August 2020 Report
Single Family Homes in Central San Diego, All Cities, All Neighborhoods Change >
Average Price$1,143,550
-5.7%
Pending Properties684
+7.9%
Sale/List Price Ratio99.7%
+0.6%
Days of Inventory33
-13.7%
Trends at a Glance
| Trends At a Glance |
Aug 2020 |
Previous Month |
Year-over-Year |
| Median Price |
$800,000 (+1.6%) |
$787,500 |
$700,000 (+14.3%) |
| Average Price |
$1,143,550 (-5.7%) |
$1,212,800 |
$1,088,030 (+5.1%) |
| No. of Sales |
483 (+4.5%) |
462 |
466 (+3.6%) |
| Pending |
684 (+7.9%) |
634 |
449 (+52.3%) |
| Active |
533 (-9.8%) |
591 |
532 (+0.2%) |
| Sale vs. List Price |
99.7% (+0.6%) |
99.1% |
98.4% (+1.3%) |
| Days on Market |
29 (-10.3%) |
32 |
34 (-16.2%) |
| Days of Inventory |
33 (-13.7%) |
38 |
34 (-3.3%) |
Market Commentary
The average sales price for single-family, re-sale homes rose 13% year-over-year to set a new record high for the second month in a row.
The median sales price for single-family, re-sale homes set a new record high for the third month in a row, rising 13.2% year-over-year. That is the eleventh month in a row the median sales price has been higher than the year before.
Sales of single-family, re-sale homes in San Diego County were up 5.5% year-over-year.
Inventory fell 22% year-over-year. As of the 10th of September, there were 2,163 homes for sale, compared to an average of 7,739.
Days of Inventory now stands at twenty-seven. The average is 131.
Days on Market, or how long it took from when a home was listed for sale to when it went into escrow, was thirty-one last month. The average since January 2001 is fifty-seven days.
The sales price to list price ratio was 99.9%. 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 8.9% year-over-year. It also set a new record high for the third month in a row.
The average sales price for condos also set a new high last month. It was up 7.4% from last August.
The sales price to list price ratio for condos was 99.6% last month.
Condo sales were up 7.6% over last August.
Condos are selling in thirty days, the average is fifty-five days.
Inventory was up for the twentieth month in a row. It rose 16.4% year-over-year. As of the 10th of September, there were 1,420 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.