21 Oct Hillcrest Real Estate
Hillcrest is filled with tree-lined streets to shops, boutiques, bookstores, antique shops, galleries and more. Also there are tons of elegant restaurants and sidewalk cafés on every street. You can find ethnic specialties, coffee and late-night snacks. Hillcrest is known for its tolerance, youthfulness, alternative culture, diversity of age and income, as well as locally-owned businesses. Because of Hillcrest's grid street pattern pedestrian activity is high relative to the rest of San Diego. Hillcrest is the residential and commercial hub of San Diego's alternative lifestyle. Since Hillcrest is nearby Balboa Park, it provides recreational and cultural opportunities to Hillcrest residents, as does its proximity to downtown with its bay front promenade, convention center and nightlife in the Gaslamp Quarter.
This is a discussion on the sales prices for condos and town homes sold recently as compared to last year. In the past 90 days, there have been 44 condos and townhomes that have sold and closed escrow in Hillcrest, CA. These condos and townhomes range in prices from a low of $189,045 for a 1 bedroom, 1 bath, and 524 square foot condo on 3950 Cleveland Ave. #107. With a high price of $1,065,000 for a 2 bedroom, 3 baths, and 2012 square foot condo on 3060 6th Ave. #5. The average sold price is $425,144, the average price per square foot is $373 and the average days on market are 67 days. Sales price compared to list price is 96%. During that time period, 3 homes were sold. The average sales price was 931,667 and the average time in the market was 14 days.
During this same 90 day period last year, there were 32 condos and townhomes that sold and closed escrow in Hillcrest, California. These condos and townhomes ranged in price from $ 183,000-806,000 for a 1 bedroom, 1 bath, and 524 square foot condo on 3950 Cleveland Ave. #203. Up to the high price of $865,000 for a 2 bedroom, 2 baths, 1374 square foot condo on 475 Redwood ST #507. The average price of these sold condos and townhomes one year ago was $425,003 and the average price per square foot was $438. Also, the average days on the market were 61 days. Comparing these figures to the current market are the following; the average price is stable and the average price per square foot decreased by 15%. Comparison on the number of sales increased 27%. Sales price compared to list price is 94%.
The prices are stable compared to the rest of the market, high inventory and increase in foreclosures, which is a good deal for buyers. The increase in sales activity shows a higher demand for condos and townhouses in Hillcrest, CA. The total picture shows signs of good stability for Hillcrest, because of the high demand. Due to the low interest rates and low prices there has been a lot of activity including multiple offers on properties, especially bank owned.
If you would like to view all homes, condos or bank owned foreclosures (REO) short sales, listed for sale, please visit our website at: County Properties Real Estate