Post on 03-Aug-2016
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What’s Happening at the Corner of Otay Lakes
Road and H Street?On the northeast corner of the Southwestern College campus, near the SWC football stadium, you can see major construction underway. What will be there? You will be excited to hear that Southwestern College will have a Wellness and Aquatics Center on that corner, with an accompanying large building, all at an estimated cost of $52 Million. The facility will include a competitive gymnasium that can hold 2500 people, fitness and cardio work-out area, two Olympic-sized 50-meter pools as well as one 25-meter pool. Existing adjacent buildings will be demolished to make room for the new building, that will house the Math, Science and Engineering classrooms.
Spring 2016
ww
w.m
cmill
inre
alty
.com
Two Great Names
One BETTER
CompanyHow the benefit of two great
91910
SAN DIEGONORTH INLAND
Mission SanLuis Rey
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BORREGO SPRINGS
SAN DIEGONORTH INLAND
Mission SanLuis Rey
LegolandCalifornia
San Diego ZooSafari Park
FALLBROOK
ESCONDIDO
RANCHOBERNARDO
VISTA
VALLEYCENTER
JULIAN
PAUMAVALLEY
MT. PALOMAROBSERVATORY
SANMARCOS
TEMECULA
RAMONA
BORREGO SPRINGS
T his northwest sector of Chula Vista has seen 7% annual appreciation in detached housing, and boasts the greatest inventory of any South County zip, with 62 detached units available. The average condo unit is $300,000, a modest rise of 2% year-over-year. Properties go to contract in about 2 weeks and there is a very low inventory available (2 months for
detached; 1 month for attached) in this area.
R unning from L St, south to Main and between the two freeways (5 and 805), this area continues to have the most affordable homes in Chula Vista, with the average detached housing at $429,000 and attached at $294,000. Detached housing appreciated 9% year-over-year, and attached a whopping 26%. Properties go to contract in 2-3 weeks.
Condos in this area are hot-hot-hot, with number sold jumping from 7/month to 13/month.
NORTH CHULA VISTA
91911 SOUTHWEST CHULA VISTA
PAST 10 YEARS
PAST 10 YEARS
$600,000
$500,000
350
300
225
200
100
100
$350,000
$300,000
$100,000
$100,000
AVERAGE SALES PRICE
AVERAGE SALES PRICE
NUMBER OF SALES
NUMBER OF SALES
05 06 07 08 09 10 11 12 13 14 15
05 06 07 08 09 10 11 12 13 1514
2MCMILLINREALTY.COM 1.800.599.8715
... ABOUT THE MARKET
1st Q-2016 % Change 4th Q - 2015 % Change 1st Q - 2015
Average Sales Price $479,438 Up 2% $462,311 Up 7% $448,846
Average Price Per Sq Ft $285 Up 3% $278 Up 11% $256
Median Sales Price $443,000 Down 2% $450,000 Up 3% $431,500
Listing Inventory (Active) 62 Up 5% 59 Up 5% 59
Number of Sales 90 Down 19% 111 Down 3% 93
Median Days on Market 18 Down 22% 23 Down 28% 25
Absorption Rate (month to sell inventory)
2 months Up 25% 1.5 months 0% 2 months
DETACHED SALES 1st Q-2016 % Change 4th Q - 2015 % Change 1st Q - 2015
Average Sales Price $300,913 Down 7% $324,218 Up 2% $291,387
Average Price Per Sq Ft $240 Down 1% $243 Up 9% $221
Median Sales Price $297,250 Down 15% $350,750 Down 6% $316,000
Listing Inventory (Active) 13 Down 32% 19 Down 24% 17
Number of Sales 40 Up 25% 32 Up 25% 32
