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92612 Striking Market Update

92612 Striking Market Update

92612 Striking Market Update

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85719 Market Update

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0:00 12:37
Parnaz Nasibi Zillow Review
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January 31, 2025
92612 Real Estate Insights
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February 21, 2025
15 Critical Questions Every Buyer Must Ask
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January 31, 2025

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Your home is in a favorable seller's market, with homes being highly sought after in 92612. The typical price is $1.65M, with newer listings closer to $1.48M. Properties here are valuable, selling for around $929 per square foot.

The Story

The Update

The 92612 market is quite healthy with an average list price of $1,336,267 and properties selling at about $842 per square foot. With 44 active listings, buyers have choices without overwhelming competition.

We're seeing fascinating price point distribution - from entry-level condos at $650,000 (like 3242 Watermarke PL) all the way to luxury properties at $3,425,000 (8154 Scholarship), with a significant concentration in the $900K-$1.4M range.

Looking at property type performance, condos represent approximately 70% of all listings. Single Family Residences have the highest average price per square foot, while townhomes are showing faster average days on market than condos.

Square footage patterns are interesting too. The average size of active listings is 1,579 sq ft, with a median size of 1,474 sq ft. The most common configuration is 2 bed/2 bath, representing approximately 45% of all listings.

While average days on market is 89 days, well-priced homes are moving much faster. There's a clear timing pattern - properties listed in November-December 2024 show longer DOM, while January listings are showing 30% faster activity. We're seeing definite seasonal patterns in the closed sales data.

Location-based price variations are significant. Scholarship Drive properties command a 15-20% premium. Watermarke PL units show consistent pricing around $650-750/sq ft, while Martin units display tight price clustering between $679K-$890K. Properties near UCI and the business district are showing 5% faster turnover rates.

Market movement indicators are positive - 11 properties went from Active to Pending in January alone, with 10 closed sales. Recent sales are achieving 95-98% of list prices when priced correctly from the start.
Financing impact is also notable. Properties marked as standard sales (STD) are moving faster than trust sales. NOD (Notice of Default) listings are showing significant price adjustments. The $1M-2M range is showing the strongest conventional loan activity.

We're seeing 10-15% premiums for updated properties. Strategic renovations are key - kitchen and bathroom refreshes yield the best ROI.
The $900K-$1.5M range sees the most activity and quickest sales, though luxury properties above $2M still attract qualified buyers - they just typically take longer to sell.

My advice for potential sellers: consult with an agent who knows the micro-markets in 92612. Strategy matters - pricing, presentation, and promotion must work together for the strongest returns.
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Parnaz Nasibi
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