Central San Diego Housing Market Update-November 2013

With the holidays upon us, the housing market has cooled down. Homes are starting to sit on the market longer. The skyrocketing home prices seen for over a year, through the summer, are no more. While the number of homes sold is dropping, the average sale price of San Diego homes has stabilized.

There are a number of factors at work right now slowing the housing market down a bit. These include rising interest rates (from 3.5% earlier this year to a current rate of 4.43%), housing inventory levels catching up with demand, and prices simply peaking (they can only go so far before many potential buyers get priced out of the market). It’s also simply a slower time of year for real estate sales.

To get the latest figures, I ran an analysis of home figures from the MLS for the central San Diego region. This includes communities such as Mission Valley, Serra Mesa, University Heights, Normal Heights, Hillcrest, Mission Hills,  Bay Park, and Clairemont. The numbers include both condo/townhomes as well as single-family homes.

*Please note, I am now using MEDIAN figures instead of AVERAGE. I believe it will show a better representation of true housing trends.

 Housing Figures-Central San Diego

Date # of Sales Median Sale Price Med Price/Square Ft. Ave Days on Market    
November 2013 169 $407K $334 22
October 2013 212 $399K $344 17
November 2013 206 $372K $297 28

There are currently 6500 active listings in San Diego county, down from 6600 last month.

san diego housing market update

For more information on this topic:

619.384.2248
Ryan@RyanYourRealtor.com
Visit my Website: http://ryanyourrealtor.com
You can leave a response, or trackback from your own site.

3 Responses to “Central San Diego Housing Market Update-November 2013”

  1. ig says:

    Hi, I desire to subscribe for this blog to take latest updates, so where can i do it please help.

  2. ig says:

    Thank you for sharing your info. I really appreciate your efforts and I am
    waiting for your further write ups thanks once again.

  3. ig says:

    Wonderful blog! I found it while searching on Yahoo News.
    Do you have any suggestions on how to get listed in Yahoo News?
    I’ve been trying for a while but I never seem to get there!
    Many thanks

Leave a Reply

This theme is sponsored by California along with Texas, Radio and corporate office contact address
Sitemap