Here is the monthly real estate report for El Cajon. I have included the numbers for all 3 zip codes. This report is for single family homes only. If you would like the numbers for condos, just let me know. If you would like to see another area or some great graphs of the market trends visit My Website
92019
There are currently 80 Active listings in El Cajon 92019. Ranging from $317,000 for 2 bedroom, 2 bathroom, 1131 square feet to $1,495,000 for 6 bedrooms, 6 bathroom, 4287 square feet.
45 properties are pending (currently in escrow).
31 properties SOLD (closed escrow) in February. Ranging from $228,000 for 3 bedrooms, 1 bathrooms, 1036 square feet to $1,155,000 for 4 bedrooms, 4 bathrooms, 3540 square feet. The average market time for the homes that sold was 45 days.
92020
There are currently 55 Active listings in El Cajon 92020. Ranging from $215,000 for 3 bedroom, 2 bathroom, 1357 square feet to $1,250,000 for 6 bedrooms, 5 bathroom, 5368 square feet.
39 properties are pending (currently in escrow).
22 properties SOLD (closed escrow) in February. Ranging from $190,050 for 2 bedrooms, 1 bathrooms, 964 square feet to $705,000 for 4 bedrooms, 3 bathrooms, 2893 square feet. The average market time for the homes that sold was 57 days.
92021
There are currently 54 Active listings in El Cajon 92021. Ranging from $267,000 for 3 bedroom, 1 bathroom, 1223 square feet to $979,000 for 4 bedrooms, 4 bathroom, 3424 square feet.
32 properties are pending (currently in escrow).
16 properties SOLD (closed escrow) in February. Ranging from $222,500 for 3 bedrooms, 2 bathrooms, 1238 square feet to $835,000 for 5 bedrooms, 3 bathrooms, 3455 square feet. The average market time for the homes that sold was 49 days.
Showing posts with label El Cajon Home buying. Show all posts
Showing posts with label El Cajon Home buying. Show all posts
Tuesday, March 4, 2014
Monday, February 3, 2014
El Cajon Monthly Real Estate Report - January 2014
Here is the monthly real estate report for El Cajon. I have included the numbers for single family homes in all three of the El Cajon zip codes. Please visit my website to see other areas and to view graphs that show the El Cajon Real Estate Market Trends.
92019
There are currently 86 Active listing in El Cajon (92019). They range from $324,000 for 3 bedrooms, 2 bathrooms, 1134 square feet to $1,495,000 for 6 bedrooms, 6 bathrooms, 4287 square feet.
45 properties are pending (currently in escrow).
20 properties sold (closed escrow) in January. Ranging from $200,000 for 3 bedrooms, 1 bathroom, 1064 square feet to $1,100,000 for 5 bedrooms, 4 bathrooms, 4201 square feet. The average time on the market was 52 days.
92020
There are currently 61 Active listings in zip code 92020. They range from $274,900 for 3 bedrooms, 2 bathrooms, 1082 square feet to $1,250,000 for 6 bedrooms, 5 bathrooms, 5368 square feet.
27 properties are pending (currently in escrow).
17 properties sold (closed escrow) in January. Ranging from $230,500 for 2 bedroom, 1 bathroom, 895 square feet to $1,229,000 for 4 bedrooms, 5 bathrooms, 4568 square feet. The average time on the market was 55 days.
92021
There are currently 61 Active listings in zip code 92021. They range from $219,000 for 3 bedrooms, 2 bathrooms, 1222 square feet to $979,000 for 4 bedrooms, 4 bathrooms, 3424 square feet.
30 properties are pending (currently in escrow).
22 properties sold (closed escrow) in January. Ranging from $270,000 for 3 bedroom, 2 bathroom, 1377 square feet to $475,000 for 5 bedrooms, 4 bathrooms, 3259 square feet. The average time on the market was 50 days.
92019
There are currently 86 Active listing in El Cajon (92019). They range from $324,000 for 3 bedrooms, 2 bathrooms, 1134 square feet to $1,495,000 for 6 bedrooms, 6 bathrooms, 4287 square feet.
45 properties are pending (currently in escrow).
20 properties sold (closed escrow) in January. Ranging from $200,000 for 3 bedrooms, 1 bathroom, 1064 square feet to $1,100,000 for 5 bedrooms, 4 bathrooms, 4201 square feet. The average time on the market was 52 days.
92020
There are currently 61 Active listings in zip code 92020. They range from $274,900 for 3 bedrooms, 2 bathrooms, 1082 square feet to $1,250,000 for 6 bedrooms, 5 bathrooms, 5368 square feet.
27 properties are pending (currently in escrow).
17 properties sold (closed escrow) in January. Ranging from $230,500 for 2 bedroom, 1 bathroom, 895 square feet to $1,229,000 for 4 bedrooms, 5 bathrooms, 4568 square feet. The average time on the market was 55 days.
92021
There are currently 61 Active listings in zip code 92021. They range from $219,000 for 3 bedrooms, 2 bathrooms, 1222 square feet to $979,000 for 4 bedrooms, 4 bathrooms, 3424 square feet.
30 properties are pending (currently in escrow).
22 properties sold (closed escrow) in January. Ranging from $270,000 for 3 bedroom, 2 bathroom, 1377 square feet to $475,000 for 5 bedrooms, 4 bathrooms, 3259 square feet. The average time on the market was 50 days.
Monday, June 3, 2013
El Cajon Real Estate Market Report - May 2013
Here are the real estate statistics for May. I have included the numbers for single family homes in El Cajon. They are divided by the three El Cajon zip codes. If you would like statistics for another area, please feel free to let me know.
92019
There are currently 46 active real estate listings in El Cajon (92019), ranging from $265,000 for 3 bedrooms,2 bathroom, 1266 square feet to 1,999,999 for 4 bedrooms, 6 bathrooms, 5890 square feet.
53 properties are pending (currently in escrow).
34 properties sold (closed escrow) ranging from $276,000 for 4 bedrooms, 3 bathrooms, 1900 square feet to $690,000 for 4 bedrooms, 3 bathrooms, 3124 square feet. The average time on the market was 51 days.
92020
There are currently 46 active real estate listings in El Cajon (92020), ranging from $299,000 for 2 bedrooms,1 bathroom, 800 square feet to 1,595,876 for 6 bedrooms, 5 bathrooms, 5368 square feet.
49 properties are pending (currently in escrow).
36 properties sold (closed escrow) ranging from $190,000 for 3 bedrooms, 1 bathrooms, 1064 square feet to $754,900 for 4 bedrooms, 2 bathrooms, 2439 square feet. The average time on the market was 36 days.
92021
There are currently 34 active real estate listings in El Cajon (92021), ranging from $279,900 for 2 bedrooms,1 bathroom, 1008 square feet to 2,600,000 for 5 bedrooms, 7 bathrooms, 8331 square feet.
51 properties are pending (currently in escrow).
