Real Estate Watch – Century 21 United Brokers
A Look at 92130’s Real Estate Numbers
The figures are in for February, and the numbers remain stable for home sales in 92130. A quick comparison to the same time period last year shows some minor fluctuation, so let’s take a quick look at some of the takeaways.
A total of 53 new single-family home listings hit the market in February, compared to 58 new listings in February 2017 (a decrease of 8.6%). With fewer listings hitting the market so far this year, 92130 experienced a small tightening of available inventory. The total number of single-family homes for sale was down 20% with 62 homes available for purchase in February (versus 78 during the same period last year). We will have to wait and see if this tightening of inventory will have an impact on the overall pricing trend.
The average number of days that homes were on the market during February was 42 days (compared to 34 days in February 2017). The 23% slower selling time is consistent with what appears to be a flattening of home values.
Although we have not seen the values increase in recent months, 92130 home values continue to be hovering around an all-time high. The median year to date (YTD) sales price of a 92130 single-family home through February was $1,220,000 (a decrease of 5% compared to last year’s $1,295,000 YTD median price). Home values have been relatively stable in 92130 for the last six months.
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.