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Santee Real Estate Wrap-Up: Home Supply at a High, Well Priced

With historically low mortgage rates and some great pricing and increased availability in the city of Santee, Rob McNelis and Suzanne Coleman discuss the state of the housing market.

Santee Housing Market Overview with Rob McNelis and Suzanne Coleman

There are currently 58 detached homes available for sale in Santee. They range in price from $299,000 to $759,000. This represents both an increase in available inventory and pricing, which are each good points for buyers as well as sellers.  

The average price of an available home is $467,000 which averages out to a price per square foot of $275.  The average time on the market has increased from the all-time lows of earlier this year to about 35 days and currently there is about 2 months of inventory (available homes) on the market.

31 attached homes are up for sale in Santee as of today with a price range of $180,000 all the way up to $452,000.  The low end make great homes for first time buyers and in a trend seen nationally, some move up buyers with young families are choosing attached homes.   

The higher end attached homes in Santee allow both empty nesters and young families to choose from many of the outdoor recreation amenities Santee has to offer, while not having the responsibility and burden of a yard to maintain.

In closing with historically great interest rates and increased inventory, it's a great time to buy despite the social business of the holiday season.  Pre-qualify today with Rob and find a perfect home in Santee with Suzanne tomorrow!  Close before the end of the year and enjoy your tax break!

Rob McNelis
Loan Officer - NMLS# 830519
Direct: 619.279.6162
robm@summitmortgage.com
www.robmcnelis.com
Stay current on Rates and Industry News by subscribing to: www.SummitMortgageMinute.com
It’s Fast, Easy and only takes a Minute!

Suzanne Coleman
www.SuzanneRColeman.com
Suzanne@BigBlockRealty.com
Big Block Realty
619-206-2784 Cell
858-863-0817 Fax
CA BRE Lic # 01747776
The Blog is BACK!  www.suzannercoleman.blogspot.com

rudy reyes November 23, 2013 at 01:13 PM
I question the ethics of a city councilman selling properties in that city. Might even be illegal, as to manage and sell that land is illegal under other laws.
rudy reyes November 23, 2013 at 01:19 PM
Looked it up found "insider trading" laws might be being violated here
Rob McNelis November 23, 2013 at 05:09 PM
First of all Mr. Reyes, I do not sell real estate. I am a lender. Secondly even if I was selling real estate it would be completely legal and more importantly ethical. Slander on the other hand sir is not legal and you can be held accountable. Find another cause to take up and try making a "Positive" difference in your community for once instead of constantly trying to knock down those actually working to do so. If you want to talk to me directly about this further I would be happy to meet with you face to face. Have a blessed day.
rudy reyes November 23, 2013 at 05:53 PM
Mr mcneilus please set up the meeting. Please!
rudy reyes November 23, 2013 at 06:09 PM
http://www.wickedlocal.com/cambridge/news/x1090816435/Ex-Cambridge-City-Council-candidate-settles-insider-trading-charges
Kim November 24, 2013 at 12:25 AM
Good article Rob. It is nice to know our homes are returning to their PRE-recession values. Have a great day : )

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