Ask McMillin Summer 16 Camille Bruno

... ABOUT THE MARKET

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1.800.599.8715

BERNARDO

RAMONA

... ABOUT THE MARKET

91910

NORTH CHULA VISTA

T

this northwest sector of Chula Vista has seen nice annual appreciation, 8% up in detached housing, 10% up in attached, and boasted 163 sales last quarter. The average condo unit is worth roughly $310,000, and detached home $515,000. Properties go to contract in about 2 weeks, with insufficient inventory, at 1 to 1.5 months. People are attracted to the advantages of this area: 1) Freeway close and 2) No Mello Roos.

ATTACHED SALES

DETACHED SALES

1st Q-2016

% Change

4th Q - 2015

% Change

1st Q - 2015

Average Sales Price

$308,062

Up 2%

$300,913

Up 10%

$280,725

$269

Average Price Per Sq Ft

$253

Up 5%

$240

Up 3%

$245

Up 8%

$460,000

Median Sales Price

$330,000

Up 11%

$297,250

Up 8%

$305,000

62

Down 4%

50

Listing Inventory (Active)

18

Up 38%

13

Up 38%

13

Up 46%

90

Up 14%

115

Number of Sales

32

Down 20%

40

Up 3%

31

16

Down 11%

18

Down 11%

18

Median Days on Market

15

No change

15

Up 50%

10

1 month

Down 50%

2 months

Down 33%

1.5 months

Absorption Rate (month to sell inventory)

1.5 months

Up 50%

1 month

Up 50%

1 month

1st Q-2016

% Change

4th Q - 2015

% Change

1st Q - 2015

Average Sales Price

$516,024

Up 8%

$479,438

Up 8%

$480,250.00

Average Price Per Sq Ft

$296

Up 4%

$285

Up 10%

Median Sales Price

$499,000

Up 13%

$443,000

Listing Inventory (Active)

48

Down 23%

Number of Sales

131

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

Mission San Luis Rey

VISTA SAN MARCOS

Legoland California

350

SAN DIEGO NORTH INLAND

BORREGO SPRINGS

$350,000

ESCONDIDO

225

San Diego Zoo Safari Park

JULIAN

$100,000

100

RANCHO BERNARDO

RAMONA

06

07

08

09

10

11

12

13

14

15

16

PAST 10 YEARS

S

91911

SOUTHWEST CHULA VISTA

outhwest Chula Vista, running from L St, south to Main and between the two freeways (5 and 805), continues to have the most affordable homes in Chula Vista, with the average detached housing at $445,000 (the lowest in Chula Vista) and attached at $294,000. Detached appreciated 8% year-over-year, and attached a handsome 14%. Properties go to contract in about 2 weeks.

Condos in this area are one third of the 91911 market, providing lots of living space for the lowest price per sqft in Chula Vista, at only $239/sqft

ATTACHED SALES

DETACHED SALES 1st Q-2016

% Change

4th Q - 2015

% Change

1st Q - 2015

1st Q-2016

% Change

4th Q - 2015

% Change

1st Q - 2015

Average Sales Price

$445,296

Up 3%

$429,772

Up 8%

$411,932

Average Sales Price

$294,433

No change

$294,503

Up 14%

$257,000

Average Price Per Sq Ft

$293

Up 3%

$285

Up 7%

$273

Average Price Per Sq Ft

$239

Up 4%

$229

Up 9%

$219

Median Sales Price

$435,000

Up 5%

$415,000

Up 6%

$410,000

Median Sales Price

$284,000

Up 1%

$280,000

Up 27%

$257,000

Listing Inventory (Active)

50

Up 8%

46

Up 6%

47

Listing Inventory (Active)

11

Down 35%

17

Down 50%

18

Number of Sales

131

Up 54%

85

Up 28%

102

Number of Sales

58

Up 52%

38

Up 49%

39

Median Days on Market

14

Down 39%

23

Down 22%

18

Median Days on Market

18

No change

18

Up 50%

12

Absorption Rate (month to sell inventory)

1 month

Down 33%

1.5 months

Down 33%

1.5 months

Absorption Rate (month to sell inventory)

.5 month

Up 67%

1.5 months

Down 67%

1.5 months

AVERAGE SALES PRICE

NUMBER OF SALES

$500,000

300

$300,000

200

$100,000

100 06

07

08

09

10

11

12

PAST 10 YEARS MCMILLINREALTY.COM

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1.800.599.8715

13

14

15

16

BERNARDO

RAMONA

... ABOUT THE MARKET

91902

BONITA

S

mall, exclusive,and rural just northeast of Chula Vista, detached housing average sale price of $692,000 is up a significant 12% over last year, and is the second-highest priced area in South County.

