Spring 2016
Two Great Names One BETTER Company
How the benefit of two great
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 workout 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.
w w w. m c m i l l i n r e a l t y. c o m
What’s Happening at the Corner of Otay Lakes Road and H Street?
... ABOUT THE MARKET
91910
NORTH CHULA VISTA
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.
ATTACHED SALES
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
$256
Average Price Per Sq Ft
$240
Down 1%
$243
Up 9%
$221
Up 3%
$431,500
Median Sales Price
$297,250
Down 15%
$350,750
Down 6%
$316,000
59
Up 5%
59
Listing Inventory (Active)
13
Down 32%
19
Down 24%
17
Down 19%
111
Down 3%
93
Number of Sales
40
Up 25%
32
Up 25%
32
18
Down 22%
23
Down 28%
25
Median Days on Market
15
Down 40%
25
Down 46%
28
2 months
Up 25%
1.5 months
0%
2 months
Absorption Rate (month to sell inventory)
1 month
Down 50%
2 months
Down 33%
1.5 months
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%
Median Sales Price
$443,000
Down 2%
$450,000
Listing Inventory (Active)
62
Up 5%
Number of Sales
90
Median Days on Market Absorption Rate (month to sell inventory)
TEMECULA
PAUMA VALLEY
AVERAGE SALES PRICE
FALLBROOK
NUMBER OF SALES
MT. PALOMAR OBSERVATORY
VALLEY CENTER
$600,000
VISTA SAN MARCOS
Legoland California
350
SAN DIEGO NORTH INLAND
$350,000
ESCONDIDO
BORREGO SPRINGS
225
San Diego Zoo Safari Park
JULIAN
$100,000
100
RANCHO BERNARDO
RAMONA
05
06
07
08
09
10
11
12
13
14
15
PAST 10 YEARS
91911
R
SOUTHWEST CHULA VISTA
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.
ATTACHED SALES
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
$256
Average Price Per Sq Ft
$229
Down 2%
$234
Up 10%
$209
Up 8%
$385,000
Median Sales Price
$280,000
Up 8%
$260,000
Up 17%
$240,750
50
Down 12%
52
Listing Inventory (Active)
17
Down 15%
20
0%
17
Down 17%
103
Down 2%
87
Number of Sales
38
0%
38
Up 73%
22
23
Up 5%
22
Down 15%
27
Median Days on Market
18
Down 18%
22
Down 47%
34
1.5 months
0%
1.5 months
Down 25%
2 months
Absorption Rate (month to sell inventory)
1.5 months
0%
1.5 months
Down 40%
2.5 months
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%
Median Sales Price
$415,000
Down 2%
$425,000
Listing Inventory (Active)
46
Down 8%
Number of Sales
85
Median Days on Market Absorption Rate (month to sell inventory)
AVERAGE SALES PRICE
NUMBER OF SALES
$500,000
300
$300,000
200
$100,000
100 05
06
07
08
09
10
11
PAST 10 YEARS MCMILLINREALTY.COM
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1.800.599.8715
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... ABOUT THE MARKET
91902
BONITA
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.
ATTACHED SALES
DETACHED SALES
TEMECULA
1st Q-2016
% Change
4th Q - 2015
% Change
1st Q - 2015
Average Sales Price
$279,285
Up 20%
$230,722
Up 33%
$209,666
$269
Average Price Per Sq Ft
$253
Up 7%
$236
0%
$251
Up 2%
$596,500
Median Sales Price
$300,000
Up 33%
$225,000
Up 41%
$212,000
54
Up 29%
38
Listing Inventory (Active)
3
0%
3
Up 50%
2
Down 35%
55
0%
36
Number of Sales
7
Down 22%
9
Up 17%
6
0%
36
Down 20%
49
Median Days on Market
36
Up 176%
13
Up 100%
18
Up 33%
3 months
Up 33%
3 months
Absorption Rate (month to sell inventory)
1 month
0%
1 month
0%
1 month
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%
Median Sales Price
$608,500
0%
$600,000
Listing Inventory (Active)
49
Down 9%
Number of Sales
36
Median Days on Market
39
Absorption Rate (month to sell inventory)
4 months
PAUMA VALLEY
AVERAGE SALES PRICE
FALLBROOK
NUMBER OF SALES
MT. PALOMAR OBSERVATORY
VALLEY CENTER
$800,000
VISTA SAN MARCOS
Legoland California
120
SAN DIEGO NORTH INLAND
$500,000
ESCONDIDO
BORREGO SPRINGS
80
San Diego Zoo Safari Park
JULIAN
$200,000
20
RANCHO BERNARDO
RAMONA
05
06
07
08
09
10
11
12
13
14
15
PAST 10 YEARS
W
92154
SOUTH SAN DIEGO
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-persq-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.
