I like statistics

I like statistics. By analyzing them I can get an idea, an overview if you will, of whatever it is that I'm trying to understand. Then I can internalize them and form a conclusion that I'm comfortable with.

So, today I looked at some statistics on the real estate market in Valley Center and thought I would share them with you. These are troubling times in real estate, but there are opportunities available, and that's what I found in the statistics.


There are currently 182 single family detached homes for sale in the 92082 zip code. The averages are as follows: 4 bedrooms and 3 baths, 2,882 square feet, an average list price of $652,000, 78 days on the market and average listing price per foot of $232.

There have been 78 properties sold in the 92082 zip code in the last 6 months. Yes, properties are selling! Again, the averages are as follows: 3 bedrooms and 3 baths, 2,282 square feet, an average sales price of $493,900, 59 days on the market with a $207 average selling price per foot. It's important to note that 56 of the 78 properties, or 72%, were listed under $600,000 and there was only 1 sale over 1 million.

So, what does all this mean? It means a couple of things to me. 1. Properties are selling and buyers are buying in spite of the media-hype. There were 6 closed sales in September, 2008. 2. The property you are trying to sell has to be priced in line with the comparable sales, not the comparable listings. 3. The marketing time to sell your home is not years, it's months when priced correctly. And, lastly, if you are in the market to buy, the opportunities are phenomenal.

Please contact me to help you make sense of the statistics and apply them to your situation. It is always my pleasure to serve your real estate needs.