56 properties sold (closed escrow) ranging from $375,000 for 2 bedrooms, 1 bathrooms, 1000 square feet to $840,000 for 4 bedrooms, 4 bathrooms, 4565 square feet. The average time on the market was 46 days.
92019
There are currently 46 active real estate listings in El Cajon (92019), ranging from $265,000 for 3 bedrooms,2 bathroom, 1266 square feet to 1,999,999 for 4 bedrooms, 6 bathrooms, 5890 square feet.
53 properties are pending (currently in escrow).
34 properties sold (closed escrow) ranging from $276,000 for 4 bedrooms, 3 bathrooms, 1900 square feet to $690,000 for 4 bedrooms, 3 bathrooms, 3124 square feet. The average time on the market was 51 days.
92020
There are currently 46 active real estate listings in El Cajon (92020), ranging from $299,000 for 2 bedrooms,1 bathroom, 800 square feet to 1,595,876 for 6 bedrooms, 5 bathrooms, 5368 square feet.
49 properties are pending (currently in escrow).
36 properties sold (closed escrow) ranging from $190,000 for 3 bedrooms, 1 bathrooms, 1064 square feet to $754,900 for 4 bedrooms, 2 bathrooms, 2439 square feet. The average time on the market was 36 days.
92021
There are currently 34 active real estate listings in El Cajon (92021), ranging from $279,900 for 2 bedrooms,1 bathroom, 1008 square feet to 2,600,000 for 5 bedrooms, 7 bathrooms, 8331 square feet.
51 properties are pending (currently in escrow).
56 properties sold (closed escrow) ranging from $375,000 for 2 bedrooms, 1 bathrooms, 1000 square feet to $840,000 for 4 bedrooms, 4 bathrooms, 4565 square feet. The average time on the market was 46 days.
Wednesday, May 1, 2013
El Cajon Real Estate Market Report - April 2013
Happy May Day everyone. Here are the real estate statistics for El Cajon for the month of April 2013. I have included the numbers for single family homes for all three zip codes. If you would like th stats for condos or another area, please feel free to let me know.
92019
There are currently 44 Active listings. Ranging from $279,000 for 2 bedrooms, 2 bathrooms, 1152 square feet to $1,999,999 for 4 bedrooms, 6 bathrooms, 5890 square feet.
44 properties are pending (currently in escrow).
20 properties sold (closed escrow) in April. Ranging from $245,000 for 3 bedrooms, 2 bathrooms, 1014 square feet to $725,000 for 4 bedrooms, 4 bathrooms, 3330 square feet. The average time on the market was 70 days.
92020
There are currently 38 Active listings. Ranging from $220,500 for 2 bedrooms, 2 bathrooms, 1128 square feet to $1,595,873 for 6 bedrooms, 5 bathrooms, 5368 square feet.
51 properties are pending (currently in escrow).
24 properties sold (closed escrow) in April. Ranging from $224,900 for 1 bedrooms, 1 bathroom, 774 square feet to $675,000 for 3 bedrooms, 2 bathrooms, 3000 square feet. The average time on the market was 43 days.
92021
There are currently 35 Active listings. Ranging from $299,900 for 3 bedrooms, 2 bathrooms, 1358 square feet to $900,000 for 5 bedrooms, 4 bathrooms, 4861 square feet.
77 properties are pending (currently in escrow).
47 properties sold (closed escrow) in April. Ranging from $171,000 for 2 bedrooms, 1 bathroom, 878 square feet to $659,000 for 4 bedrooms, 3 bathrooms, 2873 square feet. The average time on the market was 54 days.
92019
There are currently 44 Active listings. Ranging from $279,000 for 2 bedrooms, 2 bathrooms, 1152 square feet to $1,999,999 for 4 bedrooms, 6 bathrooms, 5890 square feet.
44 properties are pending (currently in escrow).
20 properties sold (closed escrow) in April. Ranging from $245,000 for 3 bedrooms, 2 bathrooms, 1014 square feet to $725,000 for 4 bedrooms, 4 bathrooms, 3330 square feet. The average time on the market was 70 days.
92020
There are currently 38 Active listings. Ranging from $220,500 for 2 bedrooms, 2 bathrooms, 1128 square feet to $1,595,873 for 6 bedrooms, 5 bathrooms, 5368 square feet.
51 properties are pending (currently in escrow).
24 properties sold (closed escrow) in April. Ranging from $224,900 for 1 bedrooms, 1 bathroom, 774 square feet to $675,000 for 3 bedrooms, 2 bathrooms, 3000 square feet. The average time on the market was 43 days.
92021
There are currently 35 Active listings. Ranging from $299,900 for 3 bedrooms, 2 bathrooms, 1358 square feet to $900,000 for 5 bedrooms, 4 bathrooms, 4861 square feet.
77 properties are pending (currently in escrow).
47 properties sold (closed escrow) in April. Ranging from $171,000 for 2 bedrooms, 1 bathroom, 878 square feet to $659,000 for 4 bedrooms, 3 bathrooms, 2873 square feet. The average time on the market was 54 days.
Monday, April 1, 2013
El Cajon Real Estate Report March 2013
I hope everyone had a great month and a Happy Easter. Here are the real estate statistics for all three zip codes in El Cajon. These numbers are for single family homes. If you would like the numbers for a different area or for condos, feel free to let me know.
92019
There are currently 32 active listings in El Cajon zip 92019. Ranging from $204,900 for 2 bedroom, 1 bathroom, 706 square feet to $1,788,000 for 4 bedroom, 5 bathroom, 4498 square feet.
39 properties are pending, (currently in escrow).
34 properties sold (closed escrow) in march. Ranging from $195,100 for 3 bedroom, 1 bathroom, 945 square feet to $721,500 for 5 bedroom, 4 bathroom, 4489 square feet. The average time on the market was 38 days!
92020
There are currently 41 active listings in El Cajon zip 92020. Ranging from $199,000 for 2 bedroom, 1 bathroom, 846 square feet to $1,595,000 for 6 bedroom, 5 bathroom, 5368 square feet.
40 properties are pending, (currently in escrow).
30 properties sold (closed escrow) in march. Ranging from $160,000 for 2 bedroom, 1 bathroom, 754 square feet to $820,000 for 3 bedroom, 4 bathroom, 3388 square feet. The average time on the market was 44 days!
92021
There are currently 42 active listings in El Cajon zip 92021. Ranging from $175,000 for 3 bedroom, 2 bathroom, 1568 square feet to $859,000 for 5 bedroom, 4 bathroom, 4861 square feet.
75 properties are pending, (currently in escrow)!
29 properties sold (closed escrow) in march. Ranging from $202,000 for 1 bedroom, 1 bathroom, 866 square feet to $700,000 for 4 bedroom, 4 bathroom, 3624 square feet. The average time on the market was 72 days.
92019
There are currently 32 active listings in El Cajon zip 92019. Ranging from $204,900 for 2 bedroom, 1 bathroom, 706 square feet to $1,788,000 for 4 bedroom, 5 bathroom, 4498 square feet.
