San Diego Real Estate
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San Diego Market Trends
Feel free to research current San Diego real estate market trends and find the best San Diego homes for sale. Search for new homes,, condos, townhomes and land, You can also see recent price reductions in San Diego Real Estate market. With our superior home search application, you change or filter out homes and easily find the best deals in San Diego. If you would like more details on any of these San Diego listings, just contact us through our website or by using our chatbot. You can also create and save a custom home search by clicking the starred “Save” button to register for a free account so that you can receive email alerts whenever new San Diego houses come on the market. With many years of experience in the San Diego real estate market, we know San Diego County and can give you guidance on the best neighborhoods based upon your lifestyle. Our goal is to provide you with friendly, knowledgeable and professional representation, so you want to become a client for life!San Diego Homes For Sale
Search for your San Diego dream home using our online tool! You Filter your search so you can easily find the best deals on San Diego County homes, condos town homes, or vacant land. When you find a home that you like you can easily save your search and favorite homes for later review. When you are ready to view at home, you can easily schedule a home showing. The San Diego real estate market has exploded in the second quarter of 2020 and there is no sign of slowing. With that being said, there has never been a better time to buy than right now.What’s My Home Worth in San Diego
If you are considering selling you San Diego home, we are more than happy to give you a free assessment of your home’s value. We do want to mention that you should be careful when giving up your information on the Internet. Companies like Zillow, Trulia and Realtor.com sell your information to numerous real estate agents and lenders.Our Privacy Policy
Our privacy policy states that you will only hear from a member of our team, your trusted resource. Our report uses so much more than in automated inaccurate report generated by many companies. We use our local knowledge and expertise along with public information as well as recent real estate sales.SanDiegoHomeValues Powered by Keller Williams Realty Home Listings
Since we sell homes throughout San Diego County, we often have our own listing of homes throughout San Diego County. Keep in mind that we are a team of agents working together throughout San Diego from Oceanside down to San Ysidro, and from the coastal areas to east county. CLICK HERE TO GET STARTEDSan Diego Real Estate Market Report Updated December 2020
-18.8%
One Year Change in Closed Sales All Properties
+ 14.7%
One Year Change in Median Sales Price All Properties
- 45.7%
One Year Change in Homes for Sale All Properties
December is normally one of the slowest months of the year but strong buyer demand across most segments of the market, buoyed by near-record low interest rates, continue to drive a healthy sales pace in the face of a new wave of COVID-19 infections and a softening jobs market.
Closed Home Sales
Closed Sales decreased 20.8 percent for Detached homes and 15.2 percent for Attached homes. Pending Sales decreased 15.8 percent for Detached homes but increased 1.8 percent for Attached homes. Inventory decreased 50.3 percent for Detached homes and 36.4 percent for Attached homes.
Median Sales Price
The Median Sales Price is San Diego was up 15.3 percent to $755,000 for Detached homes and 14.1 percent to $496,500 for Attached homes. Days on Market decreased 44.1 percent for Detached homes and 36.4 percent for Attached homes. Supply decreased 47.1 percent for Detached homes and 38.9 percent for Attached homes.
San Diego Mortgage Rates
With low San Diego mortgage rates and strong buyer demand in most market segments, the housing market of early 2021 looks to continue the trends we saw in the second half of 2020. Low inventory and multiple offers on in-demand properties and market segments are likely to remain common while the
market waits and hopes for a boost in new construction and a surge in home sellers to help provide more balance to the market.
San Diego Real Estate Market Report Updated September 2020
-3.6%
One Year Change in Closed Sales All Properties
+ 15.7%
One Year Change in Median Sales Price All Properties
- 44.8%
One Year Change in Homes for Sale All Properties
Vigorous buyer activity in San Diego County has continued into the fall, which is usually the start of the seasonal slowing of the housing market. With more robust buyer activity in the market this year and the continued constrained supply of homes for sale, speedy sales and multiple offers are likely to remain a common occurrence and will keep the housing market hot even when the weather is cooling.
Closed Home Sales
Closed Sales in San Diego decreased 3.9 percent for Detached homes and 2.9 percent for Attached homes. Pending Sales increased 5.6 percent for Detached homes and 22.6 percent for Attached homes. Inventory fell 53.0 percent for Detached homes and 28.3 percent for Attached homes.
