Even though Febrary was 1 day longer than it usually is, it sure did go quickly! It is time once again to look at what happened in the Jamul Real Estate Market. I have included information about the homes currently on the market, the pending listings and the homes that sold. These numbers are for single family detached homes.
There are currently only 31 Active listings in Jamul. They range from $199,000 for 1 bedroom, 1 bathroom, 640 square feet to $1,250,000 for a 2 bedroom, 3 bathroom, 4360 square feet, (yes the number of bedrooms is correct with 2).
14 properties are pending, (currently in escrow).
9 properties sold (closed escrow) in February. They ranged from $165,000 for a 2 bedroom, 2 bathroom, 1440 square feet to $800,000 for 4 bedrooms, 5 bathrooms, 5256 square feet. The average time on the market was 92 days.
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The first step of the Real Estate Investing Process is to determine your goal. This is a much over-looked critical first step along the path of success. Many rookie real estate investors begin their journey by determining what strategy or technique that they want to use before even formalizing their goal for what they are trying to accomplish.
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