Meadows Blog

This BLOG is designed to pass information to residents of Hidden Meadows in a more timely fashion than our monthly newspaper. The opinions are those of the author(s).

Name: Allen Hemphill
Location: Escondido (Hidden Meadows), California, US

Graduate, U.S. Naval Academy at Annapolis, Real Estate Broker 27 years, former CEO KBSC-TV in Los Angeles, Chairman, Oak Broadcasting System, Core Adjunct Prof. of Computer Science for 14 years

Sunday, March 27, 2005

Current Real Estate Market

The real estate market in the Meadows is poised for its Spring movement. We have 27 homes for sale and the average asking price is $895,319, the average size is 3,795 square feet, and the average dollar per square foot figure is $273.

The lowest listed home is $485,000, and 9 of the 27 homes that are listed are at or above $1 million dollars.

The most recent Meadows market perspective is this: Many homes that have recently gone into Pending have subsequently fallen out of escrow because of a failure to attain loans. People are willing to pay prices for homes for which either they, or the home is not qualified according to the Lenders.

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