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Real Estate

Santee Real Estate Wrap-Up: $400,000 Average Asking Price

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

Rob McNelis, Neighbor
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Also read: Santee Sales Home Prices are Rising so Far in 2013

ON MARKET:

There are currently only 18 detached and 8 attached homes on the market in Santee. These numbers reflect a 15 day overall supply of homes currently for sale, far below the overall San Diego County inventory supply of 54 days.

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The city has an average asking price per square foot of over $252, with the average home on the market being 1,660 square feet with 3 bedrooms and 2 baths. Our average asking price for a home in Santee right now is $400,444.

Here are my top four picks for this week. The home that is probably the best bang for the buck is the listing at 8981 Silver Court. Although it is a short sale and may take some time to close, at $179.27 a square foot, it would be tough to go wrong. The other three are traditional sales boasting numerous upgrades while remaining far below the average sale price per square foot of $249.14 last month.

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Asking Price Bed/Bath Adddress Sq Ft

$/Sq Ft

$505,000 4/3 8981 Silver Ct. 2,817 $179.27 $549,000 4/3 10155 Conejo Ln. 2,827 $194.20 $449,900 4/3 9767 San Remo Rd. 2,167 $207.61 $374,900 2/2 8313 Bishoff Ct. 1,721 $217.84

Recently SOLD:

As we enter March of 2013, Santee is exhibiting a 16% gain in sale price over 2012 YTD overall.

This coincides with the 16% overall gain throughout San Diego County, and surpasses the 13%

gain in other East County communities. The highest sale reported year to date (YTD) in Santee came in at $605,990. In the last month we have had 28 detached homes close escrow, with an average sales price of $375,456.

 

Here are some of the top sales per square foot in Santee this last month:

Sold Price Bed/Bath Address Sq Ft $/Sq Ft $369,000
3/2 10146 El Nopal 1,032 $357.56 $335,000 3/2 9707 Abbeyfield Rd. 1,017 $329.40 $419,000 3/2 9206 Birchcrest Blvd. 1,323 $316.70 $350,000 3/2 9491 Cambury Dr. 1,116 $313.62

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 December 2012, represents properties listed or sold by various brokers.

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