Median Days on Market 15 Down 40% 25 Down 46% 28
Absorption Rate (month to sell inventory)
1 month Down 50% 2 months Down 33% 1.5 months
ATTACHED SALES
1st Q-2016 % Change 4th Q - 2015 % Change 1st Q - 2015
Average Sales Price $429,772 0% $430,729 Up 10% $391,455
Average Price Per Sq Ft $285 Up 3% $276 Up 16% $256
Median Sales Price $415,000 Down 2% $425,000 Up 8% $385,000
Listing Inventory (Active) 46 Down 8% 50 Down 12% 52
Number of Sales 85 Down 17% 103 Down 2% 87
Median Days on Market 23 Up 5% 22 Down 15% 27
Absorption Rate (month to sell inventory)
1.5 months 0% 1.5 months Down 25% 2 months
DETACHED SALES 1st Q-2016 % Change 4th Q - 2015 % Change 1st Q - 2015
Average Sales Price $294,503 Up 15% $255,681 Up 26% $236,790
Average Price Per Sq Ft $229 Down 2% $234 Up 10% $209
Median Sales Price $280,000 Up 8% $260,000 Up 17% $240,750
Listing Inventory (Active) 17 Down 15% 20 0% 17
Number of Sales 38 0% 38 Up 73% 22
Median Days on Market 18 Down 18% 22 Down 47% 34
Absorption Rate (month to sell inventory)
1.5 months 0% 1.5 months Down 40% 2.5 months
ATTACHED SALES
S mall and exclusive, just northeast of Chula Vista, this area’s detached housing inventory is 4 months, which means that houses here are selling slower than in any other South County community. Detached housing average sale price of $625,000 is up 4% from last year, and the active detached units available jumped from 38 to 49. Condos in Bonita are hard to come
by, with only 3 active listings. They have appreciated 33% year-over-year, now averaging $280,000/unit. Properties in Bonita take about one month to go to contract.
W ithin the City of San Diego, south of Chula Vista, running between I-5 and I-805, South San Diego single family homes have an average sale price of $446,000, up a healthy 16% year-over-year, with houses going to contract in roughly 3 weeks. Attached housing is averaging $276,000, up 10% annually, and yet these condos average the lowest price-per-
sq-ft in South County at $218/sq ft. No wonder the number of SSD condo sales has doubled in 1st quarter of 2016, compared to 2015. Great value for the money.
$600,000 400
250
150
$375,000
$150,000
SAN DIEGONORTH INLAND
Mission SanLuis Rey
LegolandCalifornia
San Diego ZooSafari Park
FALLBROOK
ESCONDIDO
RANCHOBERNARDO
VISTA
VALLEYCENTER
JULIAN
PAUMAVALLEY
MT. PALOMAROBSERVATORY
SANMARCOS
TEMECULA
RAMONA
BORREGO SPRINGS
SAN DIEGONORTH INLAND
Mission SanLuis Rey
LegolandCalifornia
San Diego ZooSafari Park
FALLBROOK
ESCONDIDO
RANCHOBERNARDO
VISTA
VALLEYCENTER
JULIAN
PAUMAVALLEY
MT. PALOMAROBSERVATORY
SANMARCOS
TEMECULA
RAMONA
BORREGO SPRINGS
$800,000 120
80
20
$500,000
$200,000
3MCMILLINREALTY.COM 1.800.599.8715
05 06 07 08 09 10 11 12 13 14 15
05 06 07 08 09 10 11 12 13 1514
... ABOUT THE MARKET
91902 BONITA
92154 SOUTH SAN DIEGO
AVERAGE SALES PRICE NUMBER OF SALES
1st Q-2016 % Change 4th Q - 2015 % Change 1st Q - 2015
Average Sales Price $624,690 Up 4% $604,368 Up 4% $596,666
Average Price Per Sq Ft $269 Down 2% $276 0% $269
Median Sales Price $608,500 0% $600,000 Up 2% $596,500
Listing Inventory (Active) 49 Down 9% 54 Up 29% 38
Number of Sales 36 Down 35% 55 0% 36