ATTACHED SALES
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
$237
Average Price Per Sq Ft
$218
Up 1%
$220
Up 8%
$202
Up 16%
$375,000
Median Sales Price
$288,500
Up 3%
$279,000
Up 13%
$255,000
27
Up 6%
35
Listing Inventory (Active)
19
Up 36%
14
Up 36%
14
Down 31%
78
Down 33%
80
Number of Sales
30
Down 6%
32
Up 100%
15
19
Down 24%
25
Down 10%
21
Median Days on Market
18
Up 100%
9
Down 40%
30
2 months
Up 100%
1 month
Up 33%
1.5 month
Absorption Rate (month to sell inventory)
2 months
Up 60%
1.25 months Down 33%
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%
Median Sales Price
$436,250
Up 4%
$417,000
Listing Inventory (Active)
37
Up 37%
Number of Sales
54
Median Days on Market Absorption Rate (month to sell inventory)
AVERAGE SALES PRICE
3 months
NUMBER OF SALES
$600,000
400
$375,000
250
$150,000
150 05
06
07
08
09
10
11
PAST 10 YEARS MCMILLINREALTY.COM
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1.800.599.8715
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... ABOUT THE MARKET
92101
DOWNTOWN SAN DIEGO
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!
ATTACHED SALES
DETACHED SALES
TEMECULA
1st Q-2016
% Change
4th Q - 2015
% Change
1st Q - 2015
Average Sales Price
$575,406
Up 5%
$548,819
Down 4%
$596,433
$608
Average Price Per Sq Ft
$524
0%
$523
Up 2%
$513
NA
$815,000
Median Sales Price
$440,000
Down 2%
$450,500
Down 13%
$506,375
1
Down 75%
4
Listing Inventory (Active)
203
Down 5%
214
Down 9%
222
NA
1
NA
3
Number of Sales
193
Down 2%
196
Up 3%
188
NA
NA
166
NA
2
Median Days on Market
27
Up 13%
24
Down 16%
32
NA
NA
3 months
NA
4 months
Absorption Rate (month to sell inventory)
3 months
0%
3 months
Down 14%
3.5 months
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
Median Sales Price
NA
NA
$524,501
Listing Inventory (Active)
1
0%
Number of Sales
0
Median Days on Market Absorption Rate (month to sell inventory) PAUMA VALLEY
NUMBER OF SALES
AVERAGE SALES PRICE
FALLBROOK
MT. PALOMAR OBSERVATORY
VALLEY CENTER
$800,000
VISTA SAN MARCOS
Legoland California
800
SAN DIEGO NORTH INLAND
$500,000
ESCONDIDO
BORREGO SPRINGS
550
San Diego Zoo Safari Park
JULIAN
$200,000
300
RANCHO BERNARDO
RAMONA
05
06
07
08
09
10
11
12
13
14
15
PAST 10 YEARS
91932
T
IMPERIAL BEACH
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
ATTACHED SALES
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
$306
Average Price Per Sq Ft
$431
Up 31%
$330
Up 31%
$329
Up 4%
$450,000
Median Sales Price
$550,000
Up 37%
$400,000
Up 49%
$372,500
13
Up 160%
5
Listing Inventory (Active)
23
Down 44%
16
Up 21%
19
Down 36%
36
Up 4%
25
Number of Sales
30
Up 58%
19
Up 88%
18
13
Up 8%
12
Down 13%
15
Median Days on Market
9
Down 80%
46
Down 66%
27
1.5 months
Up 50%
1 month
Up 200%
.5 month
Absorption Rate (month to sell inventory)
2.5 months
0%
2.5 months
Down 17%
3 months
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%
Median Sales Price
$469,000
Up 4%
$450,000
Listing Inventory (Active)
13
0%
Number of Sales
26
Median Days on Market Absorption Rate (month to sell inventory)
AVERAGE SALES PRICE
NUMBER OF SALES
$600,000
100
$400,000
70
$200,000
40 05
06
07
08
09
10
11
PAST 10 YEARS MCMILLINREALTY.COM
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1.800.599.8715
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... ABOUT THE MARKET
91913
EAST CHULA VISTA
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.