Detached homes have 3 months of inventory, attached only 1 month. Condos in Bonita are hard to come by, with only 2 active listings and selling about 2 condos each month. Condo average prices this quarter are deceiving because 6 of the 7 closed units were one or two bedroom units. The four bedroom condo that closed, sold for $385,000

ATTACHED SALES

DETACHED SALES

TEMECULA

1st Q-2016

% Change

4th Q - 2015

% Change

1st Q - 2015

Average Sales Price

$250,964

Down 10%

$279,285

Down 8%

$273,650

$264

Average Price Per Sq Ft

$242

Down 4%

$253

Up 7%

$226

Up 5%

$590,000

Median Sales Price

$238,000

Down 16%

$300,000

Down 10%

$277,500

49

Down 2%

48

Listing Inventory (Active)

2

Down 33%

3

Down 33%

3

Up 19%

36

Up 5%

41

Number of Sales

7

No change

7

Up 17%

6

29

Down 26%

39

Up 7%

27

Median Days on Market

8

Down 78%

36

Down 65%

23

3 months

Down 25%

4 months

Down 14%

3.5 months

Absorption Rate (month to sell inventory)

1 month

No change

1 month

Down 33%

1.5 months

1st Q-2016

% Change

4th Q - 2015

% Change

1st Q - 2015

Average Sales Price

$692,088

Up 11%

$624,690

Up 12%

$616,041

Average Price Per Sq Ft

$286

Up 6%

$269

Up 8%

Median Sales Price

$620,000

Up 20%

$608,500

Listing Inventory (Active)

47

Down 4%

Number of Sales

43

Median Days on Market Absorption Rate (month to sell inventory) PAUMA VALLEY

AVERAGE SALES PRICE

FALLBROOK

NUMBER OF SALES

MT. PALOMAR OBSERVATORY

VALLEY CENTER

$800,000

Mission San Luis Rey

VISTA SAN MARCOS

Legoland California

120

SAN DIEGO NORTH INLAND

BORREGO SPRINGS

$500,000

ESCONDIDO

80

San Diego Zoo Safari Park

JULIAN

$200,000

20

RANCHO BERNARDO

RAMONA

06

07

08

09

10

11

12

13

14

15

16

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 $434,000, up 4% year-over-year, with houses going to contract in roughly 2 weeks. Attached housing is averaging $283,000, up a healthy 9% annually. With only 1 month of inventory on the market, buyers have to act fast. Freeways 5, 805 and 905 make for quick commutes. And for those crossing to Mexico, the drive is only 5-10 minutes to the border.

ATTACHED SALES

DETACHED SALES 1st Q-2016

% Change

4th Q - 2015

% Change

1st Q - 2015

1st Q-2016

% Change

4th Q - 2015

% Change

1st Q - 2015

Average Sales Price

$434,636

Down 3%

$446,537

Up 4%

$418,753

Average Sales Price

$283,217

Up 3%

$276,480

Up 9%

$259,864

Average Price Per Sq Ft

$271

Up 3%

$263

Up 13%

$239

Average Price Per Sq Ft

$235

Up 8%

$218

Up 14%

$207

Median Sales Price

$425,000

Down 3%

$436,250

Up 3%

$414,000

Median Sales Price

$297,249

Up 3%

$288,500

Up 11%

$267,599

Listing Inventory (Active)

39

Up 5%

37

Up 15%

34

Listing Inventory (Active)

15

Down 21%

19

Up 15%

13

Number of Sales

100

Up 85%

54

Up 10%

91

Number of Sales

36

Up 20%

30

Up 6%

34

Median Days on Market

14

Down 26%

19

Down 26%

19

Median Days on Market

19

Up 6%

18

Up 111%

9

Absorption Rate (month to sell inventory)

1 month

Down 50%

2 months

No change

1 month

Absorption Rate (month to sell inventory)

