Mira Mesa Real Estate Update (January 2011)

Here is a quick update on the Real Estate Market in Mira Mesa.

21 Single Family Homes SOLD in January 2011 with an average sales price of 3% below asking price.

17 Condominiums SOLD in January 2011 with an average sales price of 3% below asking price.

Now lets compare it to January 2010

19 Single Family Homes SOLD in January 2010 with an average sales price of 9% above asking price.

13 Condominiums SOLD in January 2010 with an average sales price at asking price.

January 2010 and 2011 were 2 different markets. In January 2010, the First Time Home Buyer Tax Credit was available so when I was pulling these statistics, I would of guessed 20 more homes sold in January 2010 versus 2011. I was wrong there but I am not surprised on how much more the sales price to asking price was in January 2010. 9% more than the asking price for Single Family Homes in January 2010 is amazing. It was like paying for the Tax Credit.

This was a quick update so if you have any questions or need assistance on buying or selling a home in Mira Mesa, please let me know.

*Stats are provided by the Sandicor and are deemed reliable but not guaranteed.

Paul Caparas
Broker Associate

Cell: 858-349-2390 | E-Fax: 619-209-7597
paul@paulcaparas.com | www.PaulCaparas.com
CA DRE # 01397640

Selling San Diego Real Estate since 2003