January 2021 Report
Single Family Homes in San Diego, All Cities, All Neighborhoods Change >
Average Price$963,379
+1.5%
Pending Properties1,542
+9.7%
Sale/List Price Ratio100.5%
+0.1%
Days of Inventory20
+63.7%
Trends at a Glance
| Trends At a Glance |
Jan 2021 |
Previous Month |
Year-over-Year |
| Median Price |
$730,000 (0.0%) |
$730,000 |
$655,000 (+11.5%) |
| Average Price |
$963,379 (+1.5%) |
$949,025 |
$832,828 (+15.7%) |
| No. of Sales |
1,536 (-31.0%) |
2,225 |
1,467 (+4.7%) |
| Pending |
1,542 (+9.7%) |
1,406 |
1,790 (-13.9%) |
| Active |
1,017 (+13.0%) |
900 |
1,897 (-46.4%) |
| Sale vs. List Price |
100.5% (+0.1%) |
100.3% |
98.4% (+2.1%) |
| Days on Market |
29 (+3.8%) |
27 |
47 (-38.7%) |
| Days of Inventory |
20 (+63.7%) |
12 |
39 (-48.8%) |
Market Commentary
The median sales price for single-family, re-sale homes matched the new high set in December. It gained 11.5% year-over-year. That is the sixteenth 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, it rose 15.7% year-over-year.
Sales of single-family, re-sale homes in San Diego County were up 4.7% year-over-year. There were 1,536 homes sold last month. The average since January 2001 is 1,990.
Inventory fell 46.4% year-over-year. As of the 10th of February, there were only 1,017 homes for sale, compared to an average of 7,739.
Days of Inventory now stands at twenty. 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-nine last month. The average since January 2001 is fifty-seven days.
The sales price to list price ratio stayed over 100%: it was 100.5%. 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 11.5% year-over-year.
The average sales price for condos was up 8.4% from last January.
The sales price to list price ratio for condos also stayed over 100%: it was 100.1%.
Condo sales were up 13.5% compared to last January.
Condos are selling in thirty-two days, the average is fifty-five days.
Condo inventory fell 17% year-over-year. As of the 10th of February, there were 684 condos for sale.
Days of Inventory now stands at twenty-four. 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.