1 month

Down 50%

2 months

No change

1 month

AVERAGE SALES PRICE

NUMBER OF SALES

$600,000

400

$375,000

250

$150,000

150 06

07

08

09

10

11

12

PAST 10 YEARS MCMILLINREALTY.COM

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1.800.599.8715

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15

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BERNARDO

RAMONA

... ABOUT THE MARKET

92101

DOWNTOWN SAN DIEGO

D

owntown San Diego is truly a story of the condominium market, with roughly 200 condos closing in 2nd quarter, and only two single family homes closing. The average condo sale price is now $612,000, up 1% over a year ago. Homeowners are happy that condos now go to contract in a short 3 weeks and inventory levels are under 3 months now. Be ready to pay urban prices, with the aver price/sqft at $537, a modest 1000 sqft condo runs well over $500,000.

Typically, just over 200 condos are on the market at any one time in the 92101 zip code.

ATTACHED SALES

DETACHED SALES

TEMECULA

1st Q-2016

% Change

4th Q - 2015

% Change

1st Q - 2015

Average Sales Price

$612,043

Up 6%

$575,406

Up 1%

$603,387

$262

Average Price Per Sq Ft

$537

Up 2%

$524

Up 3%

$523

Up 62%

$650,000

Median Sales Price

$505,750

Up 15%

$440,000

Up 5%

$482,500

1

Up 25%

4

Listing Inventory (Active)

212

Up 4%

203

Down 9%

233

NA

0

Up 100%

1

Number of Sales

276

Up 43%

193

No change

274

8

NA

NA

Down 76%

33

Median Days on Market

21

Down 18%

27

Down 22%

27

1 month

NA

NA

Down 92%

12 months

Absorption Rate (month to sell inventory)

2.5 months

Down 17%

3 months

No change

2.5 months

1st Q-2016

% Change

4th Q - 2015

% Change

1st Q - 2015

Average Sales Price

$1,055,000

NA

NA

Up 62%

$650,000

Average Price Per Sq Ft

$593

NA

NA

Up 126%

Median Sales Price

$1,055,000

NA

NA

Listing Inventory (Active)

5

Up 400%

Number of Sales

2

Median Days on Market Absorption Rate (month to sell inventory) PAUMA VALLEY

AVERAGE SALES PRICE

FALLBROOK

NUMBER OF SALES

MT. PALOMAR OBSERVATORY

VALLEY CENTER

$800,000

Mission San Luis Rey

VISTA SAN MARCOS

Legoland California

800

SAN DIEGO NORTH INLAND

BORREGO SPRINGS

$500,000

ESCONDIDO

550

San Diego Zoo Safari Park

JULIAN

$200,000

300

RANCHO BERNARDO

RAMONA

06

07

08

09

10

11

12

13

14

15

16

PAST 10 YEARS

T

91932

IMPERIAL BEACH

his oceanfront community, undergoing major downtown improvements, is a continuing success story. Detached appreciation is at 7% over 2015, with the average sale price slightly lower than last quarter, at roughly $450,000. The big story is condos! Up a whopping 68% over 2015, condo sale prices are now averaging $432,000, the highest in all of South County. 21 condos are on the market. A studio condo on Donax closed at $130,000 and a 3 BR oceanfront closed escrow at a mighty $1,450,000. Wow. What a variety!

ATTACHED SALES

DETACHED SALES 1st Q-2016

% Change

4th Q - 2015

% Change

1st Q - 2015

1st Q-2016

% Change

4th Q - 2015

% Change

1st Q - 2015

Average Sales Price

$447,848

Down 11%

$490,653

Up 7%

$418,753

Average Sales Price

$432,983

Down 12%

$490,531

Up 68%

$259,864

Average Price Per Sq Ft

$380

Up 6%

$359

Up 59%

$239

Average Price Per Sq Ft

$388

Down 10%

$431

Up 87%

$207

Median Sales Price

$453,500

Down 3%

$469,000

Up 9%

$414,000

Median Sales Price

$385,000

Down 30%

$550,000

Up 44%

$267,599

Listing Inventory (Active)

11

Down 15%

13

Down 7%

34

Listing Inventory (Active)

21

Down 9%

23

Up 61%

13

Number of Sales

28

Up 8%

26

Down 69%

91

Number of Sales

18

Down 40%

30

Down 47%

34

Median Days on Market

19

Up 46%

13

No change

19

Median Days on Market

25

Up 177%

9

Up 178%

9

Absorption Rate (month to sell inventory)

