April 2021 Report
Single Family Homes in North County Inland, All Cities, All Neighborhoods Change >
Average Price$957,835
+8.1%
Pending Properties545
+15.2%
Sale/List Price Ratio103.1%
+0.4%
Trends at a Glance
| Trends At a Glance |
Apr 2021 |
Previous Month |
Year-over-Year |
| Median Price |
$820,000 (+3.7%) |
$790,500 |
$675,000 (+21.5%) |
| Average Price |
$957,835 (+8.1%) |
$886,125 |
$708,567 (+35.2%) |
| No. of Sales |
379 (+12.8%) |
336 |
456 (-16.9%) |
| Pending |
545 (+15.2%) |
473 |
443 (+23.0%) |
| Active |
288 (+15.7%) |
249 |
680 (-57.6%) |
| Sale vs. List Price |
103.1% (+0.4%) |
102.7% |
99.4% (+3.8%) |
| Days on Market |
22 (-19.8%) |
27 |
33 (-32.2%) |
| Days of Inventory |
22 (-0.9%) |
22 |
43 (-49.0%) |
Market Commentary
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.