Month: October 2010

La Mesa Real Estate Market

The La Mesa Real Estate market which is a part of San Diego County is a market within San Diego that has held on to strong home values despite many other real estate markets seeing large declines in Value.

The median price for a home in La Mesa as of October, 2010 is $425,000. The current Market Action Index for La Mesa is 17.63 which currently makes La Mesa a buyers market based on supply and demand. The median price per square foot for a home in La Mesa is $246. The average time a home has been on the market is 102 days. Over the last year home values have seen a gain of approximately 7%. Currently there are 28 active foreclosures listed in the MLS and 68 active short sale listings.

Underwater Homes in San Diego

Real estate in San Diego has seen an increase in values over the last 6 months. But we are going to need to see many more months of improvement for everyone to start feeling more confident about the market. Many homeowners are underwater in San Diego. Most people including myself feel that we won’t see home values improve until 1 of 2 or perhaps both things happen.

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