Jul 28, 2014

Santee Real Estate Wrap-Up: Home Supply at a High, Well Priced

With historically low mortgage rates and some great pricing and increased availability in the city of Santee, Rob McNelis and Suzanne Coleman discuss the state of the housing market.

Santee Real Estate Wrap-Up: Home Supply at a High, Well Priced

Santee Housing Market Overview with Rob McNelis and Suzanne Coleman

There are currently 58 detached homes available for sale in Santee. They range in price from $299,000 to $759,000. This represents both an increase in available inventory and pricing, which are each good points for buyers as well as sellers.  

The average price of an available home is $467,000 which averages out to a price per square foot of $275.  The average time on the market has increased from the all-time lows of earlier this year to about 35 days and currently there is about 2 months of inventory (available homes) on the market.

31 attached homes are up for sale in Santee as of today with a price range of $180,000 all the way up to $452,000.  The low end make great homes for first time buyers and in a trend seen nationally, some move up buyers with young families are choosing attached homes.   

The higher end attached homes in Santee allow both empty nesters and young families to choose from many of the outdoor recreation amenities Santee has to offer, while not having the responsibility and burden of a yard to maintain.

In closing with historically great interest rates and increased inventory, it's a great time to buy despite the social business of the holiday season.  Pre-qualify today with Rob and find a perfect home in Santee with Suzanne tomorrow!  Close before the end of the year and enjoy your tax break!

Rob McNelis
Loan Officer - NMLS# 830519
Direct: 619.279.6162
Stay current on Rates and Industry News by subscribing to: www.SummitMortgageMinute.com
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Suzanne Coleman
Big Block Realty
619-206-2784 Cell
858-863-0817 Fax
CA BRE Lic # 01747776
The Blog is BACK!  www.suzannercoleman.blogspot.com

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