Rancho Carrillo Real Estate Market Data
For February 2014
Rancho Carrillo Real Estate Market Update Video Transcript
**Video auto-transcribed by YouTube so please excuse any inconsistencies.
Hi I’m Michael Gaddis, your Rancho Carrillo real estate expert. oday I’d like to talk to you a little bit about the current state the real state market in Rancho Carrillo this is your February 2014 real state market day many of you have probably seen my associate well in your neighborhood passing out different types a information for you please feel free to see a millionaire had to say hello is very nice people died so as far as the ER real state market is concerned there are currently four active listings in Rancho Carrillo I the active listings average four bedrooms three baths 3,128 square feet have an average list price 866 thousand eight hundred and fifty dollars with an average list price per square foot 276 dollars the average days on market for these listings is 28 days there is currently 1 contingent listing and Rancho Correa this listing has five bedrooms for Basque 3,560 a square feet and is currently listed at 689 thousand dollars it has an average list price per square foot a hundred ninety three dollars and the average days on market for this listing is 270 days now I know right about now you guys are actually paying attention to the data I’m telling you you’re probably a mouse probably drop to the floor because you realize that that price per square foot 193 dollars is fairly low specially for Rancho Carrillo real estate it’s also very low compared to the current active listing I don’t want anybody to panic about that 193 dollars less price per square foot for the kitchen listings because contingent listings typically prefer too short sales continuously trip are some sort of approval heater core our lender approval and typically refer as I mentioned to short sales short sales well you should the price per square foot for short sales usually significantly lower than what the other price per square foot to the other categories that I talk to you about the reason is that typically up rail stations are just trying to get offers and as much as fast as they can maybe because are facing foreclosure for whatever reason they might feels necessary so the list price per square foot and continued listings does not necessarily indicate what the lender will actually improve the house for so just because it’s listed at 689 doesn’t necessarily mean the lenders can agree to it so don’t panic by that number the real number we need to look at will come later when we talk about us and its oldest categories so currently there are or pending listings in Rancho Carrillo the solds average four bedrooms for bass 3600 93 square feet have a look average list price of one million 164,000 475 dollars with an average list price per square foot a three hundred and ten dollars now you get excited by that number is that number is significantly higher than the indigenous price per square foot 193 dollars and pending listings tend to be a little bit better indicator of whether true value is because they are pending they’re currently and as for a now the ultimate indicator comes in the next column now since January 1st this year there’s been one home sold in Rancho 30 and when I’m referring to did to us all Ironbridge detached homes all the data that I’m talking to you about today are detached they’re not town homes are not condos are not anything like that they’re just strictly detached homes so since January first in this year I there has been one saw listing is better said listing was for bedrooms to bass 2,106 square feet at list prices 680,000 it sold for 665,000 with an average sold price per square foot three hundred and fifteen dollars so it was on the market for just six days so this whole preparation between salt priceless prices ninety-seven percent so it’s pretty spot-on and the average sold price per square foot 3 15 which is very close to what the pending listings are so that is good between ending listings in the so listings is a and more accurate selection of what you know it you’re a home is probably worth on our price: purse for but basis so you know people typically want to know what the highest homes that are currently selling for in your neighborhood in which the highest wants all so I will quickly go through that the didn’t hurt the highest price currently listed in Rancho Carrillo is 2817 curry away it’s a four bedroom by battle 3,750 and square feet and is currently listed at a million 9900 so just a smudge under 1.1 I’m it’s been on the market for one day so it was just listed yesterday and as far as the sole listing is concerned remember I told you there was only one I enacting a property a 63-49 for sale espada that is a four bedroom two bath home with 2,106 where feet it was listed for 680,000 it’s all per 665,000 on January 31st so again my name is Michael Gaddis I’m a real estate broker a mortgage broker and an attorney I if you would like to speak to me you if you have any questions or want to speak to me I you can I have call me at area code 760 619 5950 760 692 5950 are you can visit my website at www.MichaelGaddis.com or you can stop by my office which is just around the corner from Rancho Carrillo at 6104 innovation way which is in the towers of Bressi Ranch off Palomar Airport Road are you going to start my associate as I mentioned we’ll just say alone and because he’s a very nice guy spent a lot of time in your area so please feel free to talk to and perhaps bring in your groceries are wash a car I don’t care and a I other than that again, I am Michael Gaddis an attorney, a mortgage broker and real estate broker and as always I give you more but, I don’t cost you more.