Real Estate Watch – Century 21 United Brokers
A Look at 92009’s Real Estate Numbers
The figures are in for August, and the numbers remain quite strong for home sales in 92009. A quick comparison to the same time period last year shows some minor fluctuation, but nothing to “call home” about.
92009 experienced a little tightening of available inventory in August with a total of 55 new single family home listings hitting the market, compared to 73 new listings in August 2016 (a drop of 24.7%). The total inventory of single family homes for sale was down 43% with only 72 homes available for purchase (versus 127 during the same period last year). The average number of days that homes were on the market until sold during August was 26 days.
Home values are very strong and continue to be at, or near, the all-time high. The median sales price of a 92009 single family home during the month of August was $1,070,000 (an increase of 11.5% compared to last August’s $960,000 median price). Year to date, the median sales price for a single family home in 92009 is holding very strong at $985,000 (a 7.2% increase YTD over 2016).
If you are considering making a move, you should be able to do so with confidence. Give me a call to schedule a meeting. It’s important to work with someone that you trust, and I would love the opportunity to get to know you and discuss your real estate goals.