Statistical Tables

 

Trends at a Glance
(Single-family Homes)
  Dec 09 Nov 09 Dec 08
Median Price: $370,000 $370,000 $339,000
Average Price: $481,642 $476,349 $424,689
Home Sales: 2,003 1,660 1,853
Sale/List Price Ratio: 99.2% 99.6% 98.2%
Days on Market: 66 66 75
(Condos/Town Homes)
Median Price: $211,000 $222,000 $200,000
Average Price: $264,710 $260,037 $256,842
Condo Sales: 1,000 913 939
Sale/List Price Ratio: 100.5% 99.8% 97.8%
Days on Market: 70 69 69

Sales End Year on Up Note

Sales of single-family, re-sale homes surged in December, up 20.7% from November and up 8.1% year-over-year. For the year, home sales were up 17.2%. Visit the Annual Report for full details.

With the extension, and expansion, of the tax credit for buyers, we expect sales to be strong through Spring because of the first-time home buyers tax credit of $8,000 for buying a principal residence. First-time buyer is a buyer who has not owned a principal residence in the three-year period prior to the purchase. There are some income limits. For full information, see: http://federalhousingtaxcredit.com.

In addition, the tax credit was expanded to include move-up buyers. The tax credit for move-up buyers is $6,500.  A move-up buyer is a person who has owned and resided in the same home for at least five consecutive years of the eight years prior to the purchase date. Again, for full info, see the web site cited above.

P.S. The tax credit expires April 30th. You need to have a signed contract by then and close the sale within 60 days to qualify for the credit.

The median price for single-family, re-sale homes was flat at $370,000, good enough for a 9.1% gain compared to last December.

Inventory rose unexpectedly in December compared to the month before: up 19.8%, but continued to be lower than last year: down 18.6% compared to December 2008.

Condo sales were up 9.5%, month-over-month, and were up 3.7% compared to last December. Year-to-date, condo sales are up 15.1%.

The median price for condos was down 5% from November, but was up 6% year-over-year.

Condo inventory was down 14% compared to last December.

The sales price to list price ratio stayed even at 99.6%. The sales price to list price ratio for condos fell 0.7 of a point to 99.8%.

Days on market for homes gained two to 66 days. Days on market for condos fell four days to 69 days.

The following chart shows sales and prices since 2003.

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.

Monthly Statistics

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.

December 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 $481,642 $370,000 2,003 66 99.2% 13.4% 9.1% 8.1% 1.1% 0.0% 20.7%
Central San Diego $528,647 $400,000 459 58 99.4% 13.8% 12.7% 35.0% -9.8% -3.6% 28.9%
City Heights $191,510 $202,000 20 79 100.1% -5.1% 6.3% -28.6% -12.7% -10.4% -23.1%
Clairemont $485,956 $451,000 25 63 98.2% 14.2% 13.5% 25.0% 8.5% 11.4% 4.2%
College Grove $362,398 $366,900 48 44 99.8% 3.4% 4.1% 50.0% -6.1% -0.1% 118.2%
Coronado $1,286,430 $1,200,000 15 117 97.0% -14.5% 12.1% 400.0% 7.2% 1.9% 275.0%
Del Cerro $438,376 $425,000 23 47 97.2% 3.4% 6.3% 35.3% -11.0% -1.4% 9.5%
Encanto $219,497 $221,000 59 48 102.7% 7.4% 5.0% 5.4% 2.8% -0.7% 13.5%
Golden Hill $250,282 $170,000 17 53 102.4% -10.5% 6.3% 54.5% 1.5% -13.9% 6.3%
La Jolla $1,724,680 $1,325,000 28 121 91.9% -11.2% 1.7% 75.0% -32.9% -3.6% 16.7%
Linda Vista $367,655 $395,000 22 45 104.2% 3.0% 4.6% 83.3% -11.0% -1.3% 46.7%
Logan Heights $184,011 $185,000 19 42 102.2% 30.0% 24.3% 5.6% 12.3% 19.7% 35.7%
Mira Mesa $395,636 $375,000 28 41 101.0% 6.6% 6.1% -22.2% -4.4% -12.0% 7.7%
Mission Hills $650,007 $665,000 17 57 95.7% -28.1% -4.3% 112.5% -11.2% 0.0% 70.0%
Mission Valley $413,329 $402,000 19 35 101.0% 2.0% 7.2% 72.7% -10.3% -18.0% 280.0%
Normal Heights $496,278 $404,000 18 64 99.1% -5.0% -19.7% 20.0% 14.8% -4.9% 63.6%
North Park $382,111 $368,750 18 54 98.2% -15.9% -4.2% 20.0% -14.9% -15.2% 5.9%
Ocean Beach $643,255 $602,500 14 64 102.0% -32.7% -18.5% 75.0% -8.5% -13.6% 16.7%
Old Town $563,500 $589,500 4 27 97.2% 16.0% 15.6% -42.9% 13.4% 20.6% -50.0%
Pacific Beach $1,029,380 $792,000 17 91 94.7% 17.3% 1.4% 325.0% -6.1% -1.9% 41.7%
Paradise Hills $246,590 $240,000 21 59 101.8% -6.8% -6.3% 90.9% -2.5% -7.7% -8.7%
Point Loma $765,800 $758,750 10 48 94.7% -17.1% -17.3% 233.3% -4.9% 1.3% -9.1%
San Carlos $434,058 $434,000 15 56 99.1% 15.3% 14.2% 66.7% 7.9% 8.8% 66.7%
Scripps Miramar $706,137 $657,500 28 43 97.0% 4.5% -1.1% 115.4% -9.1% -9.9% 100.0%
Sorrento Valley $725,000 $725,000 2 44 94.5% 23.9% 23.9% 100.0% -1.2% -1.2% 0.0%
Tierrasanta $494,318 $485,000 11 64 98.9% -21.2% -18.8% 266.7% -12.9% -16.1% 22.2%
University City $651,000 $625,000 9 60 96.1% 6.3% 4.2% 80.0% 1.1% 0.8% 0.0%

