El Cajon Real Estate Market Report November 2012

Merry Christmas everyone.  December is here and that means it is time to see how the El Cajon real estate market looked for the month of November.  I am including the numbers for single family detached homes for all three of the El Cajon zip codes.  If you would like information for condos or another area, please feel free to let me know.

92019

There are currently 49 active listings.  Ranging from $235,000 for 2 bedroom, 1 bathroom, 1180 square feet to $1,688,000 for 4 bedroom, 5 bathroom, 4498 square feet.

47 properties are pending (currently in escrow).

24 properties sold in November.  Ranging from $170,000 for 2 bedroom, 1 bathroom, 837 square feet to $875,000 for 4 bedroom, 4 bathroom, 3359 square feet.  The average time on the market was 92 days.


92020

There are currently 37 active listings.  Ranging from $220,000 for 2 bedroom, 1 bathroom, 1352 square feet to $1,595,000 for 6 bedroom, 5 bathroom, 5368 square feet.

47 properties are pending (currently in escrow).

22 properties sold (closed escrow) in November.  Ranging from $170,000 for 2 bedroom, 1 bathroom, 648 square feet to $650,000 for 3 bedroom, 3 bathroom, 3628 square feet.  The average time on the market was 46 days.



92021

There are currently 42 active listings.  Ranging from $215,000 for 3 bedroom, 2 bathroom, 1704 square feet to $3,900,000 for 4 bedroom, 6 bathroom, 7745 square feet.

54 properties are pending (currently in escrow).

36 properties sold in November.  Ranging from $160,000 for 2 bedroom, 1 bathroom, 804 square feet to $655,000 for 4 bedroom, 3 bathroom, 2870 square feet.  The average time on the market was 49 days.


Wow, by looking at the numbers you can see there have been some serious changes in the real estate market.  Inventory is way down and the buyers are back.  If you are considering selling a home, now is the time to do it.  Do not wait until after the holidays like so many others.  Get your property listed NOW while there is less competition and the buyers are hungry.

I will be working through the holidays and I am here to answer all your questions.  When you hear of anyone thinking of buying or selling a home, I would appreciate you recommending me.  I would like to wish you and your family and very Merry Christmas and a safe and Happy New Year.