April 2020 Report
Single Family Homes in Central San Diego, All Cities, All Neighborhoods Change >
Average Price$1,032,440
-14.6%
Pending Properties434
-11.4%
Sale/List Price Ratio99.5%
-0.3%
Days of Inventory55
+32.9%
Trends at a Glance
| Trends At a Glance |
Apr 2020 |
Previous Month |
Year-over-Year |
| Median Price |
$742,100 (-6.4%) |
$793,000 |
$705,000 (+5.3%) |
| Average Price |
$1,032,440 (-14.6%) |
$1,209,100 |
$975,919 (+5.8%) |
| No. of Sales |
302 (-21.6%) |
385 |
487 (-38.0%) |
| Pending |
434 (-11.4%) |
490 |
498 (-12.9%) |
| Active |
576 (+7.9%) |
534 |
475 (+21.3%) |
| Sale vs. List Price |
99.5% (-0.3%) |
99.8% |
98.5% (+1.0%) |
| Days on Market |
23 (-25.2%) |
30 |
34 (-34.3%) |
| Days of Inventory |
55 (+32.9%) |
42 |
28 (+95.5%) |
Market Commentary
Sales of single-family, re-sale homes in San Diego County tanked in April. They dropped 31.2% year-over-year.
The average sales price for single-family, re-sale homes dropped from the high set in March. It was up 2.7% year-over-year.
The median sales price for single-family, re-sale homes maintained the high set in March of $670,000. It was up 4.7% year-over-year. That is the seventh month in a row the median sales price has been higher than the year before.
Inventory was flat year-over-year. As of the 10th of May, there were 2,614 homes for sale, compared to an average of 7,739.
Days of Inventory now stands at fifty-two. 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 twenty-eight last month. The average since January 2001 is fifty-seven days.
The sales price to list price ratio was 99.4%. 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 3.8% year-over-year.
The average sales price for condos was up 5% from last April.
The sales price to list price ratio for condos was 99.6% last month.
Condo sales were down 34% over last April.
Condos are selling in twenty-six days, the average is fifty-five days.
Inventory was up for the sixteenth month in a row. It rose 32.9% year-over-year. As of the 10th of May, there were 1,479 condos for sale.
Days of Inventory now stands at sixty-three. 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.