December Real Estate Market in Review

December’s San Diego real estate market in review: As of December 2016, the median detached home in San Diego County sold for $572,690, up 7.6% from the previous year.

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As of  December 2016, the median attached home (including condos, townhomes, and twinhomes) in San Diego County sold for $365,000 , up 3.7% from last year.

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The average detached home in San Diego spent 45 days on the market.

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Condos, twinhomes, and townhomes in San Diego spent an average of 37 days on the market.

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As of December 2016, the average seller of a detached home in San Diego County receives 96.3% of the original list price at the close of the sale.

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As of December 2016, the owners of attached properties (condos, twinhomes, and townhomes) retained 97.1% of the original list price.

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The inventory of homes in San Diego County is still low, which is consistent with what we know that inventory is very tight and not predicted to dramatically improve.

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The supply of attached properties also continues to decline.

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Are you interested in seeing this breakdown for your San Diego community or zipcode? Let us know!

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