San Diego Stats

George Lorimer
Monday, April 13, 2020
San Diego Stats

Your Home Sold Guaranteed Or I'll Buy It!* (click here for a FREE Report)
Call George Lorimer and Start Packing 619-846-1244

Prices Set New Highs, Again

The average sales price for single-family, re-sale homes set a new high for the third month in a row of $877,711 in March. A gain of 15.5% year-over-year.
The median sales price for single-family, re-sale homes also set a new high last month of $670,000. A gain of 9.3% year-over-year. That is the sixth month in a row the median sales price has been higher than the year before.

(Click here) For An Instant Home Value

Home sales were down 6.4% year-over-year.
Inventory, after being higher than the year before fourteen months in a row, fell 2.9% year-over-year. As of the 10th of April, there were 2,443 homes for sale.
Days of Inventory now stands at forty-two.

Days on Market, or how long it took from when a home was listed for sale to when it went into escrow, was thirty-two last month. The average since January 2001 is fifty-seven days.

The sales price to list price ratio was 99.5%. The National Association of REALTORS® considers a ratio of 95% to indicate a balanced market.
The median sales price for re-sale condos also set a new high last month of $454,000. It was up 8.1% year-over-year.
The average sales price for condos also set a new high. It was up 7% from last March.

The sales price to list price ratio for condos was 99.6% last month.
Condo sales were up 1.1% over last March.
Condos are selling in twenty-six days, the average is fifty-five days.
Inventory was up for the fifteenth month in a row. It rose 11.6% year-over-year. As of the10th of April, there were 1,275 condos for sale.

Days of Inventory now stands at forty-two. The average is 123.
If you would like to know what’s going on in your neighborhood, visit my on-line report and click on Recent Sales & Listings. That will tell you what is for sale and what has sold.


Your Home Sold Guaranteed Or I'll Buy It!* (click here for a FREE Report)*
Call George Lorimer and Start Packing 619-846-1244
 

The above video gives a 2-minute analysis of the above stats


The above video is how we protect you and your equity during COVD-19. 
 
For the on-line report, go here:
http://lorimer.rereport.com
To read/print the complete monthly report, go here:
http://rereport.com/sdc/print/SDCCSDGeorgeLorimer.pdf

For the complete annual report, which includes charts and graphs for each city in the county, click on the following link:
http://rereport.com/sdc/print/SDCCSDGeorgeLorimerAnnual.pdf
You may need to cut and paste the links into your browser.

We would like to hear from you! If you have any questions, please do not hesitate to contact us. We are always looking forward to hearing from you! We will do our best to reply to you within 24 hours !

You agree to receive property info, updates, and other resources via email, phone and/or text message. Your wireless carrier may impose charges for messages received. You may withdraw consent anytime. We take your privacy seriously.

FREE Quick Online Home Evaluation

Find out what your home is worth!

Learn more

Find out about the "Real Estate Catch-22", and how you can avoid major stress when selling your home.

Guaranteed Sale Program

Learn more

10 Secrets Every New Home Buyer Should Know

Buy a New Home or a Resale?

Learn more
Real Estate Blog