December 2021 Report
Single Family Homes in North County Inland, All Cities, All Neighborhoods Change >
Average Price$999,836
-1.3%
Pending Properties393
-15.5%
Sale/List Price Ratio102.7%
+0.8%
Days of Inventory48
+15.4%
Trends at a Glance
| Trends At a Glance |
Dec 2021 |
Previous Month |
Year-over-Year |
| Median Price |
$877,000 (+1.7%) |
$862,500 |
$755,000 (+16.2%) |
| Average Price |
$999,836 (-1.3%) |
$1,012,520 |
$826,535 (+21.0%) |
| No. of Sales |
301 (-15.0%) |
354 |
421 (-28.5%) |
| Pending |
393 (-15.5%) |
465 |
338 (+16.3%) |
| Active |
478 (-5.2%) |
504 |
158 (+202.5%) |
| Sale vs. List Price |
102.7% (+0.8%) |
101.9% |
100.0% (+2.6%) |
| Days on Market |
28 (+4.1%) |
27 |
34 (-18.8%) |
| Days of Inventory |
48 (+15.4%) |
41 |
11 (+323.1%) |
Market Commentary
The average sales price for single-family, re-sale homes slipped a bit from the new high set in October. It fell 3.1% in December from November. Nevertheless, it was up 12% year-over-year.
The median sales price for single-family, re-sale homes was up 13.7% year-over-year. That is the twenty-seventh 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 down 8.9% year-over-year. There were 2,028 homes sold last month. The average since January 2001 is 1,990.
Inventory rose 282.2% year-over-year. As of the 10th of January, there were only 3,440 homes for sale, compared to an average of 7,739.
Days of Inventory now stands at fifty-one. 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 101.9%. 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 19.2% year-over-year.
The average sales price for condos set a new high in December, for the fourth month in a row. It was up 108.1% from last December.
Condo sales were down 13.8% compared to last December.
Condos are selling in twenty-four days, the average is fifty-five days.
Condo inventory rose 121.1% year-over-year. As of the 10th of January, there were 1,413 condos for sale.
Days of Inventory now stands at forty-one. 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.