39 properties are pending, (currently in escrow).
34 properties sold (closed escrow) in march. Ranging from $195,100 for 3 bedroom, 1 bathroom, 945 square feet to $721,500 for 5 bedroom, 4 bathroom, 4489 square feet. The average time on the market was 38 days!
92020
There are currently 41 active listings in El Cajon zip 92020. Ranging from $199,000 for 2 bedroom, 1 bathroom, 846 square feet to $1,595,000 for 6 bedroom, 5 bathroom, 5368 square feet.
40 properties are pending, (currently in escrow).
30 properties sold (closed escrow) in march. Ranging from $160,000 for 2 bedroom, 1 bathroom, 754 square feet to $820,000 for 3 bedroom, 4 bathroom, 3388 square feet. The average time on the market was 44 days!
92021
There are currently 42 active listings in El Cajon zip 92021. Ranging from $175,000 for 3 bedroom, 2 bathroom, 1568 square feet to $859,000 for 5 bedroom, 4 bathroom, 4861 square feet.
75 properties are pending, (currently in escrow)!
29 properties sold (closed escrow) in march. Ranging from $202,000 for 1 bedroom, 1 bathroom, 866 square feet to $700,000 for 4 bedroom, 4 bathroom, 3624 square feet. The average time on the market was 72 days.
Friday, March 1, 2013
El Cajon Real Estate Report February 2013
Here are the numbers for the active, pending and sold listings in El Cajon. I have included the statistics for all 3 zip codes and for single family homes only. If you would like the numbers for condos or another area, please feel free to give me a call.
92019
There are currently 42 Active listings. Ranging from $299,900 for 4 bedrooms, 2 bathrooms, 2068 square feet to $1,688,000 for 4 bedrooms, 5 bathrooms, 4498 square feet.
39 properties are pending, (currently in escrow).
17 properties sold (closed escrow) in February. Ranging from $230,000 for 3 bedrooms, 1 bathroom, 1352 square feet to $560,000 for 5 bedrooms, 3 bathrooms, 3474 square feet. The average time on the market was 86 days.
92020
There are currently 27 Active listings. Ranging from $235,000 for 2 bedrooms, 1 bathroom, 753 square feet to $1,550,000 for 6 bedrooms, 5 bathrooms, 5368 square feet.
43 properties are pending, (currently in escrow).
24 properties sold (closed escrow) in February. Ranging from $160,000 for 2 bedrooms, 2 bathroom, 1044 square feet to $700,000 for 3 bedrooms, 3 bathrooms, 2500 square feet. The average time on the market was 51 days.
92021
There are currently 36 Active listings. Ranging from $249,900 for 3 bedrooms, 2 bathrooms, 1026 square feet to $1,495,000 for 3 bedrooms, 3 bathrooms, 5500 square feet.
60 properties are pending, (currently in escrow).
24 properties sold (closed escrow) in February. Ranging from $160,000 for 2 bedrooms, 1 bathroom, 832 square feet to $665,000 for 3 bedrooms, 3 bathrooms, 3007 square feet. The average time on the market was 83 days.
92019
There are currently 42 Active listings. Ranging from $299,900 for 4 bedrooms, 2 bathrooms, 2068 square feet to $1,688,000 for 4 bedrooms, 5 bathrooms, 4498 square feet.
39 properties are pending, (currently in escrow).
17 properties sold (closed escrow) in February. Ranging from $230,000 for 3 bedrooms, 1 bathroom, 1352 square feet to $560,000 for 5 bedrooms, 3 bathrooms, 3474 square feet. The average time on the market was 86 days.
92020
There are currently 27 Active listings. Ranging from $235,000 for 2 bedrooms, 1 bathroom, 753 square feet to $1,550,000 for 6 bedrooms, 5 bathrooms, 5368 square feet.
43 properties are pending, (currently in escrow).
24 properties sold (closed escrow) in February. Ranging from $160,000 for 2 bedrooms, 2 bathroom, 1044 square feet to $700,000 for 3 bedrooms, 3 bathrooms, 2500 square feet. The average time on the market was 51 days.
92021
There are currently 36 Active listings. Ranging from $249,900 for 3 bedrooms, 2 bathrooms, 1026 square feet to $1,495,000 for 3 bedrooms, 3 bathrooms, 5500 square feet.
60 properties are pending, (currently in escrow).
24 properties sold (closed escrow) in February. Ranging from $160,000 for 2 bedrooms, 1 bathroom, 832 square feet to $665,000 for 3 bedrooms, 3 bathrooms, 3007 square feet. The average time on the market was 83 days.
Monday, February 4, 2013
El Cajon Real Estate Market Report - January 2013
It's a new month so that means it is time for the real estate market reports. Here are the statistics for El Cajon. I have included the numbers for single family homes in all three El Cajon zip codes.
92019
There are currently 44 active Real Estate listings in El Cajon zip code 92019. Ranging from $204,900 for 2 bedrooms, 2 bathrooms, 706 square feet to $1,688,000 for 4 bedrooms, 5 bathrooms, 4498 square feet.
31 properties are pending (currently in escrow).
24 properties sold (closed escrow) in January. Ranging from $171,690 for 3 bedrooms, 2 bathrooms, 1158 square feet to $825,000 for 5 bedrooms, 5 bathrooms, 5128 square feet. The average time on the market was 85 days.
92020
There are currently 32 active Real Estate listings in El Cajon zip code 92020. Ranging from $204,900 for 2 bedrooms, 1 bathroom, 774 square feet to $1,595,000 for 6 bedrooms, 5 bathrooms, 5368 square feet.
43 properties are pending (currently in escrow).
33 properties sold (closed escrow) in January. Ranging from $187,500 for 2 bedrooms, 1 bathroom, 950 square feet to $656,000 for 3 bedrooms, 3 bathrooms, 2944 square feet. The average time on the market was 55 days.
92021
There are currently 34 active Real Estate listings in El Cajon zip code 92021. Ranging from $229,999 for 3 bedrooms, 2 bathrooms, 1704 square feet to $1,495,000 for 3 bedrooms, 3 bathrooms, 5500 square feet.
56 properties are pending (currently in escrow).
26 properties sold (closed escrow) in January. Ranging from $185,000 for 3 bedrooms, 3 bathrooms, 1610 square feet to $799,000 for 4 bedrooms, 3 bathrooms, 4296 square feet. The average time on the market was 46 days.
If you or anyone you know is considering buying or selling a home in El Cajon, please give me a call. I would be happy to help.
92019
There are currently 44 active Real Estate listings in El Cajon zip code 92019. Ranging from $204,900 for 2 bedrooms, 2 bathrooms, 706 square feet to $1,688,000 for 4 bedrooms, 5 bathrooms, 4498 square feet.
31 properties are pending (currently in escrow).
24 properties sold (closed escrow) in January. Ranging from $171,690 for 3 bedrooms, 2 bathrooms, 1158 square feet to $825,000 for 5 bedrooms, 5 bathrooms, 5128 square feet. The average time on the market was 85 days.
