February 2020 Report
Single Family Homes in North County Inland, All Cities, All Neighborhoods Change >
Average Price$694,468
+0.3%
Pending Properties676
+20.9%
Sale/List Price Ratio98.7%
+0.2%
Days of Inventory61
+51.8%
Trends at a Glance
| Trends At a Glance |
Jan 2020 |
Previous Month |
Year-over-Year |
| Median Price |
$640,750 (-0.7%) |
$645,000 |
$607,500 (+5.5%) |
| Average Price |
$694,468 (+0.3%) |
$692,436 |
$636,900 (+9.0%) |
| No. of Sales |
402 (-22.2%) |
517 |
329 (+22.2%) |
| Pending |
676 (+20.9%) |
559 |
498 (+35.7%) |
| Active |
818 (+18.0%) |
693 |
783 (+4.5%) |
| Sale vs. List Price |
98.7% (+0.2%) |
98.5% |
97.9% (+0.8%) |
| Days on Market |
48 (+7.4%) |
45 |
49 (-2.8%) |
| Days of Inventory |
61 (+51.8%) |
40 |
71 (-14.5%) |
Market Commentary
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 December. It 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.