Rancho Penasquitos is a quiet, well-maintained suburban community encompassing nearly 10,000 acres of mesas and rolling hills within the city of San Diego. Home to approximately 55,000 people, this planned community is primarily residential, though many new mini-malls are scattered among the neighborhoods.
The community's full name, Rancho de los Penasquitos, is Spanish for "land of the little hills" or "cliffs" and refers to the rugged palisades that line the rim of Los Penasquitos Canyon. Thanks to the hilly terrain, each neighborhood is distinct from the next, providing a feeling of privacy and peace. Though located within San Diego city limits, the community feels far removed from the excitement and chaos of the nation's sixth largest city.
Many young families choose to move to this community, as it is considered one of the best places for families with kids to live. The local schools are part of the Poway Unified School District -- one of the highest scoring districts in San Diego County -- and offer plenty of sports and activities programs for kids. Children's activities are well supported in Rancho Penasquitos. The community boasts a sizeable Little League (once the largest in the United States) and there is always something going on for the kids at the YMCA. The public library sponsors cultural events and several neighborhood parks provide recreational opportunities. The community also hosts many special events each year, from cultural festivals to golf tournaments.
Rancho Peñasquitos Real Estate Market: Price Range of Rancho Peñasquitos Houses
Most homes in Rancho Penasquitos were built in the 1960s and 1970s, although beautiful new custom stucco homes are always being built around the town. Condominiums and townhouses round out the city's real estate offerings with prices ranging from the low $200,000s to $440,000. Single-family detached homes in Rancho Penasquitos start around $400,000 to upwards of $925,000 depending on size and location.
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Rancho Penasquitos Real Estate Stats and Trends for the week of March 10th, 2014: homes priced around $621,380 compared to $615,760 the previous week, for a slight increase of less than +1%. For Tuesday, March 11th, the current national mortgage rate for a 30 year fixed mortgage is 4.36%; the 15 year fixed rate is at 3.38%. For a loan larger than conventional conforming loans, or 'jumbo' loan, the 30 year rate is 4.43%, while the 15 year jumbo rate currently is at 3.77%. You can calculate your mortgage rate with our mortgage calculators. Get local info and homes for sale in Rancho Penasquitos CA. View active real estate listings for different types of properties including new homes, houses for sale, foreclosures, short sales, and price reduced listings. Find information and property resources including prices of recently sold homes, neighborhood information, crime stats, home values, and schools in Rancho Penasquitos to help you find the best home!