Real Estate Report presented by Neal Hribar

August 2020 Report

Single Family Homes in Central San Diego, All Cities, All Neighborhoods Change >


Median Price
$800,000
+1.6%
Average Price
$1,143,550
-5.7%
No. Sold
483
+4.5%
Pending Properties
684
+7.9%
Active
533
-9.8%
Sale/List Price Ratio
99.7%
+0.6%
Days on Market
29
-10.3%
Days of Inventory
33
-13.7%

Market Barometer

Enlarge >
Loading...

Market Commentary

Sales Prices Set New Highs, Again

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.

Prices & Sales

Enlarge >
Loading...

Days of Inventory

Enlarge >
Loading...

Sales to Date

Enlarge >
Loading...

Sales Price Ratio

Enlarge >
Loading...