Real Estate Report presented by Patty Moore-Davidson

April 2021 Report

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


Median Price
$815,000
+3.2%
Average Price
$1,115,420
+10.7%
No. Sold
2,339
+20.6%
Pending Properties
3,143
+10.0%
Active
2,086
+19.8%
Sale/List Price Ratio
103.0%
+0.6%
Days on Market
23
-5.9%
Days of Inventory
26
-3.9%

Market Barometer

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Market Commentary

Sales Prices Set New Highs, Again

The median sales price for single-family, re-sale homes set a new high in April for the fifth month in a row. It gained 22.6% year-over-year. That is the nineteenth 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 fourth month in a row. It rose 37.2% year-over-year.

Sales of single-family, re-sale homes in San Diego County were up 49.3% year-over-year. There were 2,339 homes sold last month. The average since January 2001 is 1,990.

Inventory fell 8.6% year-over-year. As of the 10th of May, there were only 2,086 homes for sale, compared to an average of 7,739.

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

The sales price to list price ratio stayed over 100%: it was 103%. 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 April, for the third month in a row. It was up 21.8% year-over-year.

The average sales price for condos also set a new high, for the second month in a row. It was up 26.7% from last April.

The sales price to list price ratio for condos also stayed over 100%: it was 102.3%.

Condo sales were up 88% compared to last April.

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

Condo inventory rose 3.4% year-over-year. As of the 10th of May, there were 1,103 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.

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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