Median Days on Market 39 0% 36 Down 20% 49
Absorption Rate (month to sell inventory)
4 months Up 33% 3 months Up 33% 3 months
DETACHED SALES 1st Q-2016 % Change 4th Q - 2015 % Change 1st Q - 2015
Average Sales Price $279,285 Up 20% $230,722 Up 33% $209,666
Average Price Per Sq Ft $253 Up 7% $236 0% $251
Median Sales Price $300,000 Up 33% $225,000 Up 41% $212,000
Listing Inventory (Active) 3 0% 3 Up 50% 2
Number of Sales 7 Down 22% 9 Up 17% 6
Median Days on Market 36 Up 176% 13 Up 100% 18
Absorption Rate (month to sell inventory)
1 month 0% 1 month 0% 1 month
ATTACHED SALES
PAST 10 YEARS
1st Q-2016 % Change 4th Q - 2015 % Change 1st Q - 2015
Average Sales Price $446,537 Up 1% $441,801 Up 16% $385,378
Average Price Per Sq Ft $263 Up 5% $249 Up 11% $237
Median Sales Price $436,250 Up 4% $417,000 Up 16% $375,000
Listing Inventory (Active) 37 Up 37% 27 Up 6% 35
Number of Sales 54 Down 31% 78 Down 33% 80
Median Days on Market 19 Down 24% 25 Down 10% 21
Absorption Rate (month to sell inventory)
2 months Up 100% 1 month Up 33% 1.5 month
DETACHED SALES 1st Q-2016 % Change 4th Q - 2015 % Change 1st Q - 2015
Average Sales Price $276,480 Up 1% $274,615 Up 10% $250,640
Average Price Per Sq Ft $218 Up 1% $220 Up 8% $202
Median Sales Price $288,500 Up 3% $279,000 Up 13% $255,000
Listing Inventory (Active) 19 Up 36% 14 Up 36% 14
Number of Sales 30 Down 6% 32 Up 100% 15
Median Days on Market 18 Up 100% 9 Down 40% 30
Absorption Rate (month to sell inventory)
2 months Up 60% 1.25 months Down 33% 3 months
ATTACHED SALES
PAST 10 YEARS
AVERAGE SALES PRICE NUMBER OF SALES
D owntown San Diego is truly a story of the condominium market, with roughly 200 condos closing this past quarter, and zero single family homes closing. The average condo sale price has actually declined by 4% year-over-year. Condos are moving a little slower these days, taking about 3 months to go to contract. Be ready to pay urban prices, with the aver price/sqft
at $524, a 1000 sqft condo runs over $500,000. Thinking of selling? Most go to contract in 3 to 4 weeks. How do agents take you around to see these properties? Uber, of course!
T his oceanfront community is undergoing major downtown improvements, and with that comes an increase in activity. About 18 units sell in IB each month. Two years ago, detached housing increased increased 30% in value, and attached increased 80%. Fortunately, in 2015, prices held those values, but did not climb substantially. About 18
properties sell each month in IB. Condos are now averaging close to $500,000.... and equal to Imperial Beach single family residences. Houses go to contract in roughly 2 weeks, condos in 3
SAN DIEGONORTH INLAND
Mission SanLuis Rey
LegolandCalifornia
San Diego ZooSafari Park
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VALLEYCENTER
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PAUMAVALLEY
MT. PALOMAROBSERVATORY
SANMARCOS
TEMECULA
RAMONA
BORREGO SPRINGS
$800,000 800
550
300
$500,000
$200,000
$600,000 100
70
40
$400,000
$200,000
4MCMILLINREALTY.COM 1.800.599.8715
05 06 07 08 09 10 11 12 13 14 15
05 06 07 08 09 10 11 12 13 1514
92101 DOWNTOWNSAN DIEGO
... ABOUT THE MARKET
1st Q-2016 % Change 4th Q - 2015 % Change 1st Q - 2015
