San Diego Real Estate Market Update – July 2019
San Diego Real Estate Market Update – July 2019July 23rd, 2019 by Karen
Buyer foot traffic is down from prior years and inventory is rising but it is still a seller's market. After several years of declining inventory and supply, inventory was so low that we have not hit a balanced market. A balanced market is approximately 6 months of inventory. We are currently at 2.8 months in San Diego and 4.3 months nationally.
Single Family Homes
Median Sales Price
3 Bedrooms | $580,000 | Homes for Sale
4 Bedrooms+ | $786,500 | Homes for Sale
Median Sales Price
1 Bedroom or Less | $325,000 | Homes for Sale
2 Bedrooms | $428,000 | Homes for Sale
3 Bedrooms+ | $509,000 | Homes for Sale
All Property Types
Median List Price: $570,000
Median Sold Price: $565,000
Days on Market: 16
Months Inventory: 2.8 Months (Seller's Market)
Articles and Advice
Most Expensive Home Sold in June - The most expensive home that sold in San Diego last month sold for $10,000,000 in Coronado.
Least Expensive Home Sold in June - The least expensive home that sold in San Diego last month sold for $8,500 in Ramona.
For Sale in Scripps Ranch - Canterra townhome with large backyard, two car garage and low HOA
Just Sold in Mira Mesa - Beautiful single story home with crown moulding, custom built-ins and upgraded kitchen and bathrooms. Wheelchair and walker friendly.
Dispelling the Myth About Home Affordability - We have all seen the headlines reporting that buying a home is less affordable today than it was in the last ten years. While this is true, we have to remember that during the past 10 years, we were recovering from one of the worst crashes in American history. Read more
Calendar of Events
July 22 - 31
Supergirl Surf Pro July 26-28
The weekend will be jam-packed with world-class competition that will have you on your toes and a festival village loaded with female-inspired vendors, activities and entertainment.
Time/Place: 8am-6pm / Oceanside Pier
Concert At The Lakes July 27
A benefit for the Santee-Lakeside Rotary Foundation & Santee Lakes Foundation. “Disco is Reborn for One Night Only at Santee Lakes”
Time/Place: 4-10pm / Santee Lakes Recreation Preserve, Lake 1
Solana Beach Triathlon, Duathlon, Aquabike July 28
The surf-entry ocean swim is supported by lifeguards and swim buddies. The bike and run courses cruise down the world famous Pacific Coast Highway. Finally, a tunnel of high-fives awaits you at the finish line - a gauntlet of excitement.
Time/Place: 6:50am / Fletcher Cove
Mortgage Interest Rates
Buyer Foot Traffic