San Diego Real Estate August Market Report for Rancho Bernardo
So How's Your Market?
There is good news and bad news , which would you like first?
Here is the Good News.
* During the month of August, there are 263 Active Listings in RB ( Rancho Bernardo). The Average Price is $899,718 and the Median Price is $668,880. There were 53 Listings Pending Close of Escrow and 46 Sold Listings during the month. The Average Sold Listing was $694,993 and the median sold was $564,450.
A Recap of the Year to Date Sales shows we had 246 sold homes so far with the high selling price of $4,000000 and the low of $324,900. As you can see, we have a wide variety of single family homes ranging in size from 1200 sq ft to over 9,000.
On the Attached Home side of the housing market we have the following activity that took place in August. There are 58 Active Attached Listings through the end of August. The Average List price was $272,370 and the Median List Price was $278,000. There were 10 Listing Pending Close of Escrow ranging in price from $132,500 to $383,000. The 4 Attached Properties that Sold ranged from $145,000 to $499,876.
A Recap of the Year to Date Sales shows we had 138 Attached Homes Sales with a High Selling Price of $689,000 and a Low Selling Price of $125,000 for 540 sq ft. The Average Selling price was 261,249 for 1,163 sq ft and the Median Sales Price year to date was 234,950 for 1092 sq ft.
That was the Good News! Ready for the Bad News? Home prices are tending up and there is strong evidence that interest rates will likely be going up as well. Sitting and waiting for a better deal in Rancho Bernardo is not likely to happen so if you are considering a new Home or Condo, now is time to get in the market.
*Data obtained from Sandicor MLS and believed to be correct but not gauranteed.