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January 2010 Scripps Ranch Real Estate Market Update


January 2010 Scripps Ranch single family home sales were 12 with a list price of $650,733 and sold price of $595,500. Sellers were getting around 8.4 percent less from the list price. This is lower than 13 homes sold with 16.2 percent deduction on the list price a year earlier.

The Scripps Ranch homes for sale dropped 15.3 percent from 156 in January 2009 to 132 in January 2010. A home last year has an average active list price of $757,844, and it was 2.9 percent lower than $781,266 over the past 12 months. This information is based on the real estate market activity of San Diego in the 92131 zip code for January 2009 vs. January 2010.

In Scripps Ranch Real Estate, entry level property prices are increasing and mid level and luxury properties are attractively priced. This is the best time to sell a Scripps Ranch real estate property at a premium price to take advantage of the $250,000 ($500,000 if married) Capital Gains Exemption. Now is also favorable for home buyers to lock in a 30 year mortgage at a low interest rate and get up to $8,000 tax credit. Homes' interest rates have hit the bottom and are likely to rise again. So, grab the best opportunities to invest in Scripps Ranch!

Click Here: Search All of Scripps Ranch Homes
Posted on January 19, 2010 15:38:21 by Claude Braunstein & Associates

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