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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:

Just like I said in the last edition, we are heading into the "Holiday Season," and as such the market does tend to slow down.

Even still, there are currently 38 single family detached homes on the market in Santee right now with an average square footage of 1,632 and an average price per square foot of $251.50. This is $10 a square foot lower that it was on the first of the month, but if seasonally adjusted, really is par for the course.

With that being said, here are my "Hot Picks" for the week. I have 8819 Prospect Ave. listed as number one because it is listed at only $182.61 a square foot and has been completetly updated (asthetically at least), but it does sit on one of the busier streets in town. A very close second is 10155 Conejo Ln. This is a single story home at 2,800+ square feet that is being offered at only $194.20 per square foot. It is also a newer construction home (not just a cosmetic flip) and being a single story, it will comand a stronger resale value in the future.

Asking Price Bed/Bath Adddress Sq Ft

$/Sq Ft

$210,000 3/1 8819 Prospect  1,150 $182.61 $549,000 4/3 10155 Conejo Ln. 2,827 $194.20 $205,000 3/2 8456 Desiree Ln. 1,040 $197.12 $449,900 4/3 10001 Waynecrest Ln. 2,214 $203.21

Recently SOLD:

There have been 31 homes that have closed escrow in the last month with an average sales price of $336,778 and an average of three bedrooms, two bathrooms and 1,475 square feet. Here are the top four grossing sales in terms of dollars per square foot in the last two weeks.

Sold Price Bed/Bath Address Sq Ft $/Sq Ft $315,000
3/1 9233 Fairen Ln. 1,054 $298.86 $367,000  3/2 9219 Lake Canyon Rd. 1,305 $281.23 $300.000 3/2 8081 Poplin Dr.  1,067 $281.16 $335,000 3/2 10642 Braverman Dr. 1,242 $269.73

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

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