Real Estate Report presented by Sandy Collins & Associates

March 2021 Report

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


Median Price
$877,500
+7.2%
Average Price
$1,181,870
+5.2%
No. Sold
306
+21.4%
Pending Properties
480
+22.4%
Active
329
+15.8%
Sale/List Price Ratio
102.5%
+1.2%
Days on Market
23
-4.8%
Days of Inventory
32
+6.0%

Market Barometer

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Market Commentary

Home Sales Prices Set New Highs, Again

The median sales price for single-family, re-sale homes set a new high in March for the fourth month in a row. It gained 20.1% year-over-year. That is the eighteenth month in a row the median sales price has been higher than the year before.

The average sales price for single-family, re-sale homes also set a new high last month for the third month in a row. It rose 16.8% year-over-year.

Sales of single-family, re-sale homes in San Diego County were up 1.4% year-over-year. There were 1,940 homes sold last month. The average since January 2001 is 1,990.

Inventory fell 13.9% year-over-year. As of the 10th of April, there were only 1,741 homes for sale, compared to an average of 7,739.

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

The sales price to list price ratio stayed over 100%: it was 102.4%. 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 March. It was up 14.4% year-over-year.

The average sales price for condos also set a new high. It was up 13% from last March.

The sales price to list price ratio for condos also stayed over 100%: it was 101.7%.

Condo sales were up 16.7% compared to last March.

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

Condo inventory fell 7.1% year-over-year. As of the 10th of April, there were 960 condos for sale.

Days of Inventory now stands at twenty-five. 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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