Average Sales Price NA NA $524,501 NA $841,666
Average Price Per Sq Ft NA NA $320 NA $608
Median Sales Price NA NA $524,501 NA $815,000
Listing Inventory (Active) 1 0% 1 Down 75% 4
Number of Sales 0 NA 1 NA 3
Median Days on Market NA NA 166 NA 2
Absorption Rate (month to sell inventory)
NA NA 3 months NA 4 months
DETACHED SALES 1st Q-2016 % Change 4th Q - 2015 % Change 1st Q - 2015
Average Sales Price $575,406 Up 5% $548,819 Down 4% $596,433
Average Price Per Sq Ft $524 0% $523 Up 2% $513
Median Sales Price $440,000 Down 2% $450,500 Down 13% $506,375
Listing Inventory (Active) 203 Down 5% 214 Down 9% 222
Number of Sales 193 Down 2% 196 Up 3% 188
Median Days on Market 27 Up 13% 24 Down 16% 32
Absorption Rate (month to sell inventory)
3 months 0% 3 months Down 14% 3.5 months
ATTACHED SALES
PAST 10 YEARS
AVERAGE SALES PRICE NUMBER OF SALES
1st Q-2016 % Change 4th Q - 2015 % Change 1st Q - 2015
Average Sales Price $490,653 Up 7% $459,777 Up 1% $486,480
Average Price Per Sq Ft $359 Up 4% $346 Up 17% $306
Median Sales Price $469,000 Up 4% $450,000 Up 4% $450,000
Listing Inventory (Active) 13 0% 13 Up 160% 5
Number of Sales 26 Down 36% 36 Up 4% 25
Median Days on Market 13 Up 8% 12 Down 13% 15
Absorption Rate (month to sell inventory)
1.5 months Up 50% 1 month Up 200% .5 month
DETACHED SALES 1st Q-2016 % Change 4th Q - 2015 % Change 1st Q - 2015
Average Sales Price $490,531 Up 16% $421,468 Up 2% $384,377
Average Price Per Sq Ft $431 Up 31% $330 Up 31% $329
Median Sales Price $550,000 Up 37% $400,000 Up 49% $372,500
Listing Inventory (Active) 23 Down 44% 16 Up 21% 19
Number of Sales 30 Up 58% 19 Up 88% 18
Median Days on Market 9 Down 80% 46 Down 66% 27
Absorption Rate (month to sell inventory)
2.5 months 0% 2.5 months Down 17% 3 months
ATTACHED SALES
AVERAGE SALES PRICE NUMBER OF SALES
PAST 10 YEARS
91932 IMPERIALBEACH
SAN DIEGONORTH INLAND
Mission SanLuis Rey
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FALLBROOK
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RANCHOBERNARDO
VISTA
VALLEYCENTER
JULIAN
PAUMAVALLEY
MT. PALOMAROBSERVATORY
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TEMECULA
RAMONA
BORREGO SPRINGS
5MCMILLINREALTY.COM 1.800.599.8715
S itting in northeast Chula Vista, east of 805, 91913 is the most active South County market, with 150 closings in the 1st Quarter 2016. Detached housing accelerated 7% in average sale price annually, to $530,000; attached housing experienced a 2% increase, to $336,000. Properties go to contract in roughly 3 weeks. Interestingly, price-per-sq-ft for detached
and attached is almost identical in this area, indicating a strong condo market.
T his properous area encompasses Rolling Hills Ranch, The Gates, and other high-end view properties. The detached houses boast the highest average sale price in South County, at $743,000, up 13% from 12 months ago. Listing inventory is shrinking, now at roughly 2 months. Market time is just one month, not bad for such high-end homes. Condos in this
area are gobbled up quickly. Only one available, and the area typically closing 5/month with an attractive sale price of about $350,000.... half of what the detached go for in 91914.
