When you enter Lakeside you a peaceful, country feeling settles over you. Lakeside is a proud community with a rural atmosphere. It is located about 25 miles east of downtown San Diego and only minutes from the mountains and deserts. The sun shining constantly results in many outside activities on a year-round basis. Lakeside has four lakes and eight parks. Lindo Lake is the only natural lake in all of San Diego County. Furthermore, Lakeside is known for its annual Western Days Parade, Lakeside Rodeo, Maine Avenue Street Dance and Spirit of Christmas events. There are exceptional educational opportunities available at Lakesides seven elementary schools, two middle schools, and two high schools, along with several private schools. Finally, there are horse stables and horse properties available in the Lakeside area.
This is a discussion on the sales prices for homes sold recently as compared to last year. In the past 90 days, there have been 30 homes that have sold and closed escrow in Lakeside, CA. These homes range in prices from a low of $180,000 for a 2 bedroom, 1 bath, and 1156 square foot home on 10673 Oak Creek. With a high price of $521,000 for a 4 bedroom, 3 baths, and 2466 square foot home on 11650 Valley Vista Road in Lakeside. The average sold price is $328,919, the average price per square foot is $226 and the average days on market are 60 days.
During this same 90 day period last year, there 45 were homes that sold and closed escrow in Lakeside, California. These homes ranged in price from $285,000-639,900 for a 3 bedroom, 3 bath, and 1268 square foot home on 9619 Nectarine Drive. Up to the high price of $639,900 for a 3 bedroom, 2 baths, 1782 square foot home on 11984 Rocoso Road. The average price of these sold homes one year ago was $440,851 and the average price per square foot was $284. Also, the average days on the market were 69 days. Comparing these figures to the current market are the following; the average price has decreased by 26% and the average price per square foot decreased by 21%.
This is a drop in prices do to the correction in the market, high inventory and increase in foreclosures, which is a good deal for buyers. The sales decreased in active sales 34%. Even though the market decreased in prices, we are experiencing an unusual influx of investors and first time buyers. Do to the low interest rates and low prices there has been a lot of activity including multiple offers on properties, especially bank owned.
Below is one of the lowest priced bank-owned properties in Lakeside CA. You can get THREE homes for the price of one!
12248 Lakeshore Dr Lakeside, CALIFORNIA 92040 Price: $207,000
3 Homes On One Lot
Listing # 086024352 Foreclosure. Great investment opportunity.
3 units on large lot. Each unit has yard. Needs some TLC.
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
