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!

	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

        

	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