Real Estate Report presented by Sandy Collins & Associates

June 2020 Report

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


Median Price
$741,000
+2.6%
Average Price
$1,092,400
+21.6%
No. Sold
408
+45.7%
Pending Properties
575
+6.5%
Active
573
-4.8%
Sale/List Price Ratio
98.9%
+0.3%
Days on Market
33
+30.4%
Days of Inventory
41
-36.9%

Market Barometer

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Market Commentary

Home Prices & Sales Surge in June

Sales of single-family, re-sale homes in San Diego County jumped 55.2% in June compared to May. They dropped 5.6% year-over-year.

The average sales price for single-family, re-sale homes rose 7% year-over-year.

The median sales price for single-family, re-sale homes set a new record high last month, rising 2.5% year-over-year. That is the ninth month in a row the median sales price has been higher than the year before.

Inventory fell 14.2% year-over-year. As of the 10th of July, there were 2,453 homes for sale, compared to an average of 7,739.

Days of Inventory now stands at thirty-five. 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-three last month. The average since January 2001 is fifty-seven days.

The sales price to list price ratio was 99%. 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 3.3% year-over-year.

The average sales price for condos was up 2.6% from last June.

The sales price to list price ratio for condos was 99.3% last month.

Condo sales were down 1.4% over last June.

Condos are selling in thirty-three days, the average is fifty-five days.

Inventory was up for the eighteenth month in a row. It rose 14.1% year-over-year. As of the 10th of July, there were 1,380 condos for sale.

Days of Inventory now stands at forty. 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

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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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