92020
There are currently 32 active Real Estate listings in El Cajon zip code 92020. Ranging from $204,900 for 2 bedrooms, 1 bathroom, 774 square feet to $1,595,000 for 6 bedrooms, 5 bathrooms, 5368 square feet.
43 properties are pending (currently in escrow).
33 properties sold (closed escrow) in January. Ranging from $187,500 for 2 bedrooms, 1 bathroom, 950 square feet to $656,000 for 3 bedrooms, 3 bathrooms, 2944 square feet. The average time on the market was 55 days.
92021
There are currently 34 active Real Estate listings in El Cajon zip code 92021. Ranging from $229,999 for 3 bedrooms, 2 bathrooms, 1704 square feet to $1,495,000 for 3 bedrooms, 3 bathrooms, 5500 square feet.
56 properties are pending (currently in escrow).
26 properties sold (closed escrow) in January. Ranging from $185,000 for 3 bedrooms, 3 bathrooms, 1610 square feet to $799,000 for 4 bedrooms, 3 bathrooms, 4296 square feet. The average time on the market was 46 days.
If you or anyone you know is considering buying or selling a home in El Cajon, please give me a call. I would be happy to help.
Wednesday, January 2, 2013
El Cajon Real Estate Market Report - Dec 2012
Happy New Year. I can't believe it is 2013! Where did 2012 go? It is time for the monthly real estate market report for El Cajon. Below are the real estate statistics for December 2012. I have included the numbers for active listing, pending properties and single family homes that sold. The information is divided into the 3 El Cajon zip codes. If you would like information for another area or condos please feel free to give me a call.
92019
There are currently 44 active listings in El Cajon zip code 92019. These are homes that are currently on the market and available to purchase. They range from $235,000 for 2 bedrooms, 1 bathroom, 1180 square feet to $1,688,000 for 4 bedrooms, 5 bathrooms, 4498 square feet.
33 properties are pending (currently in escrow).
22 properties sold in December. Ranging from $205,000 for 3 bedrooms, 1 bathroom, 1209 square feet to $695,000 for 3 bedrooms, 2 bathrooms, 2942 square feet. The average time on the market was 47 days.
92020
There are currently 40 active listings in El Cajon zip 92020. These are homes that are currently on the market and available to purchase. They range from $230,000 for 3 bedrooms, 2 bathrooms, 1435 square feet to $1,595,000 for 6 bedrooms, 5 bathrooms, 5368 square feet.
45 properties are pending (currently in escrow).
28 properties sold in December. Ranging from $185,000 for 2 bedrooms, 1 bathroom, 994 square feet to $640,000 for 3 bedrooms, 3 bathrooms, 2780 square feet. The average time on the market was 77 days.
92021
There are currently 32 active listings in El Cajon zip code 92021. These are homes that are currently on the market and available to purchase. They range from $171,900 for 2 bedrooms, 1 bathroom, 878 square feet to $1,495,000 for 3 bedrooms, 3 bathrooms, 5500 square feet.
47 properties are pending (currently in escrow).
35 properties sold in December. Ranging from $185,000 for 3 bedrooms, 2 bathrooms, 1198 square feet to $845,000 for 4 bedrooms, 4 bathrooms, 3505 square feet. The average time on the market was 91 days.
92019
There are currently 44 active listings in El Cajon zip code 92019. These are homes that are currently on the market and available to purchase. They range from $235,000 for 2 bedrooms, 1 bathroom, 1180 square feet to $1,688,000 for 4 bedrooms, 5 bathrooms, 4498 square feet.
33 properties are pending (currently in escrow).
22 properties sold in December. Ranging from $205,000 for 3 bedrooms, 1 bathroom, 1209 square feet to $695,000 for 3 bedrooms, 2 bathrooms, 2942 square feet. The average time on the market was 47 days.
92020
There are currently 40 active listings in El Cajon zip 92020. These are homes that are currently on the market and available to purchase. They range from $230,000 for 3 bedrooms, 2 bathrooms, 1435 square feet to $1,595,000 for 6 bedrooms, 5 bathrooms, 5368 square feet.
45 properties are pending (currently in escrow).
28 properties sold in December. Ranging from $185,000 for 2 bedrooms, 1 bathroom, 994 square feet to $640,000 for 3 bedrooms, 3 bathrooms, 2780 square feet. The average time on the market was 77 days.
92021
There are currently 32 active listings in El Cajon zip code 92021. These are homes that are currently on the market and available to purchase. They range from $171,900 for 2 bedrooms, 1 bathroom, 878 square feet to $1,495,000 for 3 bedrooms, 3 bathrooms, 5500 square feet.
47 properties are pending (currently in escrow).
35 properties sold in December. Ranging from $185,000 for 3 bedrooms, 2 bathrooms, 1198 square feet to $845,000 for 4 bedrooms, 4 bathrooms, 3505 square feet. The average time on the market was 91 days.
Thursday, December 6, 2012
Good News for FHA Buyers
The Federal Housing Administration (FHA) has extended the 90 day anti flipping waiver through 2014. This is good news for buyers who are using an FHA backed loan to purchase a property. FHA loans only required a 3.5% down payment. The extension of this waiver allows buyers to purchase a home that has been sold previously in the last 90 days.
If this waiver had not been extended, FHA buyers would not be able to buy a home that had been sold in the last 90 days. This would have seriously limited the number of properties they could purchase. FHA buyers are already limited by FHA standards as to the properties they can buy. You add the low inventory we have today and a FHA buyer would have had an even harder time finding a suitable property. I am so glad the waiver was extended.
If this waiver had not been extended, FHA buyers would not be able to buy a home that had been sold in the last 90 days. This would have seriously limited the number of properties they could purchase. FHA buyers are already limited by FHA standards as to the properties they can buy. You add the low inventory we have today and a FHA buyer would have had an even harder time finding a suitable property. I am so glad the waiver was extended.
Monday, December 3, 2012
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.
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.
Friday, November 2, 2012
El Cajon Real Estate Market Report - October 2012
Here is the monthly real estate report for all three zip codes in El Cajon, for the month of October. I have included the statistics for single family homes in El Cajon. If you would like information for condos or another area, please fee free to let me know.
92019
There are currently 51 Active listings for homes for sale in El Cajon zip code 92019. Ranging from $245,000 for 3 bedrooms, 2 bathrooms, 1540 sqft to $1,688,000 for 4 bedrooms, 5 bathrooms, 4498 sqft.
42 homes are pending, in escrow.
30 properties SOLD (closed escrow) in October, ranging from $215,000 for 3 bedrooms, 2 bathrooms, 1040 sqft to $820,000 for 5 bedrooms, 4 bathrooms, 4489 sqft. The average time on the market was 98 days.
92020
There are currently 43 Active listings for homes for sale in El Cajon zip code 92020. Ranging from $169,000 for 2 bedrooms, 1 bathroom, 648 sqft to $979,900 for 6 bedrooms, 3 bathrooms, 4038 sqft.
