April 2020 Real Estate Market in Review

April San Diego real estate market in review: As of April 2020, the median detached home in San Diego County sold for $670,000 up 3.5% from the previous year.

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As of  April 2020, the median attached home (including condos, townhomes, and twinhomes in San Diego County sold for $438,000, up 4.3% from last year.

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The average detached home in San Diego spent 34 days on the market.

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Condos, twinhomes, and townhomes in San Diego spent an average of 32 days on the market.

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As of April 2020, the average seller of a detached home in San Diego County receives 97.8% of the original list price at the close of the sale.

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As of April 2020, the owners of attached properties (condos, twinhomes, and townhomes) retained 98.2% of the original list price.

Avg % attached

The inventory of homes in San Diego County is low.

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The supply of attached properties rose a little bit but still is also quite low.

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

 

February 2020 Real Estate Market in Review

February San Diego real estate market in review: As of February 2020, the median detached home in San Diego County sold for $660,000 up 1.9% from the previous year.

Detached Median Sales

As of  February 2020, the median attached home (including condos, townhomes, and twinhomes in San Diego County sold for $435,000, up 3.6% from last year.

Attached Median Sales

The average detached home in San Diego spent 35 days on the market.

AVg Mkt Time Detached

Condos, twinhomes, and townhomes in San Diego spent an average of 33 days on the market.

Avg Mkt Time Attached

As of February 2020, the average seller of a detached home in San Diego County receives 97.6% of the original list price at the close of the sale.

Avg % detached

As of February 2020, the owners of attached properties (condos, twinhomes, and townhomes) retained 98.0% of the original list price.

Avg % attached

The inventory of homes in San Diego County is low.

MOINV Detached

The supply of attached properties rose a little bit but still is also quite low.

MOINV Attached

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

 

January 2020 Real Estate Market in Review

January San Diego real estate market in review: As of January 2020, the median detached home in San Diego County sold for $659,000 up 1.9% from the previous year.

Detached Median Sales

As of  January 2020, the median attached home (including condos, townhomes, and twinhomes in San Diego County sold for $430,000, up 2.4% from last year.

Attached Median Sales

The average detached home in San Diego spent 35 days on the market.

Avg Mkt Time Detached

Condos, twinhomes, and townhomes in San Diego spent an average of 33 days on the market.

Avg Market Time Attached

As of January 2020, the average seller of a detached home in San Diego County receives 97.5% of the original list price at the close of the sale.

Avg % Listed Detached

As of January 2020, the owners of attached properties (condos, twinhomes, and townhomes) retained 97.9% of the original list price.

Avg % Attached

The inventory of homes in San Diego County is low.

MOINV Detached

The supply of attached properties rose a little bit but still is also quite low.

MOINV Attached

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

 

December 2019 Real Estate Market in Review

December San Diego real estate market in review: As of December 2019, the median detached home in San Diego County sold for $655,000 up 1.6% from the previous year.

Median Sales Detached

As of  December 2019, the median attached home (including condos, townhomes, and twinhomes in San Diego County sold for $430,000, up 2.4% from last year.

Median Sales Attached.PNG

The average detached home in San Diego spent 36 days on the market.

Avg Mkt Time Detached.PNG

Condos, twinhomes, and townhomes in San Diego spent an average of 33 days on the market.

Avg Mkt Time Attached

As of December 2019, the average seller of a detached home in San Diego County receives 97.4% of the original list price at the close of the sale.

Avg % Detached

As of December 2019, the owners of attached properties (condos, twinhomes, and townhomes) retained 97.9% of the original list price.

Avg % Attached

The inventory of homes in San Diego County is low.

MOINV Detached

The supply of attached properties rose a little bit but still is also quite low.

MOINV Attached

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

 

November 2019 Real Estate Market in Review

November San Diego real estate market in review: As of November 2019, the median detached home in San Diego County sold for $650,000 up 0.9% from the previous year.

Median Sales Detached

As of  November 2019, the median attached home (including condos, townhomes, and twinhomes in San Diego County sold for $427,000, up 1.7% from last year.

Median Sales Attached

The average detached home in San Diego spent 36 days on the market.

Avg Mkt Time Detached

Condos, twinhomes, and townhomes in San Diego spent an average of 33 days on the market.

avg mkt time attached

As of November 2019, the average seller of a detached home in San Diego County receives 97.3% of the original list price at the close of the sale.

% Original Detached

As of November 2019, the owners of attached properties (condos, twinhomes, and townhomes) retained 97.8% of the original list price.

% original Attched

The inventory of homes in San Diego County is low.

MOINV Detached

The supply of attached properties rose a little bit but still is also quite low.

MOINV Attached

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

 

October 2019 Real Estate Market in Review

October San Diego real estate market in review: As of October 2019, the median detached home in San Diego County sold for $649,000 up 1.4% from the previous year.

Median Detached Sales

As of  October 2019, the median attached home (including condos, townhomes, and twinhomes in San Diego County sold for $425,000, up 1.4% from last year.

ttached Median Sales

The average detached home in San Diego spent 36 days on the market.

detached market time

Condos, twinhomes, and townhomes in San Diego spent an average of 33 days on the market.

Attached Market Time

As of October 2019, the average seller of a detached home in San Diego County receives 97.1% of the original list price at the close of the sale.

Detached % Original

As of October 2019, the owners of attached properties (condos, twinhomes, and townhomes) retained 97.7% of the original list price.

Attached % Original

The inventory of homes in San Diego County is low.

MOINV Detached

The supply of attached properties rose a little bit but still is also quite low.

MOINV attached

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

 

Home-Buying: How To Find The Right Seller

The best seller is one who is highly motivated. A highly motivated seller is more likely to sell at a price that is less than his or her house is actually worth. And it matters that you find out why. Learning the reason why can help you get the price you want and help the seller get what they want: a timely sale.

When given the opportunity to meet with sellers, ask them why they are selling. The reason could be anything, such as a job change that causes them to move to a new location or financial problems. If you can solve their problem, whether it is cash related or time related, do so. For example, if the sellers are highly motivated because they need to move quickly, give them a fast sale – and a lower price. If you can make an offer, even a low one, that gives them cash in a short time, they are more likely to accept.

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There are also some sellers that you should avoid. Not every seller is as genuinely motivated as they make themselves to be. Some possible hints:

  • they stall on having the home appraised or inspected
  • they are unable to clear up liens against their property
  • they do not own 100% of their property
  • they push back the move-out date
  • they do not have a replacement property or back up plan
  • etc.

It is impossible to find the perfect seller. But it is possible to find out which sellers are legit and which ones aren’t.