June 2021 Report
Single Family Homes in Central San Diego, All Cities, All Neighborhoods Change >
Average Price$1,461,680
-0.5%
Pending Properties461
-9.1%
Sale/List Price Ratio102.7%
-0.2%
Days of Inventory35
-12.6%
Trends at a Glance
| Trends At a Glance |
Jun 2021 |
Previous Month |
Year-over-Year |
| Median Price |
$1,039,000 (+6.0%) |
$980,000 |
$740,000 (+40.4%) |
| Average Price |
$1,461,680 (-0.5%) |
$1,468,750 |
$1,085,440 (+34.7%) |
| No. of Sales |
416 (+16.5%) |
357 |
419 (-0.7%) |
| Pending |
461 (-9.1%) |
507 |
491 (-6.1%) |
| Active |
508 (+5.4%) |
482 |
394 (+28.9%) |
| Sale vs. List Price |
102.7% (-0.2%) |
103.0% |
98.9% (+3.8%) |
| Days on Market |
19 (-23.2%) |
25 |
33 (-40.5%) |
| Days of Inventory |
35 (-12.6%) |
41 |
27 (+29.9%) |
Market Commentary
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.