Real Estate: More Lower-Priced Homes on the Market
Last updated 9/23/2015 at 1:26pm
August is behind us and cooler weather is ahead. Inventory dropped from sixty-six single family homes for sale on Aug. 1 to sixty homes on Sept. 1. There are 141 lots for sale, identical to last month.
There are eight commercial property and multifamily home listings which is up one from last month.
In the case of single family homes, the average listed price is $246,705 down from last month's $259,564. We have seen the average days on the market down one from 178 to 177.
Decreases in average listed price just means that there are more lower priced homes on the market compared to the first seven months of the year.
Our two spotlighted homes this month are 1575 Yaqui Road and 768 Rango Way.
1575 Yaqui Road is listed for $349,500 and is 2,072 sq. ft., with 2 bedrooms, 3 bathrooms with bonus room. Its hand-crafted features make this Mid-Century de Anza home one-of-a-kind. Spanish accented exterior with front entry through a walled courtyard with tiled crafted mosaic walkway and planter. Optional bedroom and bath are separated from the home by a large entry room. Low maintenance flagstone floors. Concrete block exterior and some interior walls. Rebuilt kitchen with Travertine counters/breakfast bar and Alder cabinets. Low-E double pane ribbed glass windows, and paneled windows/doors to back patio/yard.
768 Rango Way is listed for $200,000 and is 1,500 sq. ft. with 2 bedrooms, 2 bathrooms and a bonus room. This well maintained newer has covered front and back patios, lovely granite countertops in both the kitchen and bathrooms.
Six homes are currently under contract ranging in price from $123,000 for a home in Sun Gold to $200,000 for a home in Unit G.
The average listed price for homes under contract is $160,983 or $108.28 per square foot.
As with last month, the average listed price is down $24,988, the average price per square foot is up $1.49.
The homes under contract are, 2040 Trebuchet and 1907 Falchion in Sun Gold, 775 San Pablo in Ocotillo Heights, 3446 Carillo Road in Unit G, 4969 Desert Vista Dr in Rams Hill and 1054 Rango Way that is not in a specific subdivision.
Four homes sold in August ranging in price from $24,900 for a one bedroom condo in Club Circle to $329,000 for a home on the golf course at de Anza Country Club.
To date, 79 homes have been sold. Valley wide, the average sales price is $183,979 or $111.23 per square foot. This number includes homes in mobile home parks. Removing homes in mobile home parks, the average sales price increases to $192,924 or $115.31 per square foot.
Breaking down sales by neighborhood, Borrego Springs Park one sold for an average price of $135,000 or $90.73 per sq foot. Borrego Springs Park two sold for an average price of $170,750 or $114,48 per sq. ft.
Club Circle East sold for an average price of $27,083 or $40.30 per sq. ft. Club Circle West sold for an average price of $60,000 or $59.52.
De Anza Golf Estates sold for an average price of $329,129 or $124.14 per sq. ft. de Anza Villas sold for an average price of $93,000 or $62.63 per sq. ft.
Deep Well sold for an average price of $162,664 or $113.81 per sq. ft.
Indian Head Ranch sold for an average price of $369,900 or $67.38 per sq. ft.
Ocotillo Heights sold for an average price of $134,250 or $95.91 per sq. ft.
Rams Hill Casita sold for an average price of $120,000 or $101.10 per sq. ft. Rams Hill sold for an average price of $295,488 or $147.98.
Sun and Shadows sold for an average price of $67,001 or $63.99 per sq. ft.
Sun Gold sold for an average price of $124,900 or $76.53 per sq. ft.
Unit B sold for an average price of $280,000 or $148.74 per sq. ft.
Unit D sold for an average price of $360,000 or $151.26 per sq. ft.
Unit E sold for an average price of $135,750 or $107.57 per sq. ft.
Unit F sold for an average price of $203,333 or $125.28 per sq. ft.
Unit G sold for an average price of $124,392 or $103.88 per sq. ft.
Unit H sold for an average price of $225,000 or $151 per sq. ft.
Unit K sold for an average price of $222,667 or $121.17 per sq. ft.
Villas Borrego sold for an average price of $110,000 or $85.54 per sq. ft. Homes not in a specific subdivision sold for an average price of $197,071 or $116.67 per sq. ft.
Thinking about selling your home? Prices are on the rise. Call your favorite REALTOR today for a market analysis.
Kathy King is Broker/Owner of Coldwell Banker Borrego on Palm Canyon Drive. See their ad on Page 25 in our real Estate section.