Rancho Bernardo is a hilly planned community of the city of San Diego, California, located in San Diego County. They have tons of entertainment including the Bernardo Concerts Association, RB Chorale, CA Center of The Arts, Lawrence Welk Resort Theatre and Poway Center for The Performing Arts. Some local attractions are The San Diego Wild Animal Park, Birch Aquarium and Balboa Park.
Rancho Bernardo has felt the tread of Indian, conquistador, mission padre, soldier, traveler, cattle rancher, and developer. The Rancho’s roots are deep in the beginning of our nation’s history from the conquistadors who stopped here, to the Battle of San Pasqual in 1846. This Battle was the climax of the struggle of the young United States of America, to bring California into the Union. Rancho Bernardo has felt the moccasin feet of the padres, from the Mission of San Diego and their converts, as they tended grapes and herded cattle in its rich valleys and fertile hills.
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 111 homes that have sold and closed escrow in Rancho Bernardo, CA. These homes range in prices from a low of $232,000 for a 1 bedroom, 1 bath, and 962 square foot home on Orilla Drive. With a high price of $2,200,000 for a 5 bedroom, 5 baths, and 6759 square foot home on Bernardo Trails Dr. The average sold price is $529,751 the average price per square foot is $281.11 and the average days on market are 59 days. Sales price compared to list price is 96%.
During this same 90 day period last year, there were 83 homes that sold and closed escrow in Rancho Bernardo, CA. These homes range in price from a low of $280,000 for a 2 bedroom, 1 bath, and 1,000 square foot home on Pastoral Rd. Up to the high price of $1,900,000 for a 4 bedroom, 3 baths, 4361 square foot home on Greens East Rd. The average price of these sold homes one year ago was $610,448 and the average price per square foot was $308.71. Also, the average days on the market were 53 days. Sales price compared to list price is 95%.
Comparing these figures to the current market are the following; the average price decreased by 13% and the average price per square foot decreased by 8%. Comparison on the number of sales increased 10%.
The prices have decreased but the number of sales has increased, compared to the rest of the market, high inventory and increase in foreclosures. This is sign of increasing demand for homes in Rancho Bernardo, CA. Due to the low interest rates for the Rancho Bernardo area 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 San Diego or County Properties Riverside
