Real Estate Report presented by Ryan Mathys & Tracie Kersten

December 2019 Report

Single Family Homes in North County Coastal, All Cities, All Neighborhoods Change >


Median Price
$749,000
+5.3%
Average Price
$1,076,150
+2.0%
No. Sold
456
-8.1%
Pending Properties
652
-5.1%
Active
1,069
-14.9%
Sale/List Price Ratio
98.1%
+0.1%
Days on Market
43
-5.3%
Days of Inventory
68
-10.5%

Market Barometer

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Market Commentary

Prices & Sales Continue Rising in November

The median sales price for single-family, re-sale homes rose 0.9% compared to October. It was up 4.8% year-over-year.

The average sales price for homes was down 0.2% from October, but, it was up 0.7% from last November.

Home sales were up for the fifth month in a row, rising 18.4% year-over-year. Year-to-date, home sales are up 1.4%.

Inventory was down for the sixth month in a row. It dropped 32% year-over-year. As of the 10th of December, there were 3,056 homes for sale.

Days of Inventory now stands at fifty-one. The average is 133.

Days on Market, or how long it took from when a home was listed for sale to when it went into escrow, was thirty-seven last month. The average since January 2001 is fifty-seven days.

The sales price to list price ratio was 98.4%. The National Association of REALTORS® considers a ratio of 95% to indicate a balanced market.

The median sales price for re-sale condos was up 1.3% from October. It was up 8.3% year-over-year.

The average sales price was up 4.2% from October, and, it was up 12.8% from last November.

The sales price to list price ratio for condos was 98.8% last month.

Condo sales were up 5.3% over last November.

Condos are selling in thirty-four days, the average is fifty-five days.

Inventory was down for the sixth month in a row. It dropped 18.7% year-over-year. As of the 10th of December, there were 1,547 condos for sale.

Days of Inventory now stands at sixty. The average is 123.

If you would like to know what’s going on in your neighborhood, click on Recent Sales & Listings. That will tell you what is for sale and what has sold.

Prices & Sales

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Days of Inventory

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Sales to Date

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Sales Price Ratio

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