Point Loma is a seaside neighborhood of San Diego, California. Point Loma is a hilly peninsula that is bordered on the west and south by the Pacific Ocean, the east by the San Diego Bay, Old Town and the north by the San Diego River. Across the San Diego Bay to the downtown skyline there are startling views. From the western cliffs of the park, there is a platform that makes it easy to view the November-to-March winter whale migration. This migration is when scores of gray whales pass by en route to their breeding grounds off Baja California, Mexico.
This is a discussion on the sales prices of homes sold recently as compared to last year. In the past 90 days, there have been 20 homes that have sold and closed escrow in Point Loma, CA. These homes range in prices from a low of $358,500 for 3 bedroom 1 bath, and 936 square foot home on Poe. With a high price of $2,000,000 for a 4 bedroom, 3 baths, and 3,389 square foot home on San Gorgonio. The average sold price is $876,668 the average price per square foot is $424.36 and the average days on market are 70 days. Sales price compared to list price is 95%.
During this same 90 day period last year, there were 17 homes that sold and closed escrow in Point Loma, CA. These homes range in price from a low of $350,000 for a 2 bedroom, 2 bath, and 1,315 square foot home on Macaulay St. Up to the high price of $1,425,000 for a 4 bedroom, 3 baths, 3,796 square foot home on Willow. The average price of these sold homes one year ago was $886,441 and the average price per square foot was $442.07. Also, the average days on the market were 68 days. Sales price compared to list price is 93%.
Comparing these figures to the current market are the following; the average price decreased by 11% and the average price per square foot decreased by 4%. Comparison on the number of sales increased by 2%.
The prices have moderately decreased, compared to the rest of the market, high inventory and increase in foreclosures. The activity shows good signs of stability.
The above statistics is a broad sample of data, to get a specific value of a home or if you are thinking of buying in this area, please contact me.
If you would like to get loan information from recommended bank's, or get started and view all homes, condos, investment properties, pre-foreclosures or bank owned foreclosures (REO's), please visit our website at:County Properties San Diego or County Properties Riverside