47 homes are pending, in escrow.
27 properties SOLD (closed escrow) in October, ranging from $191,000 for 2 bedrooms, 1 bathroom, 754 sqft to $750,000 for 6 bedrooms, 4 bathrooms, 3779 sqft. The average time on the market was 41 days.
92021
There are currently 53 Active listings for homes for sale in El Cajon zip code 92021. Ranging from $190,000 for 2 bedrooms, 1 bathroom, 1030 sqft to $3,900,000 for 4 bedrooms, 6 bathrooms, 7745 sqft.
60 homes are pending, in escrow.
36 properties SOLD (closed escrow) in October, ranging from $185,900 for 2 bedrooms, 3 bathrooms, 1696 sqft to $631,500 for 3 bedrooms, 3 bathrooms, 3176 sqft. The average time on the market was 61 days.
92019
There are currently 51 Active listings for homes for sale in El Cajon zip code 92019. Ranging from $245,000 for 3 bedrooms, 2 bathrooms, 1540 sqft to $1,688,000 for 4 bedrooms, 5 bathrooms, 4498 sqft.
42 homes are pending, in escrow.
30 properties SOLD (closed escrow) in October, ranging from $215,000 for 3 bedrooms, 2 bathrooms, 1040 sqft to $820,000 for 5 bedrooms, 4 bathrooms, 4489 sqft. The average time on the market was 98 days.
92020
There are currently 43 Active listings for homes for sale in El Cajon zip code 92020. Ranging from $169,000 for 2 bedrooms, 1 bathroom, 648 sqft to $979,900 for 6 bedrooms, 3 bathrooms, 4038 sqft.
47 homes are pending, in escrow.
27 properties SOLD (closed escrow) in October, ranging from $191,000 for 2 bedrooms, 1 bathroom, 754 sqft to $750,000 for 6 bedrooms, 4 bathrooms, 3779 sqft. The average time on the market was 41 days.
92021
There are currently 53 Active listings for homes for sale in El Cajon zip code 92021. Ranging from $190,000 for 2 bedrooms, 1 bathroom, 1030 sqft to $3,900,000 for 4 bedrooms, 6 bathrooms, 7745 sqft.
60 homes are pending, in escrow.
36 properties SOLD (closed escrow) in October, ranging from $185,900 for 2 bedrooms, 3 bathrooms, 1696 sqft to $631,500 for 3 bedrooms, 3 bathrooms, 3176 sqft. The average time on the market was 61 days.
Monday, October 1, 2012
El Cajon Real Estate Market Report - September 2012
October is here so it is to see what happened in the El Cajon real estate market during the month of September. I have included information for single family homes in all three of the El Cajon zip codes. If you would like information regarding a different area or for condos, just let me know.
92019
There are currently 49 Active real estate listings in El Cajon zip code 92019. Ranging from $239,000 for 3 bedrooms, 2 bathrooms, 1014 square feet to 1,899,000 for 4 bedrooms, 5 bathrooms, 4498 square feet.
54 properties are pending (currently in escrow).
28 properties sold (closed escrow) in September. Ranging from $190,000 for 3 bedrooms, 1 bathroom, 935 square feet to $702,600 for 6 bedrooms, 5 bathrooms, 6700 square feet. The average time on the market was 51 days.
92020
There are currently 54 Active listings in El Cajon zip code 92020. Ranging from $199,000 for 3 bedrooms, 1 bathroom, 1053 square feet to 975,000 for 3 bedrooms, 4 bathrooms, 3388 square feet.
39 properties are pending (currently in escrow).
31 properties sold (closed escrow) in September. Ranging from $165,000 for 3 bedrooms, 1 bathroom, 846 square feet to $700,000 for 4 bedrooms, 3 bathrooms, 2879 square feet. The average time on the market was 64 days.
92021
There are currently 68 Active listings in El Cajon zip code 92021. Ranging from $199,000 for 3 bedrooms, 2 bathrooms, 1454 square feet to 3,900,000 for 4 bedrooms, 6 bathrooms, 7745 square feet.
58 properties are pending (currently in escrow).
40 properties sold (closed escrow) in September. Ranging from $153,000 for 3 bedrooms, 2 bathrooms, 1124 square feet to $620,000 for 4 bedrooms, 4 bathrooms, 3373 square feet. The average time on the market was 59 days.
92019
There are currently 49 Active real estate listings in El Cajon zip code 92019. Ranging from $239,000 for 3 bedrooms, 2 bathrooms, 1014 square feet to 1,899,000 for 4 bedrooms, 5 bathrooms, 4498 square feet.
54 properties are pending (currently in escrow).
28 properties sold (closed escrow) in September. Ranging from $190,000 for 3 bedrooms, 1 bathroom, 935 square feet to $702,600 for 6 bedrooms, 5 bathrooms, 6700 square feet. The average time on the market was 51 days.
92020
There are currently 54 Active listings in El Cajon zip code 92020. Ranging from $199,000 for 3 bedrooms, 1 bathroom, 1053 square feet to 975,000 for 3 bedrooms, 4 bathrooms, 3388 square feet.
39 properties are pending (currently in escrow).
31 properties sold (closed escrow) in September. Ranging from $165,000 for 3 bedrooms, 1 bathroom, 846 square feet to $700,000 for 4 bedrooms, 3 bathrooms, 2879 square feet. The average time on the market was 64 days.
92021
There are currently 68 Active listings in El Cajon zip code 92021. Ranging from $199,000 for 3 bedrooms, 2 bathrooms, 1454 square feet to 3,900,000 for 4 bedrooms, 6 bathrooms, 7745 square feet.
58 properties are pending (currently in escrow).
40 properties sold (closed escrow) in September. Ranging from $153,000 for 3 bedrooms, 2 bathrooms, 1124 square feet to $620,000 for 4 bedrooms, 4 bathrooms, 3373 square feet. The average time on the market was 59 days.
Thursday, September 6, 2012
El Cajon Real Estate Market Report - August 2012
Here are the real estate statistics for all 3 zip codes in El Cajon for the month of August. I have included the numbers for the active, pending and sold single family homes.
92019
There are currently 62 active listings in zip code 92019. Ranging from $169,200 for 2 bedrooms, 1 bathroom, 837 square feet to $1,899,000 for 4 bedrooms, 5 bathrooms, 4498 square feet.
51 properties are pending (currently in escrow).
38 properties sold (closed escrow) in August. Ranging from $230,000 for 3 bedrooms, 2 bathrooms, 1283 square feet to $790,000 for 5 bedrooms, 4 bathrooms, 3400 square feet. The average time on the market was 53 days.
92020
There are currently 49 active listings in zip code 92020. Ranging from $192,000 for 2 bedrooms, 1 bathroom, 816 square feet to $999,900 for 6 bedrooms, 3 bathrooms, 4038 square feet.
50 properties are pending (currently in escrow).
