Our Contact Info:


16363 Bernardo Cntr Dr,
San Diego, CA 92128

P.O.Box 270781,
San Diego, CA 92198

 

Phone #: (858) 676-5250

Toll free: (888) 734-4663

Fax # : (858) 487-0171

 

rashid@rashidrealty.com

Market Update.


Selling Price per Square Feet

 

Selling Price per Square Foot

The Selling Price per Square Foot is a great indicator for the direction of property values. Since Median Sales Price and Average Sales Price can be impacted by the 'mix' of high or low end properties in the market, the Selling Price per Square Foot is a more normalized indicator on the direction of property values. The March 2011 Selling Price per Square Foot of $277 was up 3.7% from $267 the prior month and down 1.8% from $282 in March of last year.

 

Inventory/New Listing/Sold

 

Inventory / New Listings / Sold

This view of the market combines monthly inventory of properties for sale along with New Listings and Sales. The graph shows the basic annual seasonality of the market as well as the relationship between these items. The number of New Listings in March 2011 was 2,136, up 15.7% from 1,846 the prior month and down 10.5% from 2,386 in March of last year.

 


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