August 2017 Real Estate Market in Review

August’s San Diego real estate market in review: As of August 2017, the median detached home in San Diego County sold for $595,000, up 7.2% from the previous year.

As of  August 2017, the median attached home (including condos, townhomes, and twinhomes) in San Diego County sold for $390,000 up 6.8% from last year.

The average detached home in San Diego spent 18 days on the market.

Condos, twinhomes, and townhomes in San Diego spent an average of 13 days on the market.

As of August 2017, the average seller of a detached home in San Diego County receives 98.2% of the original list price at the close of the sale.

As of August 2017, the owners of attached properties (condos, twinhomes, and townhomes) retained 98.9% of the original list price.

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 as we move into the comparatively slower fall and winter seasons.

The supply of attached properties is also quite low.

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

 

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