33 properties sold (closed escrow) in August. Ranging from $182,000 for 2 bedrooms, 1 bathroom, 1020 square feet to $699,000 for 5 bedrooms, 3 bathrooms, 3579 square feet. The average time on the market was 36 days.
92021
There are currently 58 active listings in zip code 92021. Ranging from $204,900 for 2 bedrooms, 1 bathroom, 804 square feet to $3,900,000 for 4 bedrooms, 6 bathrooms, 7745 square feet.
75 properties are pending (currently in escrow).
40 properties sold (closed escrow) in August. Ranging from $50,000 for 3 bedrooms, 2 bathrooms, 1509 square feet (on land lease) to $660,000 for 5 bedrooms, 3 bathrooms, 3727 square feet. The average time on the market was 77 days.
92019
There are currently 62 active listings in zip code 92019. Ranging from $169,200 for 2 bedrooms, 1 bathroom, 837 square feet to $1,899,000 for 4 bedrooms, 5 bathrooms, 4498 square feet.
51 properties are pending (currently in escrow).
38 properties sold (closed escrow) in August. Ranging from $230,000 for 3 bedrooms, 2 bathrooms, 1283 square feet to $790,000 for 5 bedrooms, 4 bathrooms, 3400 square feet. The average time on the market was 53 days.
92020
There are currently 49 active listings in zip code 92020. Ranging from $192,000 for 2 bedrooms, 1 bathroom, 816 square feet to $999,900 for 6 bedrooms, 3 bathrooms, 4038 square feet.
50 properties are pending (currently in escrow).
33 properties sold (closed escrow) in August. Ranging from $182,000 for 2 bedrooms, 1 bathroom, 1020 square feet to $699,000 for 5 bedrooms, 3 bathrooms, 3579 square feet. The average time on the market was 36 days.
92021
There are currently 58 active listings in zip code 92021. Ranging from $204,900 for 2 bedrooms, 1 bathroom, 804 square feet to $3,900,000 for 4 bedrooms, 6 bathrooms, 7745 square feet.
75 properties are pending (currently in escrow).
40 properties sold (closed escrow) in August. Ranging from $50,000 for 3 bedrooms, 2 bathrooms, 1509 square feet (on land lease) to $660,000 for 5 bedrooms, 3 bathrooms, 3727 square feet. The average time on the market was 77 days.
Tuesday, August 14, 2012
Great Investment
I came across a new listing in the condo complex that I live in and thought, WOW! The unit has 2 bedrooms, 2 full bathrooms and has 1371 square feet. It is located on the third floor, providing lots of privacy and views of the golf course and mountains. The best part is that it is listed for $175,000. Let's take a look at the numbers and see why I said WOW.
$175,000 list price
- $6150 (3.5 down payment. Yes the complex is FHA approved.)
__________
168,850 Loan amount
$808.00 (monthly payment and interest based on 3.9% interest rate)
$182.00 (estimated monthly property tax)
$ 51.00 (estimated monthly insurance)
$250.00 (current monthly HOA fee)
$127.00 (monthly mortgage insurance required with less than 20% down payment)
$1418.00 (total monthly payment)
Units like this one are currently renting for $1450-$1600. WOW! Own a home for less than rent or buy an investment property for instant cash flow! (FHA loans are for owner occupied purchases. Loans for investors would require higher down payment and change the numbers.) Please pass this one along to anyone you know who is looking for an investment opportunity or anyone who is tired of paying their landlord's mortgage. There are other great deals out there. Give me a call!
$175,000 list price
- $6150 (3.5 down payment. Yes the complex is FHA approved.)
__________
168,850 Loan amount
$808.00 (monthly payment and interest based on 3.9% interest rate)
$182.00 (estimated monthly property tax)
$ 51.00 (estimated monthly insurance)
$250.00 (current monthly HOA fee)
$127.00 (monthly mortgage insurance required with less than 20% down payment)
$1418.00 (total monthly payment)
Units like this one are currently renting for $1450-$1600. WOW! Own a home for less than rent or buy an investment property for instant cash flow! (FHA loans are for owner occupied purchases. Loans for investors would require higher down payment and change the numbers.) Please pass this one along to anyone you know who is looking for an investment opportunity or anyone who is tired of paying their landlord's mortgage. There are other great deals out there. Give me a call!
Wednesday, August 8, 2012
El Cajon Real Estate Market July 2012
Here are the July real estate statistics for the 3 zip codes in El Cajon. I have included the numbers for active, pending, and sold single family detached homes.
92019
There are currently 62 active listings in El Cajon (92019). Ranging from $188,000 for 2 bedrooms, 1 bathrooms, 837 square feet to $1,899,000 for 4 bedrooms, 5 bathrooms, 4498 square feet.
56 properties are pending (currently in escrow).
24 properties sold (closed escrow) in July. Ranging from $200,000 for 3 bedrooms, 2 bathrooms, 1400 square feet to $625,000 for 5 bedrooms, 5 bathrooms, 3835 square feet. The average time on the market for the properties that sold was 70 days.
92020
There are currently 48 active listings in El Cajon (92020). Ranging from $159,000 for 2 bedrooms, 1 bathrooms, 754 square feet to $1,000,000 for 6 bedrooms, 3 bathrooms, 4038 square feet.
52 properties are pending (currently in escrow).
34 properties sold (closed escrow) in July. Ranging from $165,000 for 2 bedrooms, 1 bathrooms, 840 square feet to $620,000 for 3 bedrooms, 3 bathrooms, 2508 square feet. The average time on the market for the properties that sold was 46 days.
92021
There are currently 59 active listings in El Cajon (92021). Ranging from $214,500 for 3 bedrooms, 2 bathrooms, 1384 square feet to $3,900,000 for 4 bedrooms, 6 bathrooms, 7745 square feet.
71 properties are pending (currently in escrow).
43 properties sold (closed escrow) in July. Ranging from $119,900 for 1 bedrooms, 1 bathrooms, 546 square feet to $530,000 for 4 bedrooms, 3 bathrooms, 3274 square feet. The average time on the market for the properties that sold was 73 days.
92019
There are currently 62 active listings in El Cajon (92019). Ranging from $188,000 for 2 bedrooms, 1 bathrooms, 837 square feet to $1,899,000 for 4 bedrooms, 5 bathrooms, 4498 square feet.
56 properties are pending (currently in escrow).
24 properties sold (closed escrow) in July. Ranging from $200,000 for 3 bedrooms, 2 bathrooms, 1400 square feet to $625,000 for 5 bedrooms, 5 bathrooms, 3835 square feet. The average time on the market for the properties that sold was 70 days.
92020
There are currently 48 active listings in El Cajon (92020). Ranging from $159,000 for 2 bedrooms, 1 bathrooms, 754 square feet to $1,000,000 for 6 bedrooms, 3 bathrooms, 4038 square feet.
52 properties are pending (currently in escrow).
