A Look at 92078’s Real Estate Numbers

The figures are in for August, and the numbers remain quite strong for home sales in 92078. A quick comparison to the same time period last year shows some minor fluctuation, but nothing to “call home” about.

92078 experienced a little tightening of available inventory in August with a total of 57 new single family home listings hitting the market, compared to 62 new listings in August 2016 (a drop of 8.1%). The total inventory of single family homes for sale was down 40% with only 57 homes available for purchase (versus 95 during the same period last year). The average number of days that homes were on the market until sold during August was 19 days.

Home values are very strong (and continue to be at or near the all-time high).The median sales price of a 92078 single family home during the month of August was $750,000 (an increase of2.7% compared to last August’s $760,000 median price). Year to date, the median sales price for a single family home in 92078 is holding very strong at $733,500 (a 5.5% increase YTD over 2016).

If you are considering making a move, you should be able to do so with confidence. Give me a call to schedule a meeting. It’s important to work with someone that you trust, and I would love the opportunity to get to know you and discuss your real estate goals.

rew_century21Jessica Breaux

Realtor® | CalBRE #: 01436430