Santee, CA is located in eastern San Diego County and is the eleventh largest of San Diego County's 18 cities. Santee is one of the few cities in the county with space to grow. Santee is nestled between rolling hills and located near several refreshing lakes. Also, Santee offers the comfortable convenience of urban living with the serenity and safety of the country. The Santee School District and the Grossmont Union High School District are among the best schools, having earned several local, state, and national awards for academic excellence. The schools also have outstanding extracurricular activities for sports and fine arts. Finally, in addition to all of that San Diego State University, University of California at San Diego and University of San Diego are close by.
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 49 homes that have sold and closed escrow in Santee, CA. These homes range in prices from a low of $200,100 for a 3 bedroom, 2 bath, and 1,092 square foot home on Cambury. With a high price of $698,000 for a 5 bedroom, 5 baths, and 4,386 square foot home on Mariposa St. The average sold price is $379,394 the average price per square foot is $223.65 and the average days on market are 72 days. Sales price compared to list price is 97%.
During this same 90 day period last year, there were 68 homes that sold and closed escrow in Santee, CA. These homes range in price from a low of $250,000 for a 3 bedroom, 2 bath, and 1,017 square foot home on Halberns Blvd. Up to the high price of $780,000 for a 5 bedroom, 4 baths, 3,095 square foot home on Diamondback Dr. The average price of these sold homes one year ago was $416,553 and the average price per square foot was $260.80. Also, the average days on the market were 60 days. Sales price compared to list price is 95%.
Comparing these figures to the current market are the following; the average price decreased by 9% and the average price per square foot decreased by 14%. Comparison on the number of sales decreased by 27%.
The prices have decreased moderately, compared to the rest of the market, high inventory and increase in foreclosures. The decrease in sales activity shows demand decreased probably due to the news on Wall Street. Prices are starting to stablize for homes in Santee, CA. Due to the low interest rates for the Santee 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
