Due to lower prices and historically low interest rates, neighborhood communities of San Diego such as La Mesa, have been experiencing a jump in the number of pending home sales. A pending home sale is when a buyer and seller mutually agree on a sales price and the property has been entered into escrow. La Mesa Real Estate has seen positive growth of the last 3-6 months.
The La Mesa MLS currently has 198 active listings, with an average price of $527,367 and an average market time of 87 days. There are currently 37 homes in escrow and under contract. The 37 homes currently in escrow should greatly increase the year end sales numbers for La Mesa Homes. For the month of October, as of 10/28, 1 home has closed escrow. A 2 bedroom, 1 bath home which sold for $399,900, this property was on the market for 76 days.
Scott Engle is your source for La Mesa Homes for Sale. Please feel free to visit our website to search the La Mesa MLS.
Scott Engle, BROKER/Owner
Realty Source, Inc
619-258-1000
scottengle1@aol.com
Tuesday, October 28, 2008
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