La Costa Oaks Homes for Sale and Market Update
For February 2014
La Costa Oaks Real Estate specialist, Michael Gaddis, shares market data for the La Costa Oaks neighborhood, from the Sandicor MLS. Discover what homes are selling for, how many homes are listed as well as the average cost per square foot in the area. For help with La Costa real estate call 760.487.8266 or email email@example.com today.
La Costa Oaks Homes for Sale and Market Update Video Transcript
**Video auto-transcribed by YouTube, please excuse any inconsistencies.
I’m hi I’m Michael Gaddis your La Costa Oaks real estate expert today I’d like to talk to you a little bit about the market and La Costa Oaks homes for sale currently on the market. This is your February 2014 real estate market update currently there’s a lot a activity in my casa Oaks actually there’s a lot more activity in the Casa ok stand saying press the ranch are Rancho Korea currently there are 10 active listings in La Costa Oaks the average listing in the cost active listing La Costa Oaks is for veterans 4 baths with 03820 square feet the average list price for an active listing in La Costa Oaks is 1 million 171,000 and ninety dollars the average list price per square foot is 304 dollars I forgot to mention that the data that I’m calling for this particular report comes from Sandy for which is the San Diego County Multiple Listing Service data that I whole as far as the clothes listings occurred from January 1st 2014 and chill January 18 2014 I just wanted to make sure you guys were where and getting this data currently there is one in contention listing in La Costa Oaks now for those of you who do not know what a contingent listing is a contingent listing is a listing that require some sort of approval I her from a court or from a lender typically they refer to short sales so right now there is one contention listing and Lacoste Oaks the average will not the average since it’s the only this particular listing has 3 bedrooms 3 baths 3,132 square feet is currently listed for 700 eighty nine thousand dollars and has an average list price per square foot 252 dollars per square for currently there are six pending listings and cost Oaks these listings average four bedrooms or bats 3,000 612 square feet with an average list price 920 1,133 dollars an average list price per square but 254 dollars per square foot the average days on market for these pending listings is 26 days currently there are have been for sold listing since January 1st at this year to February 18 these average these are sold listings average three bedrooms or bass 3,340 times square feet and having to average list price 824 thousand 800 dollars the average list price per square foot is 248 dollars at 95 cents the average list price in this our apps are so low prices been 826 1500 so actually in this particular situation the average sold price is higher than the average list price so to the houses are coming in at a 101 percent of I ratio between so price in this price so the average sold price per square foot which is the most important indicator a value is 249 dollars a square for now this is interesting because this is very consistent with the pending I’m but and actually it’s actually consistent with the contention as well so contingent pending and the sold price per square foot a relatively the same however the active price per square foot is ringing in at the average active is 300 and four dollars a square foot so there’s a significant difference between the price per square foot for any active listings and for the contention ending and so listing so what does that tell us what that tells us the active listings are priced higher than what’s been selling and what is currently in the pipeline to sell so the prices are getting pushed up per square foot a little bit now these these house still have to close so just because the active price per square foot is years you know forty seven dollars forty eight dollars higher than the average sold price it doesn’t necessarily mean that they’re actually going to sell for that it just means that when they’re currently being marketed for so now some people in these reports like to know what the current hi dollar houses are for active and sold listings so I can give you an idea of what the current height listing is and what the current so listing as so currently in the cost Oaks the highest misting is 7349 court a Antonio Court that is a four-bedroom forbade 4,000 178 square foot home currently listed in a range listing %uh 1.5 to 1.6 $9.9 million it’s been on the market for a 108 day so it’s been sitting there for quite a while and it hasn’t they have reduced or increased their prices been it’s been studying the entire time so as far as the sole listing as concern the highest sold listing that has occurred since January 1st this year to February 18 was 3415 3415 court a ASEAN I’ll which is a four bedroom four bath 3400 any nine square foot home that was listed for 900 89,000 and sold for 946 thousand on February 11 tough this year it was on the market for 16 days so it’s all pretty quick but it also sold for a lot less than what they must it for so again my name is Michael Gaddis this has been your February 2014 real estate market update report for Rancho Korea up if you have any questions or would like to stay speak to me further are you can’t make a call me at my office 760 692 5950 you may visit my website at www.MichaelGaddis.com you may also I come by my office which is just around the corner I from low-cost Oaks I is located at my house located at 6104 Innovation way in the towers oppressing ranch just of Palomar Airport Road and out remember my name is Michael Gaddis I’m a lawyer a real estate broker and mortgage broker I give you more but it doesn’t cost you more.