North Park has its name, because it is north of Balboa Park. It is a suburban neighborhood that has its architectural design from the 1930s. Residents take pride in accenting homes with flower gardens, trees, and what they call pure TLC. Most North Park homes sit on tree lined streets with cull de sacs facing wondrous canyons. Neighborhoods are friendly with quaint local coffee shops and mom-and-pop businesses. University Avenue, is always sprouting up new businesses and shopping along the street. North Park even has a new recreation center with a baseball field and the North Park Theatre. One of California’s oldest parades, the Toyland Parade, is present through every December. North Park is also close by to many locations including: Downtown with hundreds of restaurants, Horton Plaza, the new baseball park; Balboa Park which includes museums, a stage theatre, and the famous San Diego Zoo. Also, Old Town isn’t too far off; Old Town captures the first settlement of Mexican tradition and wonderful food; Hillcrest with unique shops, restaurants, eclectic streets, and an upbeat feel.
This is a discussion on the sales prices of homes sold recently as compared to last year. In the past 90 days, there have been 55 homes that have sold and closed escrow in North Park, CA. These homes range in prices from a low of $80,000 for 2 bedroom 1 bath, and 784 square foot home on Wabash. With a high price of $788,000 for a 3 bedroom, 2 baths, and 2,000 square foot home on San Marcos. The average sold price is $323,649 the average price per square foot is $294.71 and the average days on market are 66 days. Sales price compared to list price is 98%.
During this same 90 day period last year, there were 93 homes that sold and closed escrow in North Park, CA. These homes range in price from a low of $70,000 for a 1 bedroom, 1 bath, and 378 square foot home on Alabama St. Up to the high price of $790,000 for a 4 bedroom, 4 baths, 3,414 square foot home on Pentuckett Ave. The average price of these sold homes one year ago was $345,792 and the average price per square foot was $335.01. Also, the average days on the market were 65 days. Sales price compared to list price is 94%.
Comparing these figures to the current market are the following; the average price decreased by 6% and the average price per square foot decrease by 13%. Comparison on the number of sales decreased by 40%.
The prices have moderately decreased, compared to the rest of the market, high inventory and increase in foreclosures. The activity shows signs of stability.
If you would like to get loan information from recommended bank's, or get started and view all homes, condos, investment properties, pre-foreclosures or bank owned foreclosures (REO's), please visit our website at:County Properties San Diego or County Properties Riverside