34 properties sold (closed escrow) in July. Ranging from $165,000 for 2 bedrooms, 1 bathrooms, 840 square feet to $620,000 for 3 bedrooms, 3 bathrooms, 2508 square feet. The average time on the market for the properties that sold was 46 days.
92021
There are currently 59 active listings in El Cajon (92021). Ranging from $214,500 for 3 bedrooms, 2 bathrooms, 1384 square feet to $3,900,000 for 4 bedrooms, 6 bathrooms, 7745 square feet.
71 properties are pending (currently in escrow).
43 properties sold (closed escrow) in July. Ranging from $119,900 for 1 bedrooms, 1 bathrooms, 546 square feet to $530,000 for 4 bedrooms, 3 bathrooms, 3274 square feet. The average time on the market for the properties that sold was 73 days.
Monday, July 2, 2012
El Cajon Real Estate Market Report - June 2012
It is time for the monthly real estate market report for El Cajon. Here you will find the number of active, pending and homes that sold in June 2012. I have included the statistics for single family detached homes in all 3 of the El Cajon zip codes. As you can see, inventory remains low!
92019
There are currently 56 Active real estate listings in El Cajon zip code 92019. Ranging from $240,000 for 2 bedroom, 2 bathroom, 987 square feet to $1,799,000 for 3 bedrooms, 4 bathrooms, 4702 square feet.
52 properties are pending, (in escrow).
27 properties sold (closed escrow) in June, ranging from $135,000 for 1 bedrooms, 1 bathrooms, 724 square feet to $650,000 for 4 bedrooms, 3 bathrooms, 2514 square feet. The average time on the market was 71 days.
92020
There are currently 49 Active real estate listings in El Cajon zip code 92020. Ranging from $205,000 for 2 bedroom, 1 bathroom, 1020 square feet to $1,100,000 for 6 bedrooms, 3 bathrooms, 4038 square feet.
59 properties are pending, (in escrow).
27 properties sold (closed escrow) in June, ranging from $165,000 for 1 bedrooms, 1 bathrooms, 754 square feet to $650,000 for 5 bedrooms, 4 bathrooms, 4213 square feet. The average time on the market was 94 days.
92021
There are currently 56 Active real estate listings in El Cajon zip code 92021. Ranging from $119,900 for 2 bedroom, 1 bathroom, 681 square feet to $3,900,000 for 4 bedrooms, 6 bathrooms, 7745 square feet.
74 properties are pending, (in escrow).
35 properties sold (closed escrow) in June, ranging from $152,000 for 2 bedrooms, 2 bathrooms, 900 square feet to $648,000 for 4 bedrooms, 4 bathrooms, 4073 square feet. The average time on the market was 82 days.
92019
There are currently 56 Active real estate listings in El Cajon zip code 92019. Ranging from $240,000 for 2 bedroom, 2 bathroom, 987 square feet to $1,799,000 for 3 bedrooms, 4 bathrooms, 4702 square feet.
52 properties are pending, (in escrow).
27 properties sold (closed escrow) in June, ranging from $135,000 for 1 bedrooms, 1 bathrooms, 724 square feet to $650,000 for 4 bedrooms, 3 bathrooms, 2514 square feet. The average time on the market was 71 days.
92020
There are currently 49 Active real estate listings in El Cajon zip code 92020. Ranging from $205,000 for 2 bedroom, 1 bathroom, 1020 square feet to $1,100,000 for 6 bedrooms, 3 bathrooms, 4038 square feet.
59 properties are pending, (in escrow).
27 properties sold (closed escrow) in June, ranging from $165,000 for 1 bedrooms, 1 bathrooms, 754 square feet to $650,000 for 5 bedrooms, 4 bathrooms, 4213 square feet. The average time on the market was 94 days.
92021
There are currently 56 Active real estate listings in El Cajon zip code 92021. Ranging from $119,900 for 2 bedroom, 1 bathroom, 681 square feet to $3,900,000 for 4 bedrooms, 6 bathrooms, 7745 square feet.
74 properties are pending, (in escrow).
35 properties sold (closed escrow) in June, ranging from $152,000 for 2 bedrooms, 2 bathrooms, 900 square feet to $648,000 for 4 bedrooms, 4 bathrooms, 4073 square feet. The average time on the market was 82 days.
Friday, June 1, 2012
El Cajon Real Estate Market Report - May 2012
Here is the May Real Estate Market Report for El Cajon. I have included the numbers for single family detached homes. for all 3 zip codes in El Cajon. If you would like the information for a different area or for condos, please feel free to give me a call.
92019
There are currently only 65 active listings in El Cajon (92019)! Ranging from: $255,000 for 2 bedrooms, 2 bathroom, 987 square feet to $1,799,000 for 3 bedrooms, 4 bathrooms, 4702 square feet.
44 properties are pending (currently in escrow)!
35 properties sold (closed escrow) in May. Ranging from: $175,000 for 3 bedrooms, 2 bathroom, 1180 square feet to $850,000 for 5 bedrooms, 4 bathrooms, 3567 square feet. The average time on the market was 61 days.
92020
There are currently only 65 active listings in El Cajon (92020)! Ranging from: $189,900 for 2 bedrooms, 1 bathroom, 950 square feet to $975,000 for 3 bedrooms, 4 bathrooms, 3388 square feet.
40 properties are pending (currently in escrow).
31 properties sold (closed escrow) in May. Ranging from: $172,000 for 2 bedrooms, 1 bathroom, 1108 square feet to $760,000 for 5 bedrooms, 3 bathrooms, 4357 square feet. The average time on the market was 66 days.
92021
There are currently only 60 active listings in El Cajon (92021)! Ranging from: $119,900 for 2 bedrooms, 1 bathroom, 681 square feet to $3,900,000 for 4 bedrooms, 6 bathrooms, 7745 square feet.
64 properties are pending (currently in escrow)!
31 properties sold (closed escrow) in May. Ranging from: $155,000 for 3 bedrooms, 2 bathroom, 1268 square feet to $515,000 for 5 bedrooms, 5 bathrooms, 2819 square feet. The average time on the market was 76 days.
92019
There are currently only 65 active listings in El Cajon (92019)! Ranging from: $255,000 for 2 bedrooms, 2 bathroom, 987 square feet to $1,799,000 for 3 bedrooms, 4 bathrooms, 4702 square feet.
44 properties are pending (currently in escrow)!
35 properties sold (closed escrow) in May. Ranging from: $175,000 for 3 bedrooms, 2 bathroom, 1180 square feet to $850,000 for 5 bedrooms, 4 bathrooms, 3567 square feet. The average time on the market was 61 days.
92020
There are currently only 65 active listings in El Cajon (92020)! Ranging from: $189,900 for 2 bedrooms, 1 bathroom, 950 square feet to $975,000 for 3 bedrooms, 4 bathrooms, 3388 square feet.
40 properties are pending (currently in escrow).
31 properties sold (closed escrow) in May. Ranging from: $172,000 for 2 bedrooms, 1 bathroom, 1108 square feet to $760,000 for 5 bedrooms, 3 bathrooms, 4357 square feet. The average time on the market was 66 days.
