Mira Mesa Caravan

Today was the first time I went to the Mira Mesa Caravan.  If you don't know what that is, well the Mira Mesa Caravan is where Realtors pitch their listings in Mira Mesa to other Realtors.  And after the pitch session, we go and look at the homes that was pitched.   This can also be called Broker Caravan.  Anyways, I wanted to see how other Realtors were doing in this market in Mira Mesa.  And it was exactly what I expected.  These great Realtors were having trouble getting their Buyers a home.  Homes are selling fast with multiple offers.  Also a Realtor brought up a great statistic during the caravan.  She pulled up every detached home for sale under $400,000 and about a third of those homes for sale were Short Sales with Accepted…

Mira Mesa Real Estate Update

The Mira Mesa Real Estate Market is HOT!  Most of the offers I have been writing for my buyers have already multiple offers on the table.  And not only that, these houses been on the market for a short period of time.  So I took a look at the total number of Detached homes Active for sale in Mira Mesa today and it shows 147.  Then I looked at how many were Pending and it shows 89.  Now I compared it to my blog on Mira Mesa Real Estate on December 29, 2007.  Back then they had 185 Active homes for sale and only 39 homes Pending.  That means there are 21% less homes for sale and 228% increase on homes Pending.  Not only that, there were less Foreclosures for sale back then so even the increase of Foreclosures, there is still…

I'm back.  I have been so busy that I haven't had the time to give you an update in Mira Mesa.  Well here it is.  There's seem to be a rise in foreclosures in Mira Mesa.  In fact, at my office we have about 8 bank owned/foreclosure listings!  So here you go with some great statistics on Mira Mesa Real Estate

As of December 29, 2007:

For Detached Homes

# of Detached homes FOR SALE:  185
Average asking price:  $470,024
Average Square footage of the home: 1,534
Average # of Bedrooms: 3
Average Days on the market: 99

# of Detached homes PENDING:  39
Average asking price:  $448,954
Average Square footage of the home: 1,473
Average # of Bedrooms: 3
Average Days on the market: 80

# of Detached homes SOLD in the last 6 Months:  144
Average…

Here is an update on Mira Mesa's real estate market.  Right now the Mira Mesa market has plenty of Short Sales and Foreclosures for sale.  But what I noticed is that the homes that are well maintained are selling faster than the homes that are about $25,000 less that needs work to be done.  So take a look at these statistics and let me know if you have any questions.

As of November 26, 2007:

For Detached Homes

# of Detached homes FOR SALE:  192
Average asking price:  $485,341
Average Square footage of the home: 1,553
Average # of Bedrooms: 3
Average Days on the market: 100

# of Detached homes PENDING:  38
Average asking price:  $466,560
Average Square footage of the home: 1,606
Average # of Bedrooms: 3
Average Days on the market: 74
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Mira Mesa is probably the best bang for your buck community in San Diego.  You can buy a single family under $450,000 or even a condo under $200,000.  So what about the location you ask...well you are only about 15-20 minutes drive (depending on traffic) to the beaches, downtown, Petco Park, Qualcomm Stadium, San Diego Zoo, Balboa Park and Sea World.  Not only that, the Mira Mesa neighborhood has great restaurants, parks, shopping and convenience stores.  As for schools, Mira Mesa is part of the San Diego school district and about a 15 minute drive to UCSD and a 20 minute drive to SDSU (depending on traffic).

Now lets talk about Mira Mesa real estate.  As of today, there are currently 347 resale properties for sale in Mira Mesa.  207 are Detached… Read Full Post