$1,000,000 350
225
100
$650,000
$300,000
SAN DIEGONORTH INLAND
Mission SanLuis Rey
LegolandCalifornia
San Diego ZooSafari Park
FALLBROOK
ESCONDIDO
RANCHOBERNARDO
VISTA
VALLEYCENTER
JULIAN
PAUMAVALLEY
MT. PALOMAROBSERVATORY
SANMARCOS
TEMECULA
RAMONA
BORREGO SPRINGS
SAN DIEGONORTH INLAND
Mission SanLuis Rey
LegolandCalifornia
San Diego ZooSafari Park
FALLBROOK
ESCONDIDO
RANCHOBERNARDO
VISTA
VALLEYCENTER
JULIAN
PAUMAVALLEY
MT. PALOMAROBSERVATORY
SANMARCOS
TEMECULA
RAMONA
BORREGO SPRINGS
500
350
200
$600,000
$400,000
$200,000
05 06 07 08 09 10 11 12 13 14 15
05 06 07 08 09 10 11 12 13 1514
1st Q-2016 % Change 4th Q - 2015 % Change 1st Q - 2015
Average Sales Price $538,380 Up 2% $526,768 Up 7% $503,194
Average Price Per Sq Ft $249 0% $251 Up 7% $233
Median Sales Price $520,000 Down 1% $525,000 Up 9% $479,000
Listing Inventory (Active) 39 Down 29% 55 Down 13% 45
Number of Sales 101 0% 101 Up 38% 73
Median Days on Market 23 Up 5% 22 Up 21% 19
Absorption Rate (month to sell inventory)
1 month Down 33% 1.5 months Down 50% 2 months
DETACHED SALES 1st Q-2016 % Change 4th Q - 2015 % Change 1st Q - 2015
Average Sales Price $336,159 Up 4% $324,233 Up 2% $328,242
Average Price Per Sq Ft $245 0% $245 Up 11% $220
Median Sales Price $335,000 Up 5% $320,000 Up 3% $326,000
Listing Inventory (Active) 23 Down 28% 32 Down 36% 36
Number of Sales 47 Up 43% 31 Down 25% 63
Median Days on Market 14 Down 33% 21 Down 48% 27
Absorption Rate (month to sell inventory)
1.5 months Down 50% 3 months 0% 1.5 months
ATTACHED SALES
PAST 10 YEARS
AVERAGE SALES PRICE NUMBER OF SALES
91913 EAST CHULAVISTA
91914 ROLLING HILLS,CHULA VISTA
1st Q-2016 % Change 4th Q - 2015 % Change 1st Q - 2015
Average Sales Price $743,148 Up 4% $712,956 Up 13% $655,306
Average Price Per Sq Ft $244 Down 1% $247 Up 5% $233
Median Sales Price $712,000 Up 14% $625,000 Up 19% $598,000
Listing Inventory (Active) 27 Down 48% 52 Up 13% 24
Number of Sales 47 Up 2% 46 Up 38% 34
Median Days on Market 38 Up 6% 36 Up 52% 25
Absorption Rate (month to sell inventory)
1.75 months Down 50% 3.5 months Down 13% 2 months
DETACHED SALES 1st Q-2016 % Change 4th Q - 2015 % Change 1st Q - 2015
Average Sales Price $342,633 Up 3% $331,698 Up 9% $313,281
Average Price Per Sq Ft $261 Down 4% $273 Up 9% $239
Median Sales Price $345,000 Up 3% $335,000 Up 10% $314,500
Listing Inventory (Active) 1 Down 83% 6 Down 86% 7
Number of Sales 15 0% 15 Down 6% 16
Median Days on Market 24 Up 100% 12 Up 71% 14
Absorption Rate (month to sell inventory)
.25 months Down 91% 3 months Down 81% 1.3 month
ATTACHED SALES
AVERAGE SALES PRICE NUMBER OF SALES
PAST 10 YEARS
... ABOUT THE MARKET
6MCMILLINREALTY.COM 1.800.599.8715
E ncompassing Eastlake and Otay Ranch, this newer area of Chula Vista includes many community parks and pools. Most properties have Mello-Roos. Detached housing has broken through the $500,000 average sale price barrier and seems content to remain there for a while. Inventory moves quickly; only 1.5 months available. The condo market has strengthened, appreciating 10% year-over-year, now averaging $373,000, the
highest condo average in South County. Condos sell in about 4 weeks, about 12 changing hands every month.
L ocated just north of Chula Vista, along the bay, most of the National City housing was built prior to 1960. This area shouts “affordable!” with the lowest average detached sale price in South County... at $350,000... up 14% over last year. Not surprisingly, the detached housing has only 1.5 months of inventory available. The condo market’s average sale price has appreciated a
whopping 23% year-over-year,... and yet is still very affordable, under $300,000, but very few units available, with only 3 closing per month.