92021
There are currently only 60 active listings in El Cajon (92021)! Ranging from: $119,900 for 2 bedrooms, 1 bathroom, 681 square feet to $3,900,000 for 4 bedrooms, 6 bathrooms, 7745 square feet.
64 properties are pending (currently in escrow)!
31 properties sold (closed escrow) in May. Ranging from: $155,000 for 3 bedrooms, 2 bathroom, 1268 square feet to $515,000 for 5 bedrooms, 5 bathrooms, 2819 square feet. The average time on the market was 76 days.
Tuesday, May 29, 2012
Top 5 Questions for Your Home Inspector Plus one Bonus
I work a lot with buyers and I always recommend that they have a "Physical Inspection" of the property done. Buying a home is probably the biggest investment of your life and you need to know what you are buying. I know it is scary because you have been looking at tons of homes and finally got your offer accepted on your dream home. But you need to know as much about your dream home as possible to truly know if this is your dream home or a nightmare waiting to happen.
The first step is finding a reliable home inspector. You want one who is going to be affordable and thorough. You want a knowledgeable professional who will give you the honest truth. Here are some questions you should be asking when selecting a home inspector.
1. What is your experience and/or training?
2. Can you provide a sample report? You want to see how detailed the report is and what to expect.
3. What is covered and what is not. Some inspectors will not inspect pools, roofs, or appliances. You need to know this upfront.
4. What is the reinspection policy. If there are errors or omissions that come to light later will they come out an reinspect? If repairs are made will they verify the workmanship?
5. Will they provide references?
6. Do they have insurance?
You should try and be at the property when the inspection is done so that you can see exactly what the inspector is noting. Take some time to review the report. Make an informed decision to continue with the escrow and purchase the property or cancel and continue your home search. It can be a difficult decision but in the end you need to be confident you are purchasing a home that is right for you and that you know what you are purchasing.
The first step is finding a reliable home inspector. You want one who is going to be affordable and thorough. You want a knowledgeable professional who will give you the honest truth. Here are some questions you should be asking when selecting a home inspector.
1. What is your experience and/or training?
2. Can you provide a sample report? You want to see how detailed the report is and what to expect.
3. What is covered and what is not. Some inspectors will not inspect pools, roofs, or appliances. You need to know this upfront.
4. What is the reinspection policy. If there are errors or omissions that come to light later will they come out an reinspect? If repairs are made will they verify the workmanship?
5. Will they provide references?
6. Do they have insurance?
You should try and be at the property when the inspection is done so that you can see exactly what the inspector is noting. Take some time to review the report. Make an informed decision to continue with the escrow and purchase the property or cancel and continue your home search. It can be a difficult decision but in the end you need to be confident you are purchasing a home that is right for you and that you know what you are purchasing.
Tuesday, May 15, 2012
FHA Condos - Do They Really Exist?
With all the media coverage on the historically low interst rates and lower home prices, it is no wonder that there are many first time home buyers looking to make a purchase. A FHA loan is often the way to go for these buyers since the down payment can be as little as 3.5%. For many, this can be a double edged sword. I have numerous buyers right now who qualify for $150,000 using a FHA loan. They are interested in buying their first condo and are very excited and ready to go. They quickly realize that it is not going to be as easy as they thought. See when using a FHA loan there are some special criteria that must be met in order to qualify for the loan. Not only do the individuals need to qualify in terms of income, debt and credit but the condo unit and condo complex also need to qualify.
The condo unit has to be habitable. The condo systems such as electricity, plumbing and heat all need to be in good working order. There needs to be flooring, no peeling paint or holes, and a working stove. With a $150,000 purchase price limit, in San Diego this is the very bottom of the home price range. Many of the condos are in very rough condition and will not meet the FHA requirements. Let's say we do find one in decent condition, that is only the first hurdle. Now we need to take a look at the complex. The complex needs to have minimum of 51% owner occupied units. As more investors snap up the units that are in rough shape and rent them out the lower this percentage becomes. Leaving fewer and fewer complexes that meet this requirement. The third hurdle is that in order to go FHA the complex must not have a high delinquency rate of the HOA fees. With so many homeowners losing their condo many times the HOA fees are not paid for months at a time and if the property is a short sale many banks will NOT agree to pay the back HOA fees. The HOAs need to be in good shape in order for FHA to be possible. The complexes that have the higher owner occupied percentages and lower delinquency rates tend to be the more expensive complexes, which are out of the buyer's budget. I tell you this to keep you informed so that you go into your home search with your eyes wide open. For example in zip code 92019 there are only 11 complexes on the FHA approval list and most do not have condos listed for under $150,000.
So where does that leave you? It is not impossible to find a FHA condo for under $150,000 but you need to understand that not every condo you see on a listing website will work for you. You will need to have patience and understand the rules you are playing by. This will allow you to make informed decisions and be less likely to be disappointed when you find a condo you love but doesn't qualify for FHA. You will understand that there is stiff competition for properties of this type and be able to write competitive offers when you do find one that suits your needs. So go into the house hunt with knowledge and understanding. Understand what you are up against and don't give up. Keep looking and pushing and you will find what you need but give yourself plenty of time to do it.
The condo unit has to be habitable. The condo systems such as electricity, plumbing and heat all need to be in good working order. There needs to be flooring, no peeling paint or holes, and a working stove. With a $150,000 purchase price limit, in San Diego this is the very bottom of the home price range. Many of the condos are in very rough condition and will not meet the FHA requirements. Let's say we do find one in decent condition, that is only the first hurdle. Now we need to take a look at the complex. The complex needs to have minimum of 51% owner occupied units. As more investors snap up the units that are in rough shape and rent them out the lower this percentage becomes. Leaving fewer and fewer complexes that meet this requirement. The third hurdle is that in order to go FHA the complex must not have a high delinquency rate of the HOA fees. With so many homeowners losing their condo many times the HOA fees are not paid for months at a time and if the property is a short sale many banks will NOT agree to pay the back HOA fees. The HOAs need to be in good shape in order for FHA to be possible. The complexes that have the higher owner occupied percentages and lower delinquency rates tend to be the more expensive complexes, which are out of the buyer's budget. I tell you this to keep you informed so that you go into your home search with your eyes wide open. For example in zip code 92019 there are only 11 complexes on the FHA approval list and most do not have condos listed for under $150,000. So where does that leave you? It is not impossible to find a FHA condo for under $150,000 but you need to understand that not every condo you see on a listing website will work for you. You will need to have patience and understand the rules you are playing by. This will allow you to make informed decisions and be less likely to be disappointed when you find a condo you love but doesn't qualify for FHA. You will understand that there is stiff competition for properties of this type and be able to write competitive offers when you do find one that suits your needs. So go into the house hunt with knowledge and understanding. Understand what you are up against and don't give up. Keep looking and pushing and you will find what you need but give yourself plenty of time to do it.
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