Central San Diego Market Update-February 2014

We have continued stability in the San Diego housing market. With sales, days on market, and price per square foot level out compared to the previous month. However, homes are continuing to sell at a fairly brisk rate, meaning buyers don’t have long to act on a property they love. With this more “normal” pattern, interest rates have actually been taking a slow dip over the last few weeks. They are currently at 4.32%. Inventory levels (the number of homes on the market “actively” for sale) is continuing bounce around the 6000 level for San Diego county. Finally, prices are starting to take on a more seasonal pattern, with much more modest changes than the previous year. To get the latest figures, I ran an analysis of home figures from the MLS for the central San Diego region (a 7 mile radius). 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.  Housing Figures-Central San Diego

Date # of Sales Median Sale Price Med Price/Square Ft. Ave Days on Market    
February 2014 464 $437K $365 23
January 2014 463 $450K $370 30
February 2013 554 $401 $327 20

How's the market 2There are currently 6200 active listings in San Diego county, up from 6100 last month. That number should continue rise in the coming months as the spring selling season approaches and more people put their homes up for sale. For more information on this topic:

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Ryan@RyanYourRealtor.com
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2 Responses to “Central San Diego Market Update-February 2014”

  1. ig says:

    Wow, this piece of writing is good, my sister is analyzing these
    things, thus I am going to let know her.

  2. ig says:

    Awesome article.

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