March 2021 Report
Single Family Homes in Central San Diego, All Cities, All Neighborhoods Change >
Average Price$1,181,870
+5.2%
Pending Properties480
+22.4%
Sale/List Price Ratio102.5%
+1.2%
Trends at a Glance
| Trends At a Glance |
Mar 2021 |
Previous Month |
Year-over-Year |
| Median Price |
$877,500 (+7.2%) |
$818,500 |
$788,000 (+11.4%) |
| Average Price |
$1,181,870 (+5.2%) |
$1,122,950 |
$1,197,150 (-1.3%) |
| No. of Sales |
306 (+21.4%) |
252 |
393 (-22.1%) |
| Pending |
480 (+22.4%) |
392 |
352 (+36.4%) |
| Active |
329 (+15.8%) |
284 |
376 (-12.5%) |
| Sale vs. List Price |
102.5% (+1.2%) |
101.3% |
99.8% (+2.7%) |
| Days on Market |
23 (-4.8%) |
24 |
30 (-23.5%) |
| Days of Inventory |
32 (+6.0%) |
30 |
29 (+12.4%) |
Market Commentary
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.