January 2020 Report
Single Family Homes in Central San Diego, All Cities, All Neighborhoods Change >
Average Price$997,910
+1.8%
Pending Properties401
-14.1%
Sale/List Price Ratio98.3%
-0.3%
Trends at a Glance
| Trends At a Glance |
Dec 2019 |
Previous Month |
Year-over-Year |
| Median Price |
$725,000 (+1.4%) |
$715,000 |
$635,500 (+14.1%) |
| Average Price |
$997,910 (+1.8%) |
$980,131 |
$888,733 (+12.3%) |
| No. of Sales |
367 (-5.7%) |
389 |
340 (+7.9%) |
| Pending |
401 (-14.1%) |
467 |
272 (+47.4%) |
| Active |
477 (-3.6%) |
495 |
378 (+26.2%) |
| Sale vs. List Price |
98.3% (-0.3%) |
98.6% |
97.9% (+0.4%) |
| Days on Market |
34 (+3.1%) |
33 |
42 (-18.1%) |
| Days of Inventory |
39 (+5.7%) |
37 |
33 (+16.9%) |
Market Commentary
The median sales price for single-family, re-sale homes rose 5.5 year-over-year. That is the fourth month in a row the median sales price has been higher than the year before.
The average sales price was up 4.8% from last December.
Home sales were up for the sixth month in a row, rising 24.1% year-over-year. For the year, home sales are up 4.9%.
Inventory was down for the seventh month in a row. It dropped 32.5% year-over-year. As of the 10th of January, there were 2,236 homes for sale.
Days of Inventory now stands at thirty-eight. The average is 133.
Days on Market, or how long it took from when a home was listed for sale to when it went into escrow, was forty-one last month. The average since January 2001 is fifty-seven days.
The sales price to list price ratio was 98.5%. The National Association of REALTORS® considers a ratio of 95% to indicate a balanced market.
The median sales price for re-sale condos was up 1.6% from November. It was up 6% year-over-year.
The average sales price was down 2.6% from November, but, it was up 3.7% from last December.
The sales price to list price ratio for condos was 98.9% last month.
Condo sales jumped 54.5% over last December.
Condos are selling in thirty-nine days, the average is fifty-five days.
Inventory was down for the seventh month in a row. It dropped 22.8% year-over-year. As of the 10th of December, there were 1,139 condos for sale.
Days of Inventory now stands at thirty-six. The average is 123.
If you would like to know what’s going on in your neighborhood, click on Recent Sales & Listings. That will tell you what is for sale and what has sold.