The La Mesa Real Estate market which is part of San Diego County, is a market that has held on to strong home values despite many other real estate markets seeing large declines in value. Often as I have talked about in the past, a city can maintain real estate values despite a recession because of a school district. It may not be the only factor but it certainly helps. If you look around San Diego County at some of the strongest real estate markets they all have a solid school district.
The median price for a home / condo in La Mesa as of October, 2010 is $363,000. 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 La Mesa foreclosures listed in the MLS and 68 active La Mesa short sale listings.
What is it like to live in La Mesa?
Being 539 feet above sea level, La Mesa offers great views of the Pacific Ocean and many other parts of the county. It’s where the old Southern Pacific Railway has been recreated, with no admission fee, your free to take pictures of the locomotive engine, freight car and the caboose on the tracks. If you want to really take in the charm of the town, try walking down the West End of La Mesa Boulevard and you’ll see shops that can take you back in time. You won’t find yourself starving after all that walking around the downtown village. There are plenty of fine restaurants to satisfy your appetite along with several neighborhood bars and coffee shops that are a great place to unwind in the evenings.
One of the events that La Mesa is well known for is Oktoberfest. There’s much food, drink and dancing and even shopping from among the hundreds of booths that line La Mesa Boulevard.
The La Mesa Village Farmers’ Market is a Friday tradition that you shouldn’t miss. This is where you can get homegrown, fresh produce, herbs, flowers and even tortilla chips! The La Mesa Real Estate Market is a unique one that offers a lot of value for the price.