$700,000
$500,000
500
200
350
125
200
50
$450,000
$325,000
$200,000
$150,000
SAN DIEGONORTH INLAND
Mission SanLuis Rey
LegolandCalifornia
San Diego ZooSafari Park
FALLBROOK
ESCONDIDO
RANCHOBERNARDO
VISTA
VALLEYCENTER
JULIAN
PAUMAVALLEY
MT. PALOMAROBSERVATORY
SANMARCOS
TEMECULA
RAMONA
BORREGO SPRINGS
SAN DIEGONORTH INLAND
Mission SanLuis Rey
LegolandCalifornia
San Diego ZooSafari Park
FALLBROOK
ESCONDIDO
RANCHOBERNARDO
VISTA
VALLEYCENTER
JULIAN
PAUMAVALLEY
MT. PALOMAROBSERVATORY
SANMARCOS
TEMECULA
RAMONA
BORREGO SPRINGS
05 06 07 08 09 10 11 12 13 14 15
05 06 07 08 09 10 11 12 13 1514
1st Q-2016 % Change 4th Q - 2015 % Change 1st Q - 2015
Average Sales Price $525,157 Down 6% $540,777 Up 6% $496,788
Average Price Per Sq Ft $251 0% $250 Up 6% $236
Median Sales Price $506,000 Down 7% $545,000 Up 5% $484,000
Listing Inventory (Active) 29 Down 33% 43 Down 24% 38
Number of Sales 64 Down 23% 83 0% 62
Median Days on Market 35 Up 67% 21 Up 9% 32
Absorption Rate (month to sell inventory)
1.5 months 0% 1.5 months Down 25% 2 months
DETACHED SALES 1st Q-2016 % Change 4th Q - 2015 % Change 1st Q - 2015
Average Sales Price $373,465 Up 3% $361,854 Up 10% $339,299
Average Price Per Sq Ft $236 0% $236 Up 3% $229
Median Sales Price $370,000 Up 4% $357,500 Up 11% $332,000
Listing Inventory (Active) 25 Down 22% 32 Up 19% 21
Number of Sales 35 Down 20% 44 Down 20% 44
Median Days on Market 29 Up 12% 26 Up 20% 24
Absorption Rate (month to sell inventory)
2 months 0% 2 months Up 33% 1.5 months
ATTACHED SALES
PAST 10 YEARS
AVERAGE SALES PRICE NUMBER OF SALES
91915 EASTLAKE,CHULA VISTA
... ABOUT THE MARKET
91950 NATIONALCITY
1st Q-2016 % Change 4th Q - 2015 % Change 1st Q - 2015
Average Sales Price $350,482 Up 4% $338,326 Up 14% $307,028
Average Price Per Sq Ft $290 Up 7% $270 Up 17% $248
Median Sales Price $345,000 Down 1% $348,500 Up 10% $315,000
Listing Inventory (Active) 26 Up 73% 15 Up 8% 24
Number of Sales 49 Down 18% 60 0% 49
Median Days on Market 14 Down 18% 17 Down 18% 17
Absorption Rate (month to sell inventory)
1.5 months Up 100% .75 months 0% 1.5 months
DETACHED SALES 1st Q-2016 % Change 4th Q - 2015 % Change 1st Q - 2015
Average Sales Price $286,687 Up 32% $217,384 Up 23% $215,900
Average Price Per Sq Ft $223 Up 11% $201 Up 8% $207
Median Sales Price $306,750 Up 47% $208,000 Up 35% $227,500
Listing Inventory (Active) 4 Down 20% 5 Down 50% 8
Number of Sales 8 Down 38% 13 Down 20% 10
Median Days on Market 10 Down 41% 17 Down 29% 14
Absorption Rate (month to sell inventory)
1.5 months Up 50% 1 month Down 40% 2.5 months
ATTACHED SALES
AVERAGE SALES PRICE NUMBER OF SALES
PAST 10 YEARS
7MCMILLINREALTY.COM 1.800.599.8715
L ocated just northeast of Chula Vista, along SR 54, Paradise Hills detached housing appreciated a healthy 8% annually, and continues to remain quite affordable, averaging under $400,000. The condo market moves quickly... in 3 weeks, but pricing stabilized in 2015, averaging roughly $270,000. About 22 Paradise Hills properties sell each month, and
monthly inventories are just over 1 month, which is VERY low.
A small town annexed to the City of San Diego, along the US-Mexico border, San Ysidro is a truly bi-cultural community. Only about 6 units/month close escrow here. San Ysidro condos have had a spectacular real estate story the past few months. Condos boast the lowest average sale price anywhere in South County, at $233,000, and conversely, the highest year-over-year appreciation at a
whopping 37%. Notice they are hard to find, with only 1/3 month’s inventory. Single family homes average a low $400,000, and again, low inventory at 1/2 month.
