August 2020 Report
Single Family Homes in North County Inland, All Cities, All Neighborhoods Change >
Average Price$762,081
0.0%
Pending Properties959
-2.6%
Sale/List Price Ratio99.9%
+0.4%
Trends at a Glance
| Trends At a Glance |
Aug 2020 |
Previous Month |
Year-over-Year |
| Median Price |
$712,000 (+1.4%) |
$702,500 |
$645,000 (+10.4%) |
| Average Price |
$762,081 (0.0%) |
$761,729 |
$684,668 (+11.3%) |
| No. of Sales |
723 (+0.1%) |
722 |
682 (+6.0%) |
| Pending |
959 (-2.6%) |
985 |
686 (+39.8%) |
| Active |
608 (-5.6%) |
644 |
883 (-31.1%) |
| Sale vs. List Price |
99.9% (+0.4%) |
99.6% |
98.3% (+1.7%) |
| Days on Market |
34 (-3.9%) |
36 |
41 (-16.0%) |
| Days of Inventory |
25 (-5.7%) |
27 |
39 (-35.0%) |
Market Commentary
The average sales price for single-family, re-sale homes rose 13% year-over-year to set a new record high for the second month in a row.
The median sales price for single-family, re-sale homes set a new record high for the third month in a row, rising 13.2% year-over-year. That is the eleventh 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 5.5% year-over-year.
Inventory fell 22% year-over-year. As of the 10th of September, there were 2,163 homes for sale, compared to an average of 7,739.
Days of Inventory now stands at twenty-seven. 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 thirty-one last month. The average since January 2001 is fifty-seven days.
The sales price to list price ratio was 99.9%. 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 8.9% year-over-year. It also set a new record high for the third month in a row.
The average sales price for condos also set a new high last month. It was up 7.4% from last August.
The sales price to list price ratio for condos was 99.6% last month.
Condo sales were up 7.6% over last August.
Condos are selling in thirty days, the average is fifty-five days.
Inventory was up for the twentieth month in a row. It rose 16.4% year-over-year. As of the 10th of September, there were 1,420 condos for sale.
Days of Inventory now stands at thirty-six. The average is 123.
If you would like to know what’s going on in your neighborhood, click on Recent Sales & Listings. That will tell you what is for sale and what has sold.