ATTACHED SALES
DETACHED SALES
TEMECULA
1st Q-2016
% Change
4th Q - 2015
% Change
1st Q - 2015
Average Sales Price
$336,159
Up 4%
$324,233
Up 2%
$328,242
$233
Average Price Per Sq Ft
$245
0%
$245
Up 11%
$220
Up 9%
$479,000
Median Sales Price
$335,000
Up 5%
$320,000
Up 3%
$326,000
55
Down 13%
45
Listing Inventory (Active)
23
Down 28%
32
Down 36%
36
0%
101
Up 38%
73
Number of Sales
47
Up 43%
31
Down 25%
63
23
Up 5%
22
Up 21%
19
Median Days on Market
14
Down 33%
21
Down 48%
27
1 month
Down 33%
1.5 months
Down 50%
2 months
Absorption Rate (month to sell inventory)
1.5 months
Down 50%
3 months
0%
1.5 months
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%
Median Sales Price
$520,000
Down 1%
$525,000
Listing Inventory (Active)
39
Down 29%
Number of Sales
101
Median Days on Market Absorption Rate (month to sell inventory)
NUMBER OF SALES
AVERAGE SALES PRICE PAUMA VALLEY
FALLBROOK
MT. PALOMAR OBSERVATORY
500
$600,000 VALLEY CENTER
VISTA SAN MARCOS
Legoland California
SAN DIEGO $400,000 NORTH INLAND
BORREGO SPRINGS
350
ESCONDIDO
San Diego Zoo Safari Park
JULIAN
$200,000
200
RANCHO BERNARDO
RAMONA
05
06
07
08
09
10
11
12
13
14
15
PAST 10 YEARS
91914
T
ROLLING HILLS, CHULA VISTA
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.
ATTACHED SALES
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
$233
Average Price Per Sq Ft
$261
Down 4%
$273
Up 9%
$239
Up 19%
$598,000
Median Sales Price
$345,000
Up 3%
$335,000
Up 10%
$314,500
52
Up 13%
24
Listing Inventory (Active)
1
Down 83%
6
Down 86%
7
Up 2%
46
Up 38%
34
Number of Sales
15
0%
15
Down 6%
16
Up 6%
36
Up 52%
25
Median Days on Market
24
Up 100%
12
Up 71%
14
3.5 months
Down 13%
2 months
Absorption Rate (month to sell inventory)
.25 months
Down 91%
3 months
Down 81%
1.3 month
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%
Median Sales Price
$712,000
Up 14%
$625,000
Listing Inventory (Active)
27
Down 48%
Number of Sales
47
Median Days on Market
38
Absorption Rate (month to sell inventory)
1.75 months Down 50%
AVERAGE SALES PRICE
NUMBER OF SALES
$1,000,000
350
$650,000
225
$300,000
100 05
06
07
08
09
10
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PAST 10 YEARS MCMILLINREALTY.COM
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1.800.599.8715
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... ABOUT THE MARKET
91915
EASTLAKE, CHULA VISTA
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.
ATTACHED SALES
DETACHED SALES
TEMECULA
1st Q-2016
% Change
4th Q - 2015
% Change
1st Q - 2015
Average Sales Price
$373,465
Up 3%
$361,854
Up 10%
$339,299
$236
Average Price Per Sq Ft
$236
0%
$236
Up 3%
$229
Up 5%
$484,000
Median Sales Price
$370,000
Up 4%
$357,500
Up 11%
$332,000
43
Down 24%
38
Listing Inventory (Active)
25
Down 22%
32
Up 19%
21
Down 23%
83
0%
62
Number of Sales
35
Down 20%
44
Down 20%
44
35
Up 67%
21
Up 9%
32
Median Days on Market
29
Up 12%
26
Up 20%
24
1.5 months
0%
1.5 months
Down 25%
2 months
Absorption Rate (month to sell inventory)
2 months
0%
2 months
Up 33%
1.5 months
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%
Median Sales Price
$506,000
Down 7%
$545,000
Listing Inventory (Active)
29
Down 33%
Number of Sales
64
Median Days on Market Absorption Rate (month to sell inventory) PAUMA VALLEY
NUMBER OF SALES
AVERAGE SALES PRICE
FALLBROOK
MT. PALOMAR OBSERVATORY
VALLEY CENTER
$700,000
VISTA SAN MARCOS
Legoland California
500
SAN DIEGO NORTH INLAND
BORREGO SPRINGS
$450,000
ESCONDIDO
350
San Diego Zoo Safari Park
JULIAN
$200,000
200
RANCHO BERNARDO
RAMONA
05
06
07
08
09
10
11
12
13
14
15
PAST 10 YEARS
91950
L
NATIONAL CITY
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.
