Real Estate Report presented by Sandy Collins & Associates

June 2021 Report

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


Median Price
$1,039,000
+6.0%
Average Price
$1,461,680
-0.5%
No. Sold
416
+16.5%
Pending Properties
461
-9.1%
Active
508
+5.4%
Sale/List Price Ratio
102.7%
-0.2%
Days on Market
19
-23.2%
Days of Inventory
35
-12.6%

Market Barometer

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Market Commentary

Sales Prices Set New Highs, Again

The average sales price for single-family, re-sale homes set a new high last month for the sixth month in a row. It rose 32.6% year-over-year.

After setting new highs six months in a row, the median sales price for single-family, re-sale homes took a breather in June. It gained 27.6% year-over-year. That is the twenty-first 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 26.1% year-over-year. There were 2,630 homes sold last month. The average since January 2001 is 1,990.

Inventory rose 30.8% year-over-year. As of the 26th of July, there were only 2,864 homes for sale, compared to an average of 7,739.

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

The sales price to list price ratio stayed over 100%: it was 103.7%. The National Association of REALTORS® considers a ratio of 95% to indicate a balanced market.

The median sales price for re-sale condos also set a new high in May, for the fifth month in a row. It was up 22.5% year-over-year.

The average sales price for condos also set a new high, for the fourth month in a row. It was up 25.1% from last June.

The sales price to list price ratio for condos also stayed over 100%: it was 102.8%.

Condo sales were up 28.8% compared to last June.

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

Condo inventory rose 48.6% year-over-year. As of the 26th of July, there were 1,452 condos for sale.

Days of Inventory now stands at thirty-two. The average is 123.

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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