In the San Diego zip code of 92128 and the Carmel Mountain area the median $/Sqft declined 4.3% over the past year and the median sale price declined 9.1% indicating a declining property values trend. There are currently 5.9 months of inventory indicating a balanced demand/supply trend. Over the past 3 months properties have sold after a median of 63 days indicating a marketing time trend of under 3 months. 30% of all sales over the past 3 months were bank sales or short sales which is an increase from 27% during the same period a year earlier.
San Diego Home Appraiser
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