| Trends at a Glance | |||
| (Single-family Homes) | |||
| Jun 08 | May 08 | Jun 07 | |
| Median Price: | $417,000 | $430,000 | $595,000 |
| Average Price: | $547,028 | $599,102 | $775,632 |
| Home Sales: | 1,411 | 1,589 | 1,710 |
| Sale/List Price Ratio: | 95.1% | 94.7% | 95.3% |
| Days on Market: | 68 | 73 | 66 |
| (Condos/Town Homes) | |||
| Median Price: | $250,000 | $285,000 | $369,000 |
| Average Price: | $315,510 | $371,555 | $425,460 |
| Condo Sales: | 695 | 815 | 899 |
| Sale/List Price Ratio: | 95.3% | 94.8% | 96.2% |
| Days on Market: | 76 | 78 | 63 |
Problems with the MLS continue and we are not sure of the accuracy of the data. Please keep that in mind when reading.
After two months of single-digit declines in year-over-year sales of single-family, re-sale homes, sales in June declined 17.5%. Home sales were off 11.2% compared to May.
Bank-owned property accounted for a substantial portion of the sales, sending statistical prices lower.
The median price was down 3% from May, but was off 29.9% year-over-year.
The condo market was similarly affected with sales off 14.7% compared to May and off 22.7% year-over-year.
The median price for condos fell 12.3% from May and was off 32.2% compared to June 2007.
We’re seeing a lot of cherry-picking of bank-owned property, resulting in multiple offers on the best property in the most desirable neighborhoods.
The sales price to list price ratio increased by 0.4 of a point to 95.1%. This is the highest level it has been since July 2007. The sales price to list price ratio rose 0.5 of a point to 95.3%.
The following chart shows new listings and sales since 2000. Click on the chart to enlarge it, then click your BACK button to return to this page.
The real estate market is very hard to generalize. It is a market made up of many micro markets. For complete information on a particular neighborhood or for an evaluation of your home's worth, call me.
If you need assistance devising a strategy, call or click the buying or selling link in the menu to the left.
Complete monthly sales statistics for the Central San Diego area are below. Monthly charts are available for each city in the county. Use the menu to the left to choose an area.
| June Sales Statistics | |||||||||||
| (Single-family Homes) | |||||||||||
| Prices | Unit | Change from last year | Change last month | ||||||||
| Average | Median | Sales | DOM | SP/LP | Ave. | Med. | Sales | Ave. | Med. | Sales | |
| County | $547,028 | $417,000 | 1,411 | 68 | 95.1% | -29.5% | -29.9% | -17.5% | -8.7% | -3.0% | -11.2% |
| Central San Diego | $553,593 | $414,000 | 302 | 63 | 95.6% | -35.2% | -28.6% | -27.9% | -19.3% | -1.8% | -11.7% |
| City Heights | $262,429 | $262,000 | 23 | 61 | 96.1% | -32.9% | -37.5% | 91.7% | 3.2% | 4.8% | 53.3% |
