Fewer Homes for Sale in San Diego while Listing Prices Fall
The number of homes for sale in San Diego fell in January, while the average listing price declined by 2.12%.
The average price of homes for sale was $780,223, which was down from $796,739 in December. Likewise the median price of homes for sale - the number at which half of the homes listed for sale were for more and half were for less - decreased 1.63% to $517,325.
"San Diego home prices are up again, fueling optimism that the real estate market continues to rebound.If you are wanting to sell your home in San Diego, now is the time," Said Rhonda Hebert from Real Living Lifestyles who released the study. "The inventory is very low in the county and homes are receiving multiple offers. With interest rates still at record lows, it's a good market for buyers.
"Why rent when you can make a house payment on your own property for the same amount as you pay in rent?" Hebert said.
The prices varied according to the size of the homes
- 2 bedroom - $519,939 - an increase of 0.97% from December
- 3 bedroom - $627,123 - a decrease of 7.93% from December
- 4 bedroom - $854,839 - a decrease of 2.63% from December
- 5 bedroom - $1,537,510 - an increase of 0.26% from December
The average home for sale has 3 bedrooms and 2.59 bathrooms.
Rhonda Hebert is an award winning Real Estate Advisor with over 10 years of experience in helping clients purchase and sell homes all over San Diego County. Her priority is providing superior service to her clients in a professional and pleasant manner. She generates a majority of her business from repeat clients and referrals. If you or someone you know needs any real estate services in San Diego, please contact her. Prior to becoming a Realtor she spent over 15 years working for fortune 500 companies in the fields of Human Resources and Customer Service Management. Rhonda is also a trained interior decorator so she can advise and assist clients on the staging of their home.