August 2021 Report
Single Family Homes in North County Inland, All Cities, All Neighborhoods Change >
Average Price$1,032,490
-0.1%
Pending Properties519
+2.2%
Sale/List Price Ratio102.3%
-1.9%
Trends at a Glance
| Trends At a Glance |
Aug 2021 |
Previous Month |
Year-over-Year |
| Median Price |
$911,500 (+0.7%) |
$905,000 |
$710,000 (+28.4%) |
| Average Price |
$1,032,490 (-0.1%) |
$1,033,610 |
$761,484 (+35.6%) |
| No. of Sales |
374 (-7.9%) |
406 |
735 (-49.1%) |
| Pending |
519 (+2.2%) |
508 |
789 (-34.2%) |
| Active |
496 (-0.4%) |
498 |
491 (+1.0%) |
| Sale vs. List Price |
102.3% (-1.9%) |
104.3% |
99.9% (+2.4%) |
| Days on Market |
23 (+38.6%) |
17 |
34 (-33.1%) |
| Days of Inventory |
40 (+8.1%) |
37 |
20 (+98.5%) |
Market Commentary
The average sales price for single-family, re-sale homes fell 2.8% in August from July. It was up 15.7% year-over-year.
The median sales price for single-family, re-sale homes was down 2.7% compared to July. It gained 14% year-over-year. That is the twenty-third 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 4.8% year-over-year. There were 2,316 homes sold last month. The average since January 2001 is 1,990.
Inventory rose 94.7% year-over-year. As of the 10th of September, there were only 3,482 homes for sale, compared to an average of 7,739.
Days of Inventory now stands at forty-five. 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 102.6%. 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 17.9% year-over-year.
The average sales price for condos was up 14.4% from last August.
The sales price to list price ratio for condos also stayed over 100%: it was 102.2%.
Condo sales were up 7.5% compared to last August.
Condos are selling in nineteen days, the average is fifty-five days.
Condo inventory rose 76.9% year-over-year. As of the 10th of September, there were 1,560 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, visit my on-line report and click on Recent Sales & Listings. That will tell you what is for sale and what has sold.