San Diego housing market heating up
February 18th, 2010 Categories: Real Estate News, San Diego County Community News, San Diego county Real Estate News, San Diego homes for sale
SAN DIEGO- I spent some time with clients from TCSD in the Carlsbad area looking at detached
homes in the high 400’s to mid 500 range. There were two homes out of the seven that stood out from the others.
One, on Vancouver Street, was a single story with a three car garage located on hilltop cul de sac location in a great established community. The other, on Valley Place near the high school, was the classic 1960-70’s beach cottage with the awesome knotty pine tongue and groove ceiling that too was located on a large pie shaped lot on a cul de sac also.
There was some interest in these homes and in follow up with the other agent, I learned that they were both going in to escrow within 5 days of being listed and these were not homes being sold under market value.
I saw this as a great sign since both of these homes were listed in the mid 500K range. Taking it one step further, I was curious to see how the San Diego market faired over the weekend.
Looking at all homes listed between 2/11 to 2/16, 805 total, almost 10% were in escrow or contingent status for short sales!! 78 listings went off the market within the first week. Now looking back to the same period in 2009 the rate was approximately 7.5% with 68 out of 892 homes going off market in the first week.
I would suggest if you see a home of interest you may want to do your “research” sooner than later. The good ones go quick!!
