Real Estate Report presented by Ruth Mills

July 2018 Report

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

Median Price
Average Price
No. Sold
Pending Properties
Sale/List Price Ratio
Days on Market
Days of Inventory

Market Barometer

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Market Commentary

Another Month, Another High

The median sales price for single-family, re-sale homes in San Diego County set a new high for the fourth month in a row, reaching $649,700 in June. It was up 6.5% year-over-year.

The average sales price gained 4.2% over last June.

The median sales price for re-sale condominiums was up 2.4% year-over-year, while the average price gained 9.6%. Both prices were down from the highs set in April.

That’s seventy-three months in a row the median price for both homes and condos has been higher than the year before.

Home sales, meanwhile, were down 14.5% from last June. Condo sales were down 9.2%, year-over-year.

Year-to-date, home sales are off –11.6%, and condos are down –7.5%.

Homes continue to sell quickly, taking only thirty days from coming onto the market to when they go under contract. The average since January 2001 is fifty-seven days. Condos are selling in twenty-seven days, the average is fifty-five days.

The sales price to listing price ratio continues to tease the 100% level: 98.9%. The ratio for condos is 99.1%.

Inventory continues to be abysmal. It is just under one-half the average since 2001. As of the 10th of July, there were 4,198 homes for sale. We average 8,515!

Condo inventory is at 1,615 units for sale. The average is 9,603.

This is reflected in our Days of Inventory statistic which is fifty-six for homes. The average is one-hundred and forty-four.

There are forty-two Days of Inventory for condos. The average is one-hundred and thirty-two.

If you would like to know what’s going on in your neighborhood, visit my on-line report and click on Recent Sales & Listings. That will tell you what is for sale and what has sold.

Prices & Sales

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Days of Inventory

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Sales to Date

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Sales Price Ratio

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