1 month

Down 33%

1.5 months

No change

1 month

Absorption Rate (month to sell inventory)

3.5 months

Up 40%

2.5 months

Up 250%

1 month

AVERAGE SALES PRICE

NUMBER OF SALES

$600,000

100

$400,000

70

$200,000

40 06

07

08

09

10

11

12

PAST 10 YEARS MCMILLINREALTY.COM

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1.800.599.8715

13

14

15

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BERNARDO

RAMONA

... ABOUT THE MARKET

91913

EAST CHULA VISTA

S

itting in northeast Chula Vista, east of 805, 91913 is the zip with the most properties sold this quarter, averaging 70 closings per month. Detached housing accelerated 8% in average sale price annually, to $552,000; attached housing experienced a healthy 10% increase, to $324,000. Inventory remains low with only a 1 month supply of homes on the market.

Properties go to contract in 2-3 weeks. Interestingly, price-per-sq-ft for detached is the lowest in ALL of South County at $251/sq ft. Want a great area for a big family? This is your spot.

ATTACHED SALES

DETACHED SALES

TEMECULA

1st Q-2016

% Change

4th Q - 2015

% Change

1st Q - 2015

Average Sales Price

$324,101

Down 4%

$336,159

Up 10%

$294,984

$239

Average Price Per Sq Ft

$256

Up 5%

$245

Up 17%

$240

Up 5%

$506,000

Median Sales Price

$330,000

Down 1%

$335,000

Up 16%

$285,000

39

Down 12%

60

Listing Inventory (Active)

29

Up 26%

23

Down 19%

36

Up 33%

101

Up 5%

128

Number of Sales

79

Up 68%

47

Up 25%

63

14

Down 39%

23

Down 12%

16

Median Days on Market

24

Up 71%

14

Up 50%

16

1 month

No change

1 month

Down 33%

1.5 months

Absorption Rate (month to sell inventory)

1 month

Down 33%

1.5 months

Down 33%

1.5 months

1st Q-2016

% Change

4th Q - 2015

% Change

1st Q - 2015

Average Sales Price

$552,559

Up 3%

$538,380

Up 8%

$509,822

Average Price Per Sq Ft

$251

Up 1%

$249

Up 5%

Median Sales Price

$533,500

Up 3%

$520,000

Listing Inventory (Active)

53

Up 36%

Number of Sales

134

Median Days on Market Absorption Rate (month to sell inventory)

AVERAGE SALES PRICE

NUMBER OF SALES

PAUMA VALLEY

FALLBROOK

MT. PALOMAR OBSERVATORY

$600,000

500

VALLEY CENTER

Mission San Luis Rey

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

06

07

08

09

10

11

12

13

14

15

16

PAST 10 YEARS

N

91914

ROLLING HILLS, CHULA VISTA

ortheast Chula Vista, this 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 $792,000, up a huge 18% from 12 months ago. Listing inventory is shrinking, now at roughly 2 months. Market time is just 3 short weeks, not bad for such high-end homes. Condos in this area are gobbled up quickly, in about 10 days. Only 5 on the market, with an attractive selling price of about $360,000, half of what the detached homes go for in 91914.

ATTACHED SALES

DETACHED SALES 1st Q-2016

% Change

4th Q - 2015

% Change

1st Q - 2015

1st Q-2016

% Change

4th Q - 2015

% Change

1st Q - 2015

Average Sales Price

$792,649

Up 7%

$743,148

Up 18%

$669,549

Average Sales Price

$360,571

Up 5%

$342,633

Up 9%

$331,831

Average Price Per Sq Ft

$252

Up 3%

$244

Down 33%

$375

Average Price Per Sq Ft

$268

Up 3%

$261

Up 9%

$246

Median Sales Price

$708,000

Down 1%

$712,000

Up 17%

$605,000

Median Sales Price

$361,000

Up 5%

$345,000

Up 6%

$338,000

Listing Inventory (Active)

26

Down 4%

27

Down 40%

43

Listing Inventory (Active)

5

up 400%

1

Up 150%

2

Number of Sales

45

Down 4%

47

Down 24%

59

Number of Sales

14

Down 67%

15

Down 26%

19

Median Days on Market

23

Down 39%

38

Up 5%

22

Median Days on Market

10

Down 58%

24

Down 29%

14

Absorption Rate (month to sell inventory)