Median Sales Price
The Median Sales Price was up 17.0 percent to $753,500 for Detached homes and 17.2 percent to $491,000 for Attached homes. Days on Market decreased 31.3 percent for Detached homes and 21.4 percent for Attached homes. Supply decreased 52.0 percent for Detached homes and 29.2 percent for Attached homes. While mortgage rates remain near record lows.
Other Housing Factors
The Mortgage Bankers Association reports that lending standards are tightening, which makes it a bit more difficult for some buyers to qualify. At the same time, unemployment remains substantially higher than a year ago due to COVID-19. Despite all this, buyers are out in full force this fall, showing resilience in the middle of a pandemic.
San Diego Real Estate Market Report Updated August 2020
+ 4.0%
One Year Change in Closed Sales All Properties
+ 11.9%
One Year Change in Median Sales Price All Properties
- 44.8%
One Year Change in Homes for Sale All Properties
In August, San Diego showings and pending sales remained at healthy levels while housing inventory remained limited, continuing the competitive bidding market we have seen in recent months. With the stock indexes at or near record highs as mortgage rates remain near record lows, signs point to a busy fall housing market.
Closed Home Sales
Closed Sales increased 3.0 percent for Detached homes and 6.0 percent for Attached homes. Pending Sales increased 23.5 percent for Detached homes and 27.8 percent for Attached homes. Inventory decreased 52.0 percent for Detached homes and 30.2 percent for Attached homes. The Median Sales Price was up 14.5 percent to $750,000 for Detached homes and 9.2 percent to $475,000 for Attached homes. Days on Market decreased 27.3 percent for Detached homes and 19.4 percent for
Attached homes. Supply decreased 50.0 percent for Detached homes and 34.6 percent for Attached homes.
As we look towards the fall, we usually see housing activity begin to slow a bit as the back-to-school season begins, but this year is far from normal. While uncertainty remains on what effects the upcoming elections and any seasonal resurgence of COVID-19 may have on the financial and housing markets, the healthy housing demand we see today will create significant tailwinds in the near term.
San Diego Real Estate Housing Supply Updated July 2020
+ 3.7%
One Year Change in Closed Sales All Properties
+ 10.3%
One Year Change in Median Sales Price All Properties
- 44.6%
One Year Change in Homes for Sale All Properties
San Diego’s real estate market has healthy buyer demand and a continued shortage of home supply.
Home Showing Activity
Showing activity in July remained substantially higher than a year before, and multiple offer situations are a frequent experience in San Diego and other markets. With the inventory of homes for sale still constrained, a competitive market for buyers shows little sign of waning.
Current San Diego Housing Numbers
Closed Sales increased 3.3 percent for Detached homes and 4.5 percent for Attached homes. Pending Sales increased 21.4 percent for Detached homes and 26.7 percent for Attached homes. Inventory decreased 51.8 percent for Detached homes and 28.9 percent for Attached homes. The Median Sales Price was up 11.5 percent to $730,000 for Detached homes and 7.4 percent to $467,000 for Attached homes. Days on Market decreased 3.4 percent for Detached homes and 3.7 percent for Attached homes. Supply fell 53.6 percent for Detached homes and 32.0 percent for Attached homes.
General Economic Conditions
While the number of unemployment insurance weekly initial claims have been far lower in recent weeks than their peak in March and April, more than 1 million new claims are still being filed each week, and more 31 million were claiming benefits in all programs as of early July, compared to fewer than 2million in July 2019. Despite this significant economic impact, homebuyers remain incredibly resilient. With mortgage rates remaining near-record-low levels and home purchase mortgage applications up from a year ago, high buyer activity is expected to continue into the late summer and early fall market.
San Diego Real Estate Housing Supply Updated June 2020
-6.7%
One Year Change in Closed Sales All Properties
+2.4%
One Year Change in Median Sales Price All Properties
-44.6%
One Year Change in Homes for Sale All Properties
While much of the country was working on a phased reopening of the economy in June, local San Diego real estate activity continued to strengthen from perevious months. Nationally, June showing activity as tracked by Showing time was up notably from the COVID-19 depressed levels in recent months but was also up from June 2019, reflecting pent-up demand by prospective home buyers.