ATTACHED SALES
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
$248
Average Price Per Sq Ft
$223
Up 11%
$201
Up 8%
$207
Up 10%
$315,000
Median Sales Price
$306,750
Up 47%
$208,000
Up 35%
$227,500
15
Up 8%
24
Listing Inventory (Active)
4
Down 20%
5
Down 50%
8
Down 18%
60
0%
49
Number of Sales
8
Down 38%
13
Down 20%
10
Down 18%
17
Down 18%
17
Median Days on Market
10
Down 41%
17
Down 29%
14
Up 100%
.75 months
0%
1.5 months
Absorption Rate (month to sell inventory)
1.5 months
Up 50%
1 month
Down 40%
2.5 months
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%
Median Sales Price
$345,000
Down 1%
$348,500
Listing Inventory (Active)
26
Up 73%
Number of Sales
49
Median Days on Market
14
Absorption Rate (month to sell inventory)
1.5 months
AVERAGE SALES PRICE
NUMBER OF SALES
$500,000
200
$325,000
125
$150,000
50 05
06
07
08
09
10
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PAST 10 YEARS MCMILLINREALTY.COM
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1.800.599.8715
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... About the Market
92139
PARADISE HILLS
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.
ATTACHED SALES
DETACHED SALES
TEMECULA
1st Q-2016
% Change
4th Q - 2015
% Change
1st Q - 2015
Average Sales Price
$269,907
Down 2%
$275,687
0%
$270,264
$252
Average Price Per Sq Ft
$229
0%
$228
Up 9%
$210
Up 8%
$370,500
Median Sales Price
$277,500
Up 1%
$275,000
Down 1%
$280,000
13
Down 30%
23
Listing Inventory (Active)
10
Down 23%
13
Down 23%
13
Down 2%
40
Up 30%
30
Number of Sales
28
Down 28%
39
0%
28
14
Down 44%
25
Down 50%
28
Median Days on Market
24
Up 100%
12
Down 33%
18
1.5 months
Down 50%
1 month
Down 40%
2.5 months
Absorption Rate (month to sell inventory)
1 month
0%
1 month
Down 33%
1.5 months
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%
Median Sales Price
$400,000
Up 10%
$363,000
Listing Inventory (Active)
17
Up 31%
Number of Sales
39
Median Days on Market Absorption Rate (month to sell inventory) PAUMA VALLEY
NUMBER OF SALES
AVERAGE SALES PRICE
FALLBROOK
MT. PALOMAR OBSERVATORY
VALLEY CENTER
$500,000
VISTA SAN MARCOS
Legoland California
200
SAN DIEGO NORTH INLAND
$300,000
ESCONDIDO
BORREGO SPRINGS
125
San Diego Zoo Safari Park
JULIAN
$100,000
50
RANCHO BERNARDO
RAMONA
05
06
07
08
09
10
11
12
13
14
15
PAST 10 YEARS
92173
A
SAN YSIDRO
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.
ATTACHED SALES
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
$250
Average Price Per Sq Ft
$222
Up 6%
$211
Up 4%
$214
Up 18%
$350,000
Median Sales Price
$209,000
Up 26%
$166,000
Up 20%
$174,900
9
Down 50%
4
Listing Inventory (Active)
7
Up 17%
6
Down 8%
12
Down 35%
20
Up 18%
11
Number of Sales
7
Down 30%
10
Down 36%
11
Up 125%
18
Down 2%
42
Median Days on Market
14
Up 8%
3
Down 72%
50
Down 60%
1.25 months
Down 50%
1 month
Absorption Rate (month to sell inventory)
.33 months
Down 83%
1.75 months Down 89%
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%
Median Sales Price
$413,000
Up 11%
$382,000
Listing Inventory (Active)
2
Down 78%
Number of Sales
13
Median Days on Market
41
Absorption Rate (month to sell inventory)
.5 months
AVERAGE SALES PRICE
3 months
NUMBER OF SALES
$500,000
80
$325,000
55
$150,000
30 05
06
07
08
09
10
11
PAST 10 YEARS MCMILLINREALTY.COM
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15
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