Real Estate Report presented by Tami McCraw

February 2020 Report

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


Median Price
$640,750
-0.7%
Average Price
$694,468
+0.3%
No. Sold
402
-22.2%
Pending Properties
676
+20.9%
Active
818
+18.0%
Sale/List Price Ratio
98.7%
+0.2%
Days on Market
48
+7.4%
Days of Inventory
61
+51.8%

Market Barometer

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Market Commentary

Average Sales Price Sets New High

The average sales price for single-family, re-sale homes set a new high of $834,671 in January. A gain of 12.1% year-over-year.

The median sales price for single-family, re-sale homes rose 9% year-over-year. That is the fourth month in a row the median sales price has been higher than the year before.

Home sales were up for the seventh month in a row, rising 10% year-over-year.

Inventory was up for the thirteenth month in a row. It rose 1.7% year-over-year. As of the 10th of February, there were 2,583 homes for sale.

Days of Inventory now stands at fifty-five. The average is 131.

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

The sales price to list price ratio was 98.5%. The National Association of REALTORS® considers a ratio of 95% to indicate a balanced market.

The median sales price for re-sale condos was flat from DecemberIt was up 7.3% year-over-year.

The average sales price was up 1.8% from December, and, it was up 7.7% from last January.

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

Condo sales jumped 22.4% over last January.

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

Inventory was up for the thirteenth month in a row. It rose 14.8% year-over-year. As of the 10th of February, there were 1,271 condos for sale.

Days of Inventory now stands at fifty-four. 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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