Closed Home Sales
Closed Sales decreased 7.0 percent for Detached homes and 6.2 percent for Attached homes. Pending Sales increased 21.9 percent for Detached homes and 25.0 percent for Attached homes. Inventory decreased 50.5 percent for Detached homes and 31.5 percent for Attached homes.
The Median Sales Price was up 2.5 percent to $687,000 for Detached homes and 3.0 percent to $452,990 for Attached homes. Days on Market decreased 7.1 percent for Detached homes and 12.5 percent for Attached homes. Supply decreased 51.7 percent for Detached homes and 34.6 percent for Attached homes.
Home buyers in San Diego were active and sales were robust, seller activity continues to be a bit softer, with fewer homes being listed for sale than a year ago. Many housing experts believe sellers remain reluctant to list their homes due to continued concerns over COVID-19, which was beginning to see a resurgence in June. Until sellers regain confidence, housing inventory will continue to be constrained during what is expected to be an active summer selling season.
CoreLogic stated “home prices have largely gone up in the first months of the crisis as many sellers took homes off the market and left motivated buyers to fight it out for a limited number of properties.” This was especially true in San Diego County where the median home price climbed to near-record highs at $590,000 in May.
San Diego Real Estate Housing Updated July 2020
San Diego Real Estate Home Sales Hit a Record-Setting Rebound
Because of the worldwide health crisis, we had a pause in the economy this year, and the housing market was greatly impacted. Many have been awaiting to see some signs of a recovery. Based on the latest Existing Home Sales Report from the National Association of Realtors (NAR), June hit a much-anticipated record-setting rebound to ignite that spark.
According to NAR, home sales jumped 20.7% from May to a seasonally-adjusted annual rate of 4.72 million in June:
“Existing-home sales rebounded at a record pace in June, showing strong signs of a market turnaround after three straight months of sales declines caused by the ongoing pandemic…Each of the four major regions achieved month-over-month growth.”
This significant rebound is a major boost for the housing market and the U.S. economy. According to Lawrence Yun, Chief Economist for NAR, the momentum has the potential to continue on, too:
“The sales recovery is strong, as buyers were eager to purchase homes and properties that they had been eyeing during the shutdown…This revitalization looks to be sustainable for many months ahead as long as mortgage rates remain low and job gains continue.”
San Diego Mortgage Rates
With San Diego mortgage rates hitting an all-time low, dropping below 3% for the first time last week, potential home buyers are poised to continue taking advantage of this historic opportunity to buy. This fierce competition among buyers is contributing to home price increases as well, as more buyers are finding themselves in bidding wars in this environment. The report also notes:
“The median existing-home price for all housing types in June was $295,300, up 3.5% from June 2019 ($285,400), as prices rose in every region. June’s national price increase marks 100 straight months of year-over-year gains.”
You also indicates:
“Home prices rose during the lock down and could rise even further due to heavy buyer competition and a significant shortage of supply.”
The graph below shows home price increases by region, powered by low interest rates, pent-up demand, and a decline in inventory on the market. The graph below shows home price increases by region, powered by low interest rates, pent-up demand, and a decline in inventory on the market:
San Diego Home Buyers returning to the market is a great sign for the economy, as housing is still leading the way toward a recovery. If you’re ready to invest in San Diego Real Estate, let’s connect to make sure you have the best possible guide with you each step of the way.
San Diego Real Estate Monthly Market Updated May 2020
While the effects of COVID-19 in the broader economy continue, real estate activity is beginning to recover across much of the country, as well as in San Diego. According to Freddie Mac, mortgage rates have been below 3.3 percent for more than four weeks and are hovering near all-time lows, spurring strong interest by buyers and lifting showing activity up 4% nationally versus a year ago in the final week of May.
Closed Home Sales
Closed San Diego Home Sales decreased 44.5 percent for Detached homes and 49.8 percent for Attached homes. Pending Home Sales in San Diego decreased 7.5 percent for Detached homes and 8.3 percent for Attached homes. Inventory decreased 41.9 percent for Detached homes and 21.6 percent for Attached homes.
The Median Sales Price was up 1.2 percent to $662,675 for Detached homes and 1.2 percent to $435,000 for Attached homes. Days on Market decreased 17.2 percent for Detached homes and 18.5 percent for Attached homes. Supply decreased 39.3 percent for Detached homes and 24.0 percent for Attached homes.Buyers have been quicker to return to the housing market in force than sellers, who have been showing a bit more reluctance to list their homes than is typical for this time of year. But trends are improving and as states and localities continue to moderate their COVID-19 policies, real estate activity is expected to continue to improve in the coming weeks.