2 months

Up 14%

1.75 months

No change

2 months

Absorption Rate (month to sell inventory)

1 month

Up 300%

.25 months

Up 100%

1/2 month

AVERAGE SALES PRICE

NUMBER OF SALES

$1,000,000

350

$650,000

225

$300,000

100 06

07

08

09

10

11

12

PAST 10 YEARS MCMILLINREALTY.COM

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1.800.599.8715

13

14

15

16

RANCHO BERNARDO

RAMONA

... 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 is now averaging a $550,000 sale price, up 3% over 2015. Inventory moves in a short 2 weeks, with only 1 month of inventory available. The condo market has strengthened, appreciating 8% year-over-year, now averaging $379,000. Condos sell in about 3 weeks and a small 1-month inventory is typically available

ATTACHED SALES

DETACHED SALES

TEMECULA

1st Q-2016

% Change

4th Q - 2015

% Change

1st Q - 2015

Average Sales Price

$379,916

Up 2%

$373,465

Up 8%

$350,244

$250

Average Price Per Sq Ft

$247

Up 5%

$236

Up 5%

$236

Up 9%

$477,500

Median Sales Price

$380,000

Up 3%

$370,000

Up 9%

$350,000

29

Down 26%

42

Listing Inventory (Active)

18

Down 28%

25

Down 33%

27

Up 62%

64

Up 18%

88

Number of Sales

66

Up 89%

35

Up 24%

53

15

Down 57%

35

Down 21%

19

Median Days on Market

18

Down 3%

29

Up 28%

14

1 month

Down 33%

1.5 months

Down 33%

1.5 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

$552,780

Up 5%

$525,157

Up 3%

$507,155

Average Price Per Sq Ft

$262

Up 5%

$251

Up 5%

Median Sales Price

$520,000

Up 3%

$506,000

Listing Inventory (Active)

31

Up 7%

Number of Sales

104

Median Days on Market Absorption Rate (month to sell inventory) PAUMA VALLEY

AVERAGE SALES PRICE

FALLBROOK

NUMBER OF SALES

MT. PALOMAR OBSERVATORY

VALLEY CENTER

$700,000

Mission San Luis Rey

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

06

07

08

09

10

11

12

13

14

15

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PAST 10 YEARS

L

91950

NATIONAL CITY

ocated just northwest of Chula Vista, along the bay, most of National City’s housing was built prior to 1960. This area shouts “affordable!” with the lowest average detached sale price in South County... at $363,000...enjoying 12% appreciation over 2015. Not surprisingly, the detached housing has only 1/2 month’s of inventory available. The condo market’s average sale price at $207,500 is incredibly affordable... but act fast to purchase as only 3 to 5 units are on the market at any one time. Condos go to contract in a speedy one week.

ATTACHED SALES

DETACHED SALES 1st Q-2016

% Change

4th Q - 2015

% Change

1st Q - 2015

1st Q-2016

% Change

4th Q - 2015

% Change

1st Q - 2015

Average Sales Price

$363,178

Up 4%

$350,482

Up 12%

$323,642

Average Sales Price

$207,500

Down 3%

$286,687

Up 2%

$202,790

Average Price Per Sq Ft

$316

Up 9%

$290

Up 19%

$274

Average Price Per Sq Ft

$271

Up 21%

$223

Up 33%

$203

Median Sales Price

$358,250

Up 4%

$345,000

Up 5%

$340,000

Median Sales Price

$155,000

Down 49%

$306,750

Down 24%

$204,500

Listing Inventory (Active)

12

Down 46%

26

Down 48%

27

Listing Inventory (Active)

3

Down 25%

4

Down 57%

7

Number of Sales

50

Up 2%

49

Down 15%

59

Number of Sales

11

Up 38%

8

Up 10%

10

Median Days on Market

19

Up 36%

14

Up 73%

11

Median Days on Market

8

Down 20%

10

Down 72%

29

Absorption Rate (month to sell inventory)

.5 months

Down 67%

1.5 months

Down 67%

1.5 months

Absorption Rate (month to sell inventory)

