UNIVERSITY HEIGHTS / NORMAL HEIGHTS / TALMADGE

SINGLE FAMILY HOME

San Diego, CA 92116

Fri Sep 10 2021
This week the median list price for San Diego, CA 92116 is $1,169,500 with the market action index hovering around 78. This is less than last month's market action index of 84. Inventory has increased to 22. Click here to stay informed with the San Diego market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Buyer'sMarketSeller'sMarket0102030405060708090100TodayTodayLast MonthLast Month7878

Strong Seller's Market

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the San Diego market.
Median List Price
$1,169,500
Median Price of New Listings
$1,219,000
Per Square Foot
$806
Average Days on Market
24
Median Days on Market
14
Price Decreased
41%
Price Increased
0%
Relisted
23%
Inventory
22
Median Rent
$2,950
Market Action
78
Strong Seller's Market
7-Day Average90-Day AverageSep 2018Jan 2019May 2019Sep 2019Jan 2020May 2020Sep 2020Jan 2021May 2021Sep 2021$600K$700K$800K$900K$1.0M$1.1M$1.2M$1.3M$1.4MSep 03 20217-Day Average: $1.2M90-Day Average: $1.1M

Again this week we see prices in this zip code remain roughly at the level they’ve been for several weeks. Since we’re significantly below the top of the market, look for a persistent up-shift in the Market Action Index before we see prices move from these levels.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Comments

  1. Because there are so many real estate agents to choose from in our region, hiring a real estate agent is simple. Selecting the finest real estate agent, on the other hand, is a tough task. Selecting the finest real estate agent, on the other hand, is critical when purchasing real estate. Because the finest real estate agents can assist you in locating the most suitable home at the most reasonable cost.

    ReplyDelete
    Replies
    1. Thanks, Levi. I appreciate your reply. I agree with you more. I am committed to deliver a real estate experience that earns a lifetime relationship with my clients.

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      Delete
  2. To get a mortgage, the self-employed face several practical difficulties, such as the fact that their mortgage lender uses their net income to estimate their annual income, despite omitting business expenses from their tax returns to save money at tax time. It may seem that the self-employed borrower has a low income and a high expenditure despite the accounting discrepancy, even when the truth is very different. Taking out an adjustable-rate loan and then saving up for a self employed mortgage refinancing in the future may be the best option for the borrower.

    ReplyDelete

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