While the effects of COVID-19 in the broader economy continue, real estate activity is beginning to recover across much of the country, as well as in San Diego. According to Freddie Mac, mortgage rates have been below 3.3 percent for more than four weeks and are hovering near all-time lows, spurring strong interest by buyers and lifting showing activity up 4% nationally versus a year ago in the final week of May.
Closed San Diego Home Sales decreased 44.5 percent for Detached homes and 49.8 percent for Attached homes. Pending Home Sales in San Diego decreased 7.5 percent for Detached homes and 8.3 percent for Attached homes. Inventory decreased 41.9 percent for Detached homes and 21.6 percent for Attached homes.
San Diego The Median Sales Prices
The Median Sales Price was up 1.2 percent to $662,675 for Detached homes and 1.2 percent to $435,000 for Attached homes. Days on Market decreased 17.2 percent for Detached homes and 18.5 percent for Attached homes. Supply decreased 39.3 percent for Detached homes and 24.0 percent for Attached homes.Buyers have been quicker to return to the housing market in force than sellers, who have been showing a bit more reluctance to list their homes than is typical for this time of year. But trends are improving and as states and localities continue to moderate their COVID-19 policies, real estate activity is expected to continue to improve in the coming weeks.
San Diego Real Estate Monthly Market Update March 2020
- 3.3%
One Year Change in
Closed Sales
All Properties
+ 6.9%
One Year Change in
Median Sales Price
All Properties
- 32.5%
One Year Change in
Homes for Sale
All Properties
As the Coronavirus spread across San Diego and the rest of the country in March, the stock market started a decline in February and accelerated downward before recovering in the last week of the month. According to the California Association Of REALTORS, California’s housing market has begun to feel effects of Coronavirus as March home sales drop.
With volatility across all the financial markets, lenders began tightening underwriting standards and some buyers found they no longer were approved for a loan. Massive layoffs also shook the economy with 3.28 million initial jobless claims filed in a single week—the highest in history more than four times over.
Closed Home Sales
Closed Sales decreased 6.2 percent for Detached homes but increased 2.6 percent for Attached homes. Pending Sales decreased 17.7 percent for Detached homes and 22.1 percent for Attached homes.
Inventory decreased 37.0 percent for Detached homes and 22.6 percent for Attached homes.The Median Sales Price was up 8.0 percent to $680,000 for Detached homes and 8.1 percent to $454,000 for Attached homes. Days on Market decreased 25.7 percent for Detached homes and 31.4 percent for Attached homes.
Supply decreased 40.0 percent for Detached homes and 26.1 percent for Attached homes. While the effect of the Coronavirus is varied throughout the country, we are likely to see impacts to housing activity now and into the coming months. Its continued spread is leading many companies and consumers to change their daily activities.
San Diego Real Estate Monthly Market Update March 2020
- 3.3%
One Year Change in
Closed Sales
All Properties
+ 6.9%
One Year Change in
Median Sales Price
All Properties
- 32.5%
One Year Change in
Homes for Sale
All Properties
As the Coronavirus spread across San Diego and the rest of the country in March, the stock market started a decline in February and accelerated downward before recovering in the last week of the month. According to the California Association Of REALTORS, California’s housing market has begun to feel effects of Coronavirus as March home sales drop.
With volatility across all the financial markets, lenders began tightening underwriting standards and some buyers found they no longer were approved for a loan. Massive layoffs also shook the economy with 3.28 million initial jobless claims filed in a single week—the highest in history more than four times over.
San Diego Closed Home Sales
Closed Sales decreased 6.2 percent for Detached homes but increased 2.6 percent for Attached homes. Pending Sales decreased 17.7 percent for Detached homes and 22.1 percent for Attached homes.
Inventory decreased 37.0 percent for Detached homes and 22.6 percent for Attached homes.The Median Sales Price was up 8.0 percent to $680,000 for Detached homes and 8.1 percent to $454,000 for Attached homes. Days on Market decreased 25.7 percent for Detached homes and 31.4 percent for Attached homes.
