Real Estate Watch – Century 21 United Brokers
A Look at 92024’s Real Estate Numbers
The figures are in for June, and the numbers remain quite strong for home sales in 92024. A quick comparison to the same time period last year shows some minor fluctuation, but nothing to “call home” about.
92024 experienced a little tightening of available inventory in June, with a total of 58 new single family home listings hitting the market, compared to 63 new listings in June 2016 – a drop of 7.9%. The total inventory of single family homes for sale was also down 19.2% with 101 homes available for purchase, versus 126 during the same period last year.
The average number of days that homes were on the market during June was 30 days, compared to 34 days in June 2016. The 11.8% faster selling time is consistent with the drop in inventory supply.
Home values are very strong and continue to be at an all-time high. The median sales price of 92024 single family homes during the month of June was $1,337,500, an increase of 8.1% compared to last June’s $1,237,500 median price. Year to date, the median sales price for single family homes in 92024 is holding very strong at $1,205,000, a 7.1% increase YTD over 2016.
If you are considering making a move, you should be able to do so with confidence. Give me a call to schedule a meeting. It’s important to work with someone that you trust, and I would love the opportunity to get to know you and discuss your real estate goals.