San Diego, CA 92154 Housing Trends as of 02/04/2022

Brian Ward

San Diego, CA Certified Residential Real Estate Appraiser

https://www.brianward.com/San-Diego/Appraiser/San-Diego.html

Contact: https://forms.gle/6R2NSosPMkniLG5VA

SALES INFORMATION:

# of Sales 0-3 Months: 85

# of Sales 3-6 Months Ago: 94

Change: -9.6%

# of Sales 0-6 Months: 184

# of Sales 12-18 Months Ago: 88

Change: 109.1%

Median Sale Price 0-3 Months: $720,000

Median Sale Price 3-6 Months Ago: $675,000

Change: 6.7%

Median Sale Price 0-6 Months: $703,000

Median Sale Price 12-18 Months Ago: $611,250

Change: 15.0%

Median $/Sf 0-3 Months: $413.63

Median $/Sf 3-6 Months Ago: $401.14

Change: 3.1%

Median $/Sf 0-6 Months: $406.61

Median $/Sf 12-18 Months Ago: $356.60

Change: 14.0%

Sales Price to List Price Ratio 0-3 Months: 101.0%

Sales Price to List Price Ratio 3-6 Mo. Ago: 103.0%

Change: -1.9%

LISTING INFORMATION:

Months of Inventory Based on 30 Day's Sales: 0.6

Anticipated Marketing Time: 0-30 days

# of Listings Past 3 Months: 88

# of Listings 3-6 Months Ago: 108

Change: -18.5%

Listings Days on Market (0-3 Months): 7

Listings Days on Market (3 to 6 Months Ago): 10

Change: -30.0%

Median Listing $/Sf (0-3 Months): $440.73

Median Listing $/Sf (3-6 Months Ago): $390.30

Change: 7.3%

MARKET AREA (PAST 12 MONTHS):

Most Common Living Area Range (Sf): 1,176 to 2,235

Most Common Property Year Built: 1962 to 1997

# of Stories

1 Story / 58.4%

2 Story / 40.2%

3 Story / 0.9%

Other/Remarks / 0.2%

Split Level / 0.2%

San Diego, CA 92154 Housing Trends as of 09/18/2019

San Diego Housing Trends as of 09/18/2019

Although there were pricing fluctuations over the past year, when comparing the most recent 6 month period with the same period last year the median $/Sqft changed approximately 3% and the median $/Sqft changed approximately -1% overall. There are currently 2 months of home inventory and half of all properties sell in 12 days or less. I anticipate that fewer than 90 days of marketing time will be required to sell common properties over the next 3 months.

Brian A. Ward

State of California Certified Residential Real Estate Appraiser

San Diego CA, Real Estate Appraiser

www.brianward.com

Real Estate Appraisal Services For:

* Date of Death Appraisal / Retrospective Appraisal

* Divorce Appraisal / Marriage Dissolution

* Bankruptcy Appraisal

* Estates

* Trusts

* Expert Witness Testimony

* Before Buying and/or Obtaining a Mortgage (critical)

* Before Selling

* Immigration

* Property Tax Appeals

* Intra-Family Home Purchases and Sales

* Bonds, Such as Bail Bonds

* More!

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San Diego, CA 92154 Condo Housing Trends as of 10/13/2014

Most condominiums/townhomes in San Diego, CA 92154 range in age from 6 to 54 years old, with a median age of 29 years old, and over the past year most condominiums/townhomes sold for values between $130,000 and $310,000, with a median of $238,000.  As of 10/13/2014, the median sale price in San Diego, CA 92154 changed from $217,750 to $243,000 (11.6%) over the past year, there are currently 2 months of housing inventory, and the typical market exposure time was 17 days over the past 6 months.  It is likely that fewer than 90 days of marketing time will be required to sell the subject property if listed at market value over the next 3 months.

Brian A. Ward
San Diego, CA Appraiser
www.brianward.com
(888) 844-1733

Real Estate Appraisal Services For:

* Bankruptcy

* Divorce / Marriage Dissolution

* Estates

* Trusts

* Date of Death / Retrospective Appraisals

* Expert Witness Testimony

* Before Buying and/or Obtaining a Mortgage (critical)

* Before Selling

* Property Tax Appeals

* Intra-Family Home Purchases and Sales

* Bonds, Such as Bail Bonds

* More!

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San Diego, CA 92154 Housing Statistics

The median $/Sqft of properties over the past year changed +2.3% when comparing the most recent 3 month period with the same period last year, indicating a stable property values trend.  There are currently 7.4 months of housing inventory indicating a balanced supply and demand trend.  Over the past month, properties sold ofter a median marketing period of 40 days and an average marketing time of 76 days, indicating a marketing time trend of under 3 months.

Statistics indicate historically high foreclosure activity which suggests that future declines from foreclosures and other distressed selling activity, such as short sales, are possible.  They also suggest that banks may be withholding inventory from the market, presumably to promote property value stabilization and increases, and that property value statistics may not reflect natural market forces and may not be reliable.  A continuing supply of potential foreclosures indicate that the risk of property value declines will continue into the near future. 

Foreclosure / Short Sale Related Statistics:

Past 30 Days

* 56 Total Sales

* 29% of all sales were bank sales

* 27% of all sales were short sales

1 Year Ago

* 70 Total Sales

* 50% of all sales were bank sales

* 19% of all sales were short sales

Currently:

* 157 Bank owned homes

* 360 Properties in foreclosure

* 222 Properties with mortgages 60+ days late but not in foreclosure

* 66 Bank listings in MLS (active, in escrow, and awaiting bank approval)

* 58% of bank owned homes not actively listed in the MLS

* 24 Months of current and potential bank sale and short sale inventory for bank owned properties, properties in foreclosure, and properties with mortgages 60+ days late and based on last months sales in the MLS.

Brian Ward
Real Estate Appraiser

brianwardappraisal@gmail.com