September San Diego Real Estate Update 2016

September San Diego Real Estate Update 2016

Are rising prices making homes sell faster?

The short answer seems to be YES! As crazy as it sounds, prices keep on rising in many communities throughout San Diego, which is creating an urgency in buyers to secure their dream home or risk paying more for that same house a few months down the road.

To add to that, we have a good portion of sellers who are also buyers… sellers who want to upgrade or downsize. This adds another layer of buyers to the market and reduces the amount of inventory. Now this is all speculation and what we are seeing first hand, however here are some stats to back this up:

We have seen Closed Sales decease 15.8%, and the Average Sales Price for detached homes increase 2.4% to $687,775, yet our inventory level has still decreased 11.9 %.  So what does that tell us…? Well not much until you see this stat, our average days on market decreased 11.2%. What does this mean for us… too many buyers, not enough homes!

Joseph Arendsen Headshot
Phone: 760-672-0174
Dated: September 2nd 2016
Views: 280
About Joseph: Having been raised in North County San Diego, Joseph has a great wealth of experience and knowledge ...

Property Search

RSS Feed

View our latest blog posts in your RSS reader. Click here to access. RSS

Search Blog

Recent Blogs

May 2018 Buyer Seller Advice - Buyers Advice:Ok, now we don’t
May 2018 San Diego Real Estate Update - WATCH OUT!  Mortgage
April 2018 Buyer Seller Advice - April 2018Buyers Advice: 
April 2018 San Diego Real Estate Update - Can it be true?? Ladies

Our Bloggers

Saved Properties

This is a list of your favorite properties. We will email you if a property is reduced or leaves the market.

Click 'Save' to add a property to this list.

Register / Login

New & returning visitors please enter your information to login.

By clicking 'register' you are agreeing to our terms of use & giving us expressed written consent to contact you.

Questions? Comments? Complaints?

This message will go directly to the head of our team.

Location & Address

The Arendsen Group
90 N Coast Hwy 101, Suite 211
Encinitas, CA

Other Locations