Real Estate Watch – Century 21 United Brokers
A Look at 92024’s Real Estate Numbers
The figures are in for September, and the numbers remain quite strong for home sales in 92024. A quick comparison to the same time period last year shows some minor fluctuations.
92024 experienced a further tightening of available inventory in September with a total of 44 new single family home listings hitting the market, compared to 75 new listings in September 2016 (a drop of 41%). The total inventory of single family homes for sale was also down 46% with 69 homes available for purchase (versus 129 during the same period last year).
The average number of days that homes were on the market during September was 23 days (compared to 34 days in September 2016). The 32% faster selling time is consistent with the drop in inventory supply.
Although we see some flattening out, home values are very strong (and continue to be at an all-time high). The median sales price of a 92024 single family home during the month of September was $1,025,000 (a drop of 11.8% compared to last September’s $1,162,500 median price). However, year to date, the median sales price for a single family home in 92024 is holding very strong at $1,210,000 (a 5.2% 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.
Realtor® | CalBRE #: 01436430