The Scripps Ranch market broke below its 12-month average sales volume this week as sales fell 11.9% to hit 37 homes sold over the last 30 days. Within the same time frame, the Rancho Penasquitos neighborhood had 93 sales, the most of all neighborhoods in the area. Potential buyers should note that prices are coming down in Scripps Ranch, and for this period the median sales price slid from $640,750 to $595,000. With only two months of inventory to sell, Scripps Ranch is a strong seller's market, in spite of the dip in sales.
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