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October San Diego Real Estate Update 2016


High Rent Prices and lack of inventory are pushing many into buying a home of their own. Given the competitive situation and ongoing high rental prices, we have seen an uptick in renters looking into becoming homeowners. The problem that we face here in San Diego is the lack of inventory for entry level priced homes. So, the numbers I am going to share with you are not going to make sense at first, but stay with me 😉  

We have seen closed sales begin to cool down for much of the county and everything points to that continuing, however this is not due to the lack of buyers “we have plenty of buyers” we actually have an inventory shortage. Here is what I mean: We have a 1.2% decrease in units sold compared to this time last year, yet the Median Sales Price has increased 7.4%, while Inventory Decreased a shocking 15.9%.

So what does this mean?



Buyers must be aware of the competitive market, particularly those looking for move-in ready homes. One thing you will want to do is stay active throughout the holidays. We see a lot of buyers postpone their search until after the Holidays so this means less competition for you! For more info on how to prepare, check out our Buyer’s Guide 



Homes are averaging 26 days on market. Feel confident to list your home just above what the comparables are showing you. If you don’t get the activity you were looking for during the first week on market, don’t be afraid to lower the price. Find out what your neighbors homes are selling for HERE



  1. 2 beds, 3 baths
    Home size: 1,116 sq ft
    Lot size: 2.00 ac
  2. 4 beds, 2 baths
    Home size: 1,683 sq ft
    Lot size: 8,399 sqft
  3. 4 beds, 2 baths
    Home size: 1,418 sq ft
    Lot size: 5,700 sqft
  4. 6 beds, 3 baths
    Lot size: 7,405 sqft
  5. 3 beds, 2 baths
    Home size: 1,077 sq ft
    Lot size: 9,583 sqft
  6. 4 beds, 3 baths
    Home size: 2,294 sq ft
    Lot size: 16,552 sqft
  7. 2 beds, 2 baths
    Home size: 1,138 sq ft

See all City of San Diego Real Estate.
(all data current as of 5/26/2018)

Listing information deemed reliable but not guaranteed. Read full disclaimer.

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