A Look at 92081’s Real Estate Numbers
The figures are in for June, and the numbers remain quite strong for home sales in 92081. A quick comparison to the same time period last year shows some minor fluctuation, but nothing to “call home” about.
92081 experienced a tightening of available inventory in June with a total of 31 new single family home listings hitting the market, compared to 51 new listings in June 2016 – a decrease of 39.2%. The total inventory of single family homes for sale was also down 54% with 29 homes available for purchase, versus 63 during the same period last year.
The average number of days that homes were on the market during June was 20 days, compared to 18 days in June 2016. Although a slight increase in selling time has been noted, an average market time of under 25 days demonstrates a solid demand.
Home values are very strong and continue to be at an all-time high. The median sales price of a 92081 single family home during the month of June was $550K – an increase of 5.4% compared to last June’s $522K median price. Year to date, the median sales price for a single family home in 92081 is holding very strong at $537K, a 4.4% 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.