell their homes in short sales.

Here’s a link to a more detailed report for the 4s Ranch market update, November 2011.

You Deserve a Dignified Solution

The economy today has been especially hard on homeowners. I meet people every day who thought they made a responsible decision on their mortgage loan, only to be hit with the unexpected.

The first and best move to make in this position is to educate yourself on what your options are based on your financial situation. Avoiding foreclosure is always something worth pursuing if you can, and there really are dignified alternatives available.

To get my free report on how to avoid foreclosure click on the link below. If you need immediate assistance, please contact me right away. 619-512-9120 or e-mail me rodrickwatson@remax.net

AVOID FORECLOSURE

I'm here to help!

Rod,

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

4S Ranch Real Estate Market Snapshot (November-2010)

Greetings, The Fed will be purchasing $600 billion in long term Treasury securities from now till well into next year to help stimulate the economy. As of today mortgage interest rates are at an astonishing 4.125%. On the home front the key metrics below will provide some insight into the 4S Ranch single family home, and condo/townhome market:

4S Ranch Single Family Homes

• November, 2010: 4S Ranch Homes for Sale: 66 (Active, contingent, and pending)
• November, 2010: 4S Ranch Months of Inventory: 5.8
• October, 2010: 4S Ranch Median Home Price $694,000; 7% lower than October, 2009
• October, 2010: 4S Ranch Homes Sold: 16; 78% higher than October, 2009

4S Ranch Condos and Townhomes

• November, 2010: 4S Ranch Condos for Sale: 33 (Active, contingent, and pending)
• November, 2010: 4S Ranch Months of Inventory (Condos): 6.3
• October, 2010: 4S Ranch Median Condo Price: $360,000; 2% higher than October, 2009
• October, 2010: 4S Ranch Condos Sold: 2; 80% lower than October, 2009

Thank you for reading!

Stephen MacLeod
Broker/Owner
Highland Realty

The Poway school district consists of 4 zip codes; they include in San Diego - 92127, 92128 in Rancho Bernardo, 92129 in Rancho Penasquitos, and 92064 in Poway, California. The stand out zip code for sales in detached homes, with the highest market increase in the Poway School district within the last year was the West side of Rancho Bernardo (in 92127). The area has more than stabilized and in June of 2009, the average sales price was reported at $757,715 and this year in June of 2010, the average sales price was reported at $975,067. What an amazing recovery!

A lot of that has to do with the fact that the 92127 zip code has a large portion of 4s Ranch home sales included in it, but they also have one of the newest state of the art high schools in San Diego county.

The other areas and zip codes of the award winning Poway school district are also recovering, as well as other areas within San Diego.

Take a look at this chart from last year in June of 2009; they are detached home sales statistics listed by zip code as well as a chart from this year in June of 2010. (92127 Market Update 2010)