A Look at 92081’s Real Estate Numbers
The figures are in for January, and the numbers remain quite strong for home sales in 92081. A quick comparison to the same time period last year shows some minor fluctuations.
92081 experienced a reduced number of new listings in January with a total of 19 new single family homes hitting the market, compared to 30 new listings in January 2017 (a decrease of 36%). The total inventory of single family homes for sale was down 50% with 10 homes available for purchase (versus 20 during the same period last year).
The average number of days that homes were on the market during January was 13 days (compared to 38 days in January 2017). The 65% faster selling time is consistent with the drop in total available inventory, demonstrating a strong seller’s market.
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 January was $569K (an increase of 14% compared to last January’s $499K median price). Townhouses and condominiums are experiencing very similar trends with short market times and very low available inventory.
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, earn your trust, and discuss your real estate goals.