| Clairemont | $321,500 | $321,500 | 2 | 25 | 96.7% | -43.1% | -34.5% | -92.9% | -28.8% | -26.6% | -92.6% |
| College Grove | $350,066 | $336,000 | 21 | 47 | 98.0% | -36.6% | -37.0% | -16.0% | -12.2% | -13.0% | -30.0% |
| Coronado | $1,575,625 | $1,340,000 | 12 | 69 | 95.3% | -20.8% | 11.7% | -25.0% | -10.9% | -21.2% | 33.3% |
| Del Cerro | $580,427 | $490,000 | 15 | 47 | 97.3% | -1.5% | -9.3% | -28.6% | -28.5% | -13.8% | 66.7% |
| Encanto | $251,728 | $247,500 | 28 | 73 | 92.8% | -34.7% | -38.1% | 33.3% | -0.1% | -1.2% | -36.4% |
| Golden Hill | $248,800 | $230,000 | 10 | 78 | 99.4% | -33.0% | -35.1% | 66.7% | -16.0% | 5.0% | -37.5% |
| La Jolla | $1,656,818 | $1,225,000 | 11 | 116 | 90.6% | -34.4% | -33.0% | -69.4% | -46.6% | -39.5% | -47.6% |
| Linda Vista | $399,800 | $396,500 | 10 | 43 | 98.4% | -24.4% | -20.7% | -41.2% | 11.1% | 5.7% | -23.1% |
| Logan Heights | $186,256 | $180,000 | 9 | 80 | 96.1% | -41.3% | -37.9% | -18.2% | 2.2% | 2.0% | -35.7% |
| Mira Mesa | $396,947 | $389,000 | 32 | 54 | 96.3% | -19.3% | -19.8% | -8.6% | -4.1% | -0.3% | -28.9% |
| Mission Hills | $700,062 | $775,000 | 7 | 93 | 83.9% | -27.9% | 4.9% | -58.8% | -34.2% | -16.2% | 0.0% |
| Mission Valley | $413,000 | $407,000 | 12 | 42 | 99.5% | -19.3% | -17.9% | -45.5% | -5.2% | -7.3% | 9.1% |
| Normal Heights | $502,442 | $424,127 | 9 | 103 | 94.3% | -19.7% | -31.3% | -55.0% | -22.3% | -33.7% | -43.8% |
| North Park | $579,150 | $596,500 | 20 | 43 | 95.7% | 2.0% | 4.8% | -16.7% | 14.8% | 15.8% | 42.9% |
| Ocean Beach | $823,833 | $755,000 | 15 | 96 | 94.4% | -9.3% | -7.9% | 15.4% | 8.7% | 16.2% | 114.3% |
| Old Town | $658,000 | $619,000 | 7 | 45 | 94.9% | -2.5% | -6.2% | 75.0% | -13.4% | 14.8% | -36.4% |
| Pacific Beach | $784,000 | $750,000 | 7 | 61 | 94.3% | -41.0% | -19.0% | -70.8% | -20.4% | -5.1% | -50.0% |
| Paradise Hills | $316,117 | $312,000 | 15 | 49 | 99.5% | -26.6% | -29.1% | 114.3% | 12.3% | 11.4% | 87.5% |
| Point Loma | $949,545 | $1,005,000 | 11 | 70 | 95.6% | -15.3% | -4.3% | -21.4% | -19.9% | 13.9% | -21.4% |
| San Carlos | $455,087 | $442,447 | 16 | 51 | 95.5% | -15.7% | -14.1% | 23.1% | -3.7% | -7.0% | 60.0% |
| Scripps Miramar | $601,933 | $549,000 | 15 | 57 | 95.8% | -26.5% | -29.6% | -54.5% | -19.3% | -24.2% | -42.3% |
| Sorrento Valley | $348,500 | $350,000 | 3 | 83 | 96.5% | n/a | n/a | n/a | -54.7% | -53.0% | 0.0% |
| Tierrasanta | $655,667 | $690,000 | 6 | 48 | 95.6% | 6.3% | 20.0% | -33.3% | 9.2% | 7.0% | -33.3% |
| University City | $671,183 | $692,550 | 6 | 42 | 95.2% | -4.8% | 1.6% | -75.0% | 22.5% | 31.9% | 20.0% |
| June Sales Statistics | |||||||||||
| (Condominiums/Townhomes) | |||||||||||
| Prices | Unit | Change from last year | Change last month | ||||||||
| Average | Median | Sales | DOM | SP/LP | Ave. | Med. | Sales | Ave. | Med. | Sales | |