$500,000
$500,000
200
80
125
55
50
30
$300,000
$325,000
$100,000
$150,000
SAN DIEGONORTH INLAND
Mission SanLuis Rey
LegolandCalifornia
San Diego ZooSafari Park
FALLBROOK
ESCONDIDO
RANCHOBERNARDO
VISTA
VALLEYCENTER
JULIAN
PAUMAVALLEY
MT. PALOMAROBSERVATORY
SANMARCOS
TEMECULA
RAMONA
BORREGO SPRINGS
SAN DIEGONORTH INLAND
Mission SanLuis Rey
LegolandCalifornia
San Diego ZooSafari Park
FALLBROOK
ESCONDIDO
RANCHOBERNARDO
VISTA
VALLEYCENTER
JULIAN
PAUMAVALLEY
MT. PALOMAROBSERVATORY
SANMARCOS
TEMECULA
RAMONA
BORREGO SPRINGS
... About the Market
05 06 07 08 09 10 11 12 13 14 15
05 06 07 08 09 10 11 12 13 1514
1st Q-2016 % Change 4th Q - 2015 % Change 1st Q - 2015
Average Sales Price $397,812 Up 10% $361,053 Up 8% $367,940
Average Price Per Sq Ft $287 Up 7% $262 Up 14% $252
Median Sales Price $400,000 Up 10% $363,000 Up 8% $370,500
Listing Inventory (Active) 17 Up 31% 13 Down 30% 23
Number of Sales 39 Down 2% 40 Up 30% 30
Median Days on Market 14 Down 44% 25 Down 50% 28
Absorption Rate (month to sell inventory)
1.5 months Down 50% 1 month Down 40% 2.5 months
DETACHED SALES 1st Q-2016 % Change 4th Q - 2015 % Change 1st Q - 2015
Average Sales Price $269,907 Down 2% $275,687 0% $270,264
Average Price Per Sq Ft $229 0% $228 Up 9% $210
Median Sales Price $277,500 Up 1% $275,000 Down 1% $280,000
Listing Inventory (Active) 10 Down 23% 13 Down 23% 13
Number of Sales 28 Down 28% 39 0% 28
Median Days on Market 24 Up 100% 12 Down 33% 18
Absorption Rate (month to sell inventory)
1 month 0% 1 month Down 33% 1.5 months
ATTACHED SALES
PAST 10 YEARS
AVERAGE SALES PRICE NUMBER OF SALES
92139 PARADISEHILLS
92173 SAN YSIDRO
1st Q-2016 % Change 4th Q - 2015 % Change 1st Q - 2015
Average Sales Price $400,000 Up 9% $367,055 Up 15% $348,636
Average Price Per Sq Ft $262 Up 2% $257 Up 5% $250
Median Sales Price $413,000 Up 11% $382,000 Up 18% $350,000
Listing Inventory (Active) 2 Down 78% 9 Down 50% 4
Number of Sales 13 Down 35% 20 Up 18% 11
Median Days on Market 41 Up 125% 18 Down 2% 42
Absorption Rate (month to sell inventory)
.5 months Down 60% 1.25 months
Down 50% 1 month
DETACHED SALES 1st Q-2016 % Change 4th Q - 2015 % Change 1st Q - 2015
Average Sales Price $233,857 Up 32% $176,600 Up 37% $170,163
Average Price Per Sq Ft $222 Up 6% $211 Up 4% $214
Median Sales Price $209,000 Up 26% $166,000 Up 20% $174,900
Listing Inventory (Active) 7 Up 17% 6 Down 8% 12
Number of Sales 7 Down 30% 10 Down 36% 11
Median Days on Market 14 Up 8% 3 Down 72% 50
Absorption Rate (month to sell inventory)
.33 months Down 83% 1.75 months Down 89% 3 months
ATTACHED SALES
AVERAGE SALES PRICE NUMBER OF SALES
PAST 10 YEARS
8MCMILLINREALTY.COM 1.800.599.8715
9MCMILLINREALTY.COM 1.800.599.8715
10MCMILLINREALTY.COM 1.800.599.8715