San Diego Back Country Home Sales

March 28, 2014by Deborah Kerch

San Diego Back Country Sale Prices Fall

Homes in the San Diego back country are, on average, selling for $258,964 at 97% of the offering price in 128 days, which buys 2 bedrooms and 2 baths and 1,673 square feet of living space on a little over 4 acres of land. The 14 sales are only 67% of the total sales during the same period last year, with a 26.5% increase in value for nearly the same square footage and lot size. Thus, homes are appreciating at the rate of over 2.2% per month; less sales for a lot more money – the sign of a recovering equity sales market.

Julian and Back Country Land Sales

Land sales have shown little signs of improvement. An average parcel of 18.9 acres will cost $90,945 at 61.5% of the asking price after 230 days on the market, on average. To date this year, there have been 11 sales in the 5 zip code backcountry area, a decrease of 3 sales during the same period last year, with a 30% decrease in value. Market time has increased by about 90 day to 230 days average market time for sold properties. It appears from the data that land value is still months off from stabilizing.

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This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived are protected by copyright. Compilation © 2024 San Diego MLS.

Deborah Kerch: CA DRE #1441209
Orchard Realty, Inc.
2526 Washington St – Julian, CA 92036
Phone: 760-765-1000

CA BRE #01441209 | CA BRE #01934854

Corporate DRE: #01950433

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