Total volume and Median Prices of existing home sales in San Diego increased in January 2014
The total sales volume of homes sold in San Diego in January 2104 increased as compared to January 2013 but declined compared to December 2013.
|Change from January 2013
|Change from December 2013
Median Prices in San Diego also increased as compared to this same time last year while the average of days on the market decreased.
|Median Sales Price Jan 2014
|Change from Jan 2013
|Change from Dec 2013
|Avg Days on the Market Jan 2014
|Avg Days on the Market Jan 2013
Real estate market data for San Diego CA 92130 provided by Laura Borja from stats published by SDAR.
San Diego CA 92130 Home Prices
January saw an increase of the median home price of detached homes in San Diego CA 92130 as compared to January 2013 but decreased in comparison to December 2013. Condos and Townhouses in Carmel Valley (San Diego CA 92130) did have a correction in the median price as compared both to the previous year as well as December 2013. Some of the decrease could be attributed to seasonal market changes. The lower prices may not stick around for long so if you are considering buying, now is the time to work with an experienced local Realtor who can help you negotiate the best price possible. Contact me for a referral to one of my Realtor partners that specializes in the Carmel Valley area of San Diego CA.
Listings of Condos and single family homes in San Diego CA 92130 are only on the market an average of 46. The number of properties being sold in Carmel Valley is holding steady compared to last month and January 2013.
It is important to be prepared to move forward with an offer as soon as you find a property that is the right fit for you. Make sure you get yourself pre-approved, not only so you know what you are qualified for, but so that the closing process will go smoothly and quickly once you find the house that will become your home.
Sellers should make sure to price their home near the market value if they expect to get an offer from one of those interested buyers. Low inventory in San Diego CA 92130 has multiple offers coming in on homes similar to what we saw back in 2007. I wouldn’t expect home prices to run up quite as fast as they did back then as lending guidelines have tightened since then and we are no longer giving a loan to anyone with a pulse. But low inventory is one indicator that prices should continue to rise.
San Diego CA 92130 Real Estate Report Summary
The median price in January 2014 for single family homes in San Diego CA 92130 is $1,037,500. That is an increase of 11.09% from the previous year.
The median price of attached homes in San Diego CA 92130 decreased 4.77% in January 2014 from as compared to January 2013.
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