La Mesa and Real Estate
The March 2013 home sales data released by the Pacific Southwest Association of Realtors reflect an15% increase in homes sales during the first two months of 2013 compared to last year’s sales. The average sales price for a La Mesa home was $341,319, compared to $296,348 last year. There are approximately 91 homes for sale. The median list price is $497,000 for a La Mesa home and the average days on the market during the first two months of the year was 28 days. Local La Mesa real estate agents are reporting homes selling quicker as well. That is good news for both buyers and sellers. With signs of the housing market recovery, buyer confidence is strong. Since the La Mesa real estate inventory has shrunk, many buyers are competing to find well-priced La Mesa homes.
According to RealtyTrac, there are 190 properties in some sort of state of foreclosure in La Mesa. However, the number of homes that received a foreclosure notice during the month of March 2013 was 31% lower than the previous month and 61% lower than the same time last year. The median sales price for a La Mesa foreclosure home was $307,600.
While nationally, Realtor.com released their March 2013 data, which reflects that the national housing inventory decreased 15.22% since the same time last year, although the number of listings increased 2.3% in February. However, there are a lot fewer homes on the market this year than there were last year. Nationally, the average list price was $190,000.
A word to the wise, if you find a La Mesa, CA home that meets your needs, make your offer quickly before another buyer comes along and steals your treasure. Working with a local La Mesa Realtor is the best way to find your dream property. The Realtor is familiar with the La Mesa area and the La Mesa real estate inventory and can help you determine the right price to pay for your La Mesa home if you are a buyer. Smart sellers also know that selling a home in La Mesa requires the expertise of an experienced La Mesa Realtor to market their home to the right qualified buyer.
The rest of 2013 appears promising for the La Mesa and surrounding area real estate market. It is anticipated that more sellers will decide to list their homes this spring into summer. However, in order to compete with foreclosure and distressed homes, sellers must still be realistic and price their homes right. Buyers can still find affordable homes and interest rates are still low. Home prices should continue to stabilize throughout the rest the year with some neighborhoods seeing prices inching up slowly in the near horizon.
Article contributed by San Diego Home Sales on La Mesa, Ca