Supply decreased 40.0 percent for Detached homes and 26.1 percent for Attached homes. While the effect of the Coronavirus is varied throughout the country, we are likely to see impacts to housing activity now and into the coming months. Its continued spread is leading many companies and consumers to change their daily activities.
San Diego Real Estate Housing Supply Update Feb. 2020
+18.8%
Price Range With
Strongest Pending Sales
$1,000,001 to $1,250,000
+12.5%
Home Size With Strongest
Pending Sales
2,001 to 3,000 Sq Ft
+7.8%
Home Type With Strongest
Pending Sales
Condos – Townhomes
Mortgage rates have been trending lower and are supposed to be a boost to home buyers. However, the declines in the stock market have both a psychological and practical impact for some prospective home buyers.
Everyone is keeping an eye on the spread of the Coronavirus and whether it begins to impact the overall economy, which would lead to a tempering of buyer activity in the future.
For the 12-month period spanning March 2019 through February 2020, Pending Sales in the San Diego were up 6.9 percent overall. The price range with the largest gain in sales was the $1,000,001 to $1,250,000 range, where they increased 18.8 percent. The overall Median Sales Price was up 3.0 percent to $587,000.
The property type with the largest price gain was the Single-Family Homes segment, where prices increased 2.7 percent to $657,000. The price range that tended to sell the quickest was the $250,001 to $500,000 range at 28 days; the price range that tended to sell the slowest was the $5,000,001 and Above range at 101 days. Market-wide, inventory levels were down 39.0 percent.
The property type with the smallest decline was the Condos – Townhomes segment, where they decreased 33.4 percent. That amounts to 1.4 months’ supply for Single-Family homes and 1.4 months’ supply for Condos.
SAN DIEGO (March 9, 2020) – Sales of previously owned homes ticked up in February, as did prices, according to housing statistics compiled through the San Diego Multiple Listing Service by the Greater San Diego Association of REALTORS®.
Single-family (detached) home sales in the past month edged up only about a half percent, while attached properties (condominiums and townhomes) saw a healthy 9 percent increase over January. Compared to last February, total home sales of detached and attached properties were up about 4 percent.
The median price of single-family homes in February was slightly higher than a month ago, standing at $677,000, and about 8 percent higher than a year ago. The median price of condos and townhomes, at $450,000, was 3 percent higher than January and more than 9 percent higher than a year ago.
“It’s still too early to predict the full economic impact of the ‘Coronavirus,’ but it can’t be denied that mortgage rates are about as low as you are going to find them,” said SDAR President Carla Farley. “Borrowers who lock in today’s low rates will benefit significantly in the long term.”
In February, the zip codes in San Diego County with the most single-family home sales were:
- 92028 (Fallbrook) with 40
- 91977 (Spring Valley) with 38
- 92065 (Ramona) with 35
- 92064 (Poway) with 31
- 92115 (College) with 30
The most expensive single-family property sold in February in San Diego County is an oceanfront property on Camino De La Costa in La Jolla. The 5,818 square foot, 5- bedroom home sold for $9.5 million and possibly will be considered for rebuilding.
SDAR’s San Diego Market Statistics are compiled monthly from the Multiple Listing Service (MLS).
MEDIAN SALES PRICE Comparing February 2020 to January 2020 (month over month)
- Single-Family: 1.0 percent INCREASE February 2020 = $677,000 January 2020 = $670,000
- Condos/Townhomes: 3.0 percent INCREASE February 2020 = $450,000 January 2020 = $437,000
MEDIAN SALES PRICE Comparing February 2020 to February 2019 (year over year)
- Single-Family: 8.3 percent INCREASE February 2020 = $677,000 February 2019 = $625,000
- Condos/Townhomes: 9.4 percent INCREASE February 2020 = $450,000 February 2019 = $411,500
TOTAL SOLD LISTINGS Comparing February 2020 to January 2020 (month over month)
- Single-Family: 0.4 percent INCREASE February 2020 = 1,370 January 2020 = 1,365
- Condos/Townhomes: 8.4 percent INCREASE February 2020 = 774 January 2020 = 714
TOTAL SOLD LISTINGS Comparing February 2020 to February 2019 (year over year)
- Single-Family: 0.7 percent INCREASE February 2020 = 1,370 February 2019 = 1,360
• Condos/Townhomes: 11.4 percent INCREASE February 2020 = 774 February 2019 = 695
