San Diego Real Estate Report: October 2016

October’s San Diego real estate market in review: As of October 2016, the average detached home in San Diego County sold for $555,000, up 6.7% from the previous year.

As of  October 2016, the average attached home (including condos, townhomes, and twinhomes) in San Diego County sold for $365,000, up 7.4% from last year.

The average detached home in San Diego spent 41 days on the market.

Condos, twinhomes, and townhomes in San Diego spent an average of 35 days on the market.

As of October 2016, we are in a seller’s market. On average, a seller of a detached home in San Diego County receives 96.9% of the original list price at the close of the sale.

As of October 2016, the owners of attached properties (condos, twinhomes, and townhomes) retained 97.6% of the original list price.

The inventory of homes in San Diego County is still low, which is consistent with what we know that inventory is tight and also that late fall and winter are not the preferred time for sellers to list their homes.

The supply of attached properties continues to decline.

Are you interested in seeing this breakdown for your San Diego community or zipcode? Let us know!