Wednesday, February 11, 2009

Detached Active's and Pending's

A quick look at Single Family Detached homes in the 92024 and 92007 reveals a few trends.

Taking a look the listed inventory with a minimum price of $900,000 shows 160 properties actively listed. Currently 10 are in escrow, a 16-1 ratio.

The $600,000 and less price range shows 32 properties actively listed and 18 in escrow. This is almost a 2-1 ratio.

In summary the entry market place (600k & less) here in town is healthy with only a few months of inventory, on the other hand the high end (900k+) appears to have a one and half years of inventory.

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