October 2021 Report
Single Family Homes in North County Inland, All Cities, All Neighborhoods Change >
Average Price$998,515
+2.4%
Pending Properties531
+5.4%
Sale/List Price Ratio101.8%
+0.1%
Trends at a Glance
| Trends At a Glance |
Oct 2021 |
Previous Month |
Year-over-Year |
| Median Price |
$887,500 (+2.0%) |
$870,000 |
$675,000 (+31.5%) |
| Average Price |
$998,515 (+2.4%) |
$975,417 |
$714,657 (+39.7%) |
| No. of Sales |
342 (-6.6%) |
366 |
343 (-0.3%) |
| Pending |
531 (+5.4%) |
504 |
386 (+37.6%) |
| Active |
517 (-3.9%) |
538 |
370 (+39.7%) |
| Sale vs. List Price |
101.8% (+0.1%) |
101.7% |
100.1% (+1.6%) |
| Days on Market |
24 (+9.6%) |
22 |
31 (-23.1%) |
| Days of Inventory |
45 (+6.4%) |
43 |
32 (+40.1%) |
Market Commentary
The average sales price for single-family, re-sale homes set a new high last month. It rose 3% in October from September. It was up 18.5% year-over-year.
The median sales price for single-family, re-sale homes was up 17.4% year-over-year. That is the twenty-fifth 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 55.7% year-over-year. There were 2,141 homes sold last month. The average since January 2001 is 1,990.
Inventory rose 93.3% year-over-year. As of the 10th of November, there were only 3,722 homes for sale, compared to an average of 7,739.
Days of Inventory now stands at fifty-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-five last month. The average since January 2001 is fifty-seven days.
The sales price to list price ratio stayed over 100%: it was 101.5%. The National Association of REALTORS® considers a ratio of 95% to indicate a balanced market.
The median sales price for re-sale condos set a new high last month. It was up 18.4% year-over-year.
The average sales price for condos also set a new high. It was up 23.3% from last October.
The sales price to list price ratio for condos also stayed over 100%: it was 101.8%.
Condo sales were up 92.2% compared to last September.
Condos are selling in twenty-three days, the average is fifty-five days.
Condo inventory rose 35.3% year-over-year. As of the 10th of November, there were 1,609 condos for sale.
Days of Inventory now stands at forty-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.