Real Estate
$1.25M Was the Most Paid for a Home in Ramona in 2013
Snapshot of the Ramona real estate market.
Written By Nikki Coppa
Ramona is posting a 16% overall gain in sale price over 2012 year to date (YTD). This falls short of the 19% increase in both East County and in San Diego County as a whole. The highest sale reported YTD in Ramona remains at $1,250,000.
As expected, inventory "supply" levels have been increasing throughout the county. In Ramona the number of properties actively for sale has actually decreased a smudge, but the number of units that sold last month decreased fairly significantly. These two numbers are used to determine current "supply" in an area. Although supply levels are elevated, the 2013 YTD average sale price in Ramona continue to increase, despite the lull in closings.
Buyers that became discouraged during the 2013 spring/summer melee would be wise to jump back in the hunt now. Ramona is sporting a healthy 4.1 month supply of combined inventory which translates into more buyer choices and motivated sellers.
The inventory mix of homes for sale in Ramona features 3% foreclosures, 7% short sales and 90% equity sales.
As expected, inventory "supply" levels have been increasing throughout the county. In Ramona the number of properties actively for sale has actually decreased a smudge, but the number of units that sold last month decreased fairly significantly. These two numbers are used to determine current "supply" in an area. Although supply levels are elevated, the 2013 YTD average sale price in Ramona continue to increase, despite the lull in closings.
Buyers that became discouraged during the 2013 spring/summer melee would be wise to jump back in the hunt now. Ramona is sporting a healthy 4.1 month supply of combined inventory which translates into more buyer choices and motivated sellers.
The inventory mix of homes for sale in Ramona features 3% foreclosures, 7% short sales and 90% equity sales.
By Nikki Coppa, Realtor® • DRE Lic # 01266573 • (619) 274-1426
Statistics compiled Dec-13 using Sandicor data. Information deemed reliable but not guaranteed.
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