| County | $315,510 | $250,000 | 695 | 76 | 95.3% | -25.8% | -32.2% | -22.7% | -15.1% | -12.3% | -14.7% |
| Central San Diego | $346,237 | $259,000 | 251 | 80 | 95.2% | -24.1% | -28.6% | -33.4% | -21.4% | -21.5% | -12.5% |
| City Heights | $127,832 | $100,000 | 9 | 86 | 94.2% | -48.4% | -63.0% | 12.5% | -4.3% | -16.6% | -30.8% |
| Clairemont | $321,500 | $321,500 | 2 | 25 | 96.7% | -12.1% | -18.0% | -71.4% | 19.2% | 19.5% | -33.3% |
| College Grove | $152,578 | $161,000 | 18 | 94 | 96.2% | -43.6% | -40.9% | -10.0% | -16.5% | -8.0% | 12.5% |
| Coronado | $1,574,833 | $1,660,000 | 6 | 97 | 93.4% | 37.5% | 76.6% | -62.5% | -16.8% | -21.0% | -33.3% |
| Del Cerro | $245,224 | $225,517 | 18 | 191 | 95.7% | -12.2% | -18.7% | 125.0% | -4.3% | -4.0% | 200.0% |
| Downtown | $564,232 | $485,500 | 47 | 81 | 94.0% | 2.5% | 2.2% | -7.8% | -3.7% | 4.4% | -16.1% |
| Golden Hill | $240,000 | $240,000 | 2 | 71 | 94.6% | -20.9% | -23.8% | -33.3% | -22.3% | -22.3% | 100.0% |
| La Jolla | $608,750 | $458,750 | 30 | 76 | 90.6% | -28.7% | -19.2% | 0.0% | -15.9% | -25.8% | -16.7% |
| Linda Vista | $285,063 | $254,500 | 8 | 42 | 96.7% | -26.5% | -36.4% | -52.9% | -9.7% | -25.8% | -11.1% |
| Mira Mesa | $236,367 | $210,000 | 24 | 47 | 97.1% | -15.8% | -26.4% | 0.0% | -6.1% | -7.5% | 0.0% |
| Mission Hills | $375,954 | $387,000 | 13 | 56 | 97.9% | -32.1% | -23.5% | -59.4% | -27.3% | -2.6% | -40.9% |
| Mission Valley | $353,316 | $379,000 | 19 | 53 | 96.5% | 12.6% | 24.3% | -17.4% | -2.6% | -0.9% | -36.7% |
| Normal Heights | $195,889 | $209,000 | 9 | 95 | 96.3% | -26.4% | -24.0% | -62.5% | 0.2% | 16.4% | -18.2% |
| North Park | $213,143 | $198,500 | 14 | 59 | 95.1% | -22.1% | -28.2% | -44.0% | -25.8% | -33.8% | -6.7% |
| Ocean Beach | $387,200 | $415,000 | 5 | 36 | 94.8% | 0.0% | 12.2% | -54.5% | -5.6% | 8.9% | -16.7% |
| Old Town | $302,571 | $310,000 | 7 | 121 | 94.0% | -14.2% | -2.7% | -69.6% | -8.6% | -8.0% | -36.4% |
| Pacific Beach | $543,493 | $521,000 | 14 | 65 | 94.7% | -14.9% | -23.0% | -61.1% | -21.1% | -8.5% | -36.4% |
| Paradise Hills | $199,921 | $188,500 | 14 | 84 | 99.6% | -32.3% | -27.8% | 133.3% | -2.6% | -9.4% | 40.0% |
| San Carlos | $181,960 | $179,750 | 10 | 75 | 96.3% | -37.2% | -36.4% | 25.0% | -16.4% | -11.2% | 0.0% |
| Scripps Miramar | $338,750 | $334,500 | 10 | 60 | 96.6% | -24.6% | -19.6% | -37.5% | 6.9% | -0.1% | -9.1% |
| Sorrento Valley | $348,500 | $350,000 | 3 | 83 | 96.5% | n/a | n/a | n/a | -17.8% | -17.5% | 200.0% |
| Tierrasanta | $418,357 | $405,000 | 7 | 99 | 97.4% | 3.6% | 1.9% | -50.0% | 13.3% | 11.0% | 0.0% |
| University City | $323,639 | $307,500 | 18 | 63 | 96.2% | -21.5% | -22.7% | -41.9% | -8.4% | -6.8% | -5.3% |
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