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This Week’s Santee Real Estate Wrap-Up

This weeks "Hot Picks" for Real Estate in Santee and an analysis of the market.

Also read: New FHA Insurance Premiums Could Save You Thousands

ON MARKET:

Well, it has been a busy couple of months in the Real Estate market. Now that Halloween has come and gone, this is when the market traditionally starts to slow for the holidays. Lets face it, who wants to have their home on the market and have strangers coming through while getting ready for Thanks Giving and Christmas? The answer is; all of the people that NEED to sell rather than just WANT to sell.

Currently there are 32 homes on the market in Santee with an average of 1,645 square feet and 4 bedrooms 3 bathrooms, and average asking price of $402,802 which equates to an average of $261.62 per square foot.

Out of all of these listings the Hottest Deal on the market right now is listed by a Santee icon, Ron Durret. It is the home listed on 9575 Mavin Dr. The asking price is $449,900 but at 2,473 square feet this four bedroom, three bath house is only $181.93 a square foot. Best of all it is not a short sale, or bank owned home. This is a traditional sale!!

Below are the stats for the three next best buys on the market. Go check them out for yourself. 

Asking Price Bed/Bath Adddress Sq Ft

$/Sq Ft

$449,900 4/3 9575 Mavin Dr. 2,473 $181.93 $324,500 3/3 7907 Poplin Dr. West 1,800 $180.28 $285,000 3/2 8758 Our Way 1,284 $221.96 $389,900 4/2 9804 Via Francis 1,564
$249.30

Recently SOLD:

There have been 33 homes that have closed escrow in the last month with an average sales price of $326,061 and an average of three bedrooms, two bathrooms and 1,516 square feet. Now with all of that said, here are four of the 10 sales that closed in the last two weeks.

Sold Price Bed/Bath Address Sq Ft $/Sq Ft $349,000
3/2 9556 Abbeyfield Rd. 1,017 $343.17 $355,000  3/2 9219 Lake Canyon Rd. 1,092 $325.09 $310,000 3/2 9316 Woodruff Way.  1,006 $308.15 $298,000 3/2 9105 Heatherdale St. 1,032 $288.76

If you would like to be prequalified to purchase one of these homes, or any home in California, please give me a call.

Rob McNelis
Summit Mortgage
NMLS#830519
(619) 928-9762
robm@summit-mortgage.com
www.RobMcNelis.com

Data from SANDICOR, Inc. for October 2012, represents properties listed or sold by various brokers.

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