August 2020 Report
Single Family Homes in San Diego, All Cities, All Neighborhoods Change >
Average Price$935,229
+3.0%
Pending Properties3,285
+4.2%
Sale/List Price Ratio99.9%
+0.5%
Trends at a Glance
| Trends At a Glance |
Aug 2020 |
Previous Month |
Year-over-Year |
| Median Price |
$730,000 (+2.1%) |
$715,000 |
$645,000 (+13.2%) |
| Average Price |
$935,229 (+3.0%) |
$907,658 |
$827,364 (+13.0%) |
| No. of Sales |
2,375 (-2.7%) |
2,440 |
2,251 (+5.5%) |
| Pending |
3,285 (+4.2%) |
3,154 |
2,376 (+38.3%) |
| Active |
2,163 (-8.1%) |
2,354 |
2,772 (-22.0%) |
| Sale vs. List Price |
99.9% (+0.5%) |
99.5% |
98.5% (+1.4%) |
| Days on Market |
31 (-8.0%) |
33 |
38 (-19.3%) |
| Days of Inventory |
27 (-5.6%) |
29 |
37 (-26.0%) |
Market Commentary
The average sales price for single-family, re-sale homes rose 13% year-over-year to set a new record high for the second month in a row.
The median sales price for single-family, re-sale homes set a new record high for the third month in a row, rising 13.2% year-over-year. That is the eleventh 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 5.5% year-over-year.
Inventory fell 22% year-over-year. As of the 10th of September, there were 2,163 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 thirty-one last month. The average since January 2001 is fifty-seven days.
The sales price to list price ratio was 99.9%. 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 8.9% year-over-year. It also set a new record high for the third month in a row.
The average sales price for condos also set a new high last month. It was up 7.4% from last August.
The sales price to list price ratio for condos was 99.6% last month.
Condo sales were up 7.6% over last August.
Condos are selling in thirty days, the average is fifty-five days.
Inventory was up for the twentieth month in a row. It rose 16.4% year-over-year. As of the 10th of September, there were 1,420 condos for sale.
Days of Inventory now stands at thirty-six. 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.