 

December 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 $264,710 $211,000 1,000 70 100.5% 3.1% 5.5% 6.5% 1.8% -5.0% 9.5%
Central San Diego $328,323 $250,500 392 78 99.6% -3.8% -3.3% 22.1% 7.1% -2.0% 10.7%
City Heights $123,055 $87,000 20 29 104.5% 61.1% 7.4% -4.8% -4.0% -20.8% 81.8%
Clairemont $294,225 $292,450 4 19 98.6% 42.2% 48.7% 66.7% 15.3% 15.3% 15.3%
College Grove $140,909 $140,000 35 48 103.6% 25.4% 24.4% 45.8% 19.9% 21.7% 75.0%
Coronado $937,250 $662,250 10 188 92.6% n/a n/a n/a 33.0% -3.3% 100.0%
Del Cerro $244,790 $227,500 10 57 103.9% 12.7% 11.0% 66.7% 32.8% 45.8% 11.1%
Downtown $388,982 $359,000 74 92 97.2% -34.9% -5.5% 57.4% -4.8% 4.8% 48.0%
Golden Hill $153,111 $105,000 9 85 102.0% -11.5% -25.5% 28.6% -21.2% -49.3% 80.0%
La Jolla $575,959 $452,500 22 91 94.1% -14.0% -7.3% 0.0% -14.0% -7.3% 0.0%
Linda Vista $286,271 $310,000 17 64 98.9% 21.0% 29.7% 13.3% -45.3% 4.1% 21.4%
Mira Mesa $194,667 $181,000 27 85 102.1% -17.0% -19.2% 35.0% 2.7% -9.0% 42.1%
Mission Hills $476,955 $379,500 22 74 97.3% 56.8% 22.2% 120.0% 18.5% 8.4% 15.8%
Mission Valley $252,733 $221,000 25 59 99.3% -2.2% 5.2% -37.5% -2.0% -11.4% -30.6%
Normal Heights $186,359 $160,000 7 49 109.2% 27.3% 18.1% -41.7% 9.4% -1.8% -36.4%
North Park $172,536 $178,000 14 117 98.9% -18.8% -14.2% 27.3% -15.0% -1.7% -26.3%
Ocean Beach $280,600 $170,000 5 100 101.7% 38.1% -16.3% 150.0% -16.3% -48.8% 25.0%
Old Town $236,447 $200,000 15 68 99.3% -19.2% -28.6% 87.5% -6.7% -18.4% -16.7%
Pacific Beach $587,927 $450,000 22 130 97.6% 6.2% -21.7% 100.0% 34.6% 4.4% 15.8%
Paradise Hills $123,279 $123,500 14 51 104.0% -26.5% -22.9% -41.7% -5.6% -3.5% -17.6%
San Carlos $148,917 $135,000 12 53 100.8% -33.2% -33.8% 100.0% -37.5% -48.1% 300.0%
Scripps Miramar $346,524 $365,000 17 27 98.4% 69.9% 88.2% 325.0% 15.2% 22.3% 70.0%
Sorrento Valley $404,625 $409,250 4 48 98.7% -5.4% -4.3% 100.0% -4.8% -3.7% 300.0%
Tierrasanta $341,600 $348,000 5 48 101.6% 10.1% 16.4% 66.7% 1.9% 5.5% -54.5%
University City $279,570 $240,000 25 65 100.0% -14.1% -20.8% 56.3% -10.2% -16.8% -16.7%