San Diego Real Estate Market Conditions â€“ The San Diego MLS is filled with short sales and foreclosures and out of the two the short sales stay on the market a very long time making it look like the San Diego Market is saturated with homes for sale but the reality is there is very little to actually write offers on. The conventional listings as well as REOâ€™s sell fast when in good condition and priced correctly. Multiple offers on many of the lower end price ranges of San Diego homes and condos.
Buyers are actually getting discouraged with the lack of inventory in the San Diego Market. I have personally seen over 50 offers on a single property for sale that was priced correctly. This is not uncommon. Also keep in mind if youâ€™re a buyer that 49 out of the 50 offers wonâ€™t get accepted. This is causing many buyers to be disillusioned by the market and home buying and has them second guessing any agent that they hire. The upper end still has room to drop and should be looked at with caution. Use a good Realtor like me to help you with all of your Real Estate needs in San Diego.
June 2009 Sales and Median Prices
Central San Diego Existing Home Sales â€“ 565 Median Price $365,000 Down in value -10% from last year. Existing Condo Sales â€“ 475 Median Condo Price $263,000 Down in value -10% from last year.
East County Existing Home Sales â€“ 340 Median Price $295,000 Down in value -15% from last year. Existing Condo Sales â€“ 139 Median Condo Price $131,000 Down in value -22% from last year.
North County Inland Existing Home Sales â€“ 629 Median Price $364,000 Down in value -13% from last year. Existing Condo Sales â€“ 189 Median Condo Price $216,000 Down in value -15% from last year.
North County Coastal Existing Home Sales â€“ 386 Median Price $455,000 Down in value -17% from last year. Existing Condo Sales â€“ 128 Median Condo Price $323,000 Down in value -23% from last year.
South County Existing Home Sales â€“ 376 Median Price $320,000 Down in value -15% from last year. Existing Condo Sales â€“ 169 Median Condo Price $151,000 Down in value -28% from last year.
When you need help with San Diego Real Estate please call me and my team.
Of those sold homes, the high list price came in at 3,450,000 while the actual sold price was 3,300,000. Fortunately, the sale price to list price (SP/LP) was 111%. But, it came at a price of 354 days on the market.
Of those 202 sold homes, the low list price came in a 235,000 while the actual sold price was 170,000. The SP/LP was 72%. Not very good, but if you were in a rush to sell, the days on the market were 0.
The average homes sold in the past for months in Carmel Valley was $778,446. The actual sold price was $741,563 with a SP/LP of 95%. Not bad! These homes stayed on the market for approximately 58 days.
These statistics were provided by the Sandicor's MLS and were based on SOLD homes between 4/3/2009 and 8/3/2009 in Carmel Valley (92130).
Check out this blogpost, which features a link to a Zipcode chart compiled by DataQuick. It shows you how different zips are stacking up. Hope this is helpful!
Christine Van Tuyl
Prudential California Realty
Leading Edge Award Winner
101 Orange Avenue
Coronado, CA 92118
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