Inventory Rises Slightly in San Diego’s Real Estate Market

The following data is taken directly from San Diego’s Multiple Listing Service. It is a snapshot of San Diego’s housing market for the 1-15 corridor as well as the Metro areas of San Diego. Going back 30 days for the month of August, the data illustrates a general trend of building inventory, decreasing short sales and solid pending sales as well as closed sales.  In both single family homes, as well as condos, throughout San Diego we see a slight slow down in San Diego’s housing market. More importantly, we also see a dwelling number of distressed sales; a steady trend since the first of the year.

Feel free to look back over last months snapshot, found in my blog here, for a quick comparison of numbers. One of the largest areas of inventory increase was seen in Rancho Bernardo. Conversely, the area with the shortest increase of available homes for sale is the popular Hillcrest and Mission Hills area.

Scripps Ranch, Rancho Penasquitos and Mira Mesa saw a steady increase in available homes for sale during the month of August. Condo listings in these same areas also increased. As the summertime comes to an end it is normal to see a gradual easing off of home sales.

One important note, homes in desirable areas which are well priced and well taken care of , sell fast and with multiple offers.  So just because we are entering the “slow” season for real estate don’t delay when you find a home you love!  It’s worth it!

    

Condo Icon 2 - Copy

 

 

 

Active

 

 

 

Contingent

 

 

 

Pending

 

 

 

Closed

Scripps Ranch

42

4

25

82

Rancho Penasquitos

23

7

18

17

Mira Mesa

31

14

36

23

Rancho Bernardo

106

20

76

82

Hillcrest/Mission Hills

73

8

28

24

University Heights/Kensington

20

13

15

13

North Park

40

8

30

22

Talmadge/El Cerrito

20

6

20

13

        

Homes Icon

 

 

 

Active

 

 

 

Contingent

 

 

 

Pending

 

 

 

Closed

Scripps Ranch

64

7

46

41

Rancho Penasquitos

42

9

59

38

Mira Mesa

39

24

60

32

Rancho Bernardo

195

21

138

90

Hillcrest/Mission Hills

55

1

18

13

University Heights/Kensington

33

3

33

22

North Park

46

0

27

24

Talmadge/El Cerrito

71

24

62

33

 

Active Listings:            Homes currently on the market without an accepted offer.
 
Contingent Listings:   Homes with an accepted offer contingent on seller’s approval.  Often these homes are short sales           contingent on lien holder approval.
 
Pending Listings:       Homes currently in escrow.
 
Closed:                          Homes which have closed escrow.

 

 

 

 

 

 

          

       

All rights reserved. All information deemed reliable but not guaranteed.