Santee Real Estate Sales Prices Up 21% Compared to Last Year

Written By Nikki Coppa

Santee remains at a 21 percent combined sale price gain over 2012 year to date (YTD). This exceeds the 20 percent average increase in both East County and San Diego County as a whole. The highest sale reported YTD in Santee remains at $879,000.

As we approach the end of the year inventory levels have been decreasing throughout the county. However, the combined inventory level in Santee remains at a 63 day supply. Distressed sales continue to diminish throughout the county. The current inventory mix in Santee is comprised of no foreclosures, 7 percent short sales and 93 percent in equity sales.

Throughout 2013 Santee has recorded one of the most dire inventory shortages in the county, rarely posting more than a 21 day supply. Savvy buyers should take note that the current level is triple that. This translates to better selection, less competition with other buyers and very motivated sellers.

By Nikki Coppa, Realtor® • DRE Lic # 01266573 • (619) 274-1426

Statistics compiled Nov-13 using Sandicor data. Information deemed reliable but not guaranteed.