1 month

Down 33%

1.5 months

Down 50%

2 months

AVERAGE SALES PRICE

NUMBER OF SALES

$500,000

200

$325,000

125

$150,000

50 06

07

08

09

10

11

12

PAST 10 YEARS MCMILLINREALTY.COM

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1.800.599.8715

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BERNARDO

RAMONA

... ABOUT THE MARKET

92139

PARADISE HILLS

L

ocated just northeast of Chula Vista, along SR 54, Paradise Hills is a community within the city limits of San Diego. Detached housing appreciated a strong 11% annually, and continues to remain quite affordable, averaging under $410,000. Both the detached and attached properties go to contract in a fast 2 weeks. Condos are up 16% over 2015, with only 1/2 month’s inventory... extremely low. The average sale price of $300,000 continues to be about the lowest in South County. With a 1200 sq ft condo selling in the $300,000 range, buyers get a lot of house for the money.

ATTACHED SALES

DETACHED SALES

TEMECULA

1st Q-2016

% Change

4th Q - 2015

% Change

1st Q - 2015

Average Sales Price

$305,263

Up 13%

$269,907

Up 16%

$264,136

$258

Average Price Per Sq Ft

$236

Up 3%

$229

Up 10%

$215

Up 15%

$362,500

Median Sales Price

$327,500

Up 18%

$277,500

Up 30%

$251,000

17

Down 25%

16

Listing Inventory (Active)

7

Down 30%

10

Down 13%

8

No change

39

Down 19%

48

Number of Sales

30

Up 7%

28

Down 9%

33

16

Up 14%

14

Down 16%

19

Median Days on Market

13

Down 46%

24

Down 19%

16

1 month

Down 33%

1.5 months

No change

1 month

Absorption Rate (month to sell inventory)

.5 month

Down 50%

1 month

Down 50%

1 month

1st Q-2016

% Change

4th Q - 2015

% Change

1st Q - 2015

Average Sales Price

$409,963

Up 3%

$397,812

Up 11%

$368,060

Average Price Per Sq Ft

$282

Down 17%

$287

Up 9%

Median Sales Price

$415,000

Up 4%

$400,000

Listing Inventory (Active)

12

Down 29%

Number of Sales

39

Median Days on Market Absorption Rate (month to sell inventory) PAUMA VALLEY

AVERAGE SALES PRICE

FALLBROOK

NUMBER OF SALES

MT. PALOMAR OBSERVATORY

VALLEY CENTER

$500,000

Mission San Luis Rey

VISTA SAN MARCOS

Legoland California

200

SAN DIEGO NORTH INLAND

BORREGO SPRINGS

$300,000

ESCONDIDO

125

San Diego Zoo Safari Park

JULIAN

$100,000

50

RANCHO BERNARDO

RAMONA

06

07

08

09

10

11

12

13

14

15

16

PAST 10 YEARS

A

92173

SAN YSIDRO

small town annexed to the City of San Diego, along the US-Mexico border, only about 7 units/month close escrow here. Detached housing is up a significant 20% over 2015 (highest appreciation for all South County detached), with an average sale price of $430,000. San Ysidro condos boast the lowest average sale price anywhere in South County, at $209,000, and and have enjoyed a 14% rise year-over-year. Their inventory level dropped from a high 7 months in 2015 to only 2 months currently. Detached properties go to contract in 2 weeks, attached in 4 weeks.

ATTACHED SALES

DETACHED SALES 1st Q-2016

% Change

4th Q - 2015

% Change

1st Q - 2015

1st Q-2016

% Change

4th Q - 2015

% Change

1st Q - 2015

Average Sales Price

$430,351

Up 7%

$400,000

Up 20%

$358,733

Average Sales Price

$209,345

Down 10%

$233,857

Up 14%

$184,114

Average Price Per Sq Ft

$267

Up 2%

$262

Up 15%

$233

Average Price Per Sq Ft

$251

Up 13%

$222

Up 23%

$204

Median Sales Price

$426,659

Up 3%

$413,000

Up 17%

$365,000

Median Sales Price

$220,000

Up 5%

$209,000

Up 29%

$170,000

Listing Inventory (Active)

7

Up 250%

2

Up 40%

5

Listing Inventory (Active)

7

No change

7

Down 56%

16

Number of Sales

9

Down 31%

13

Down 40%

15

Number of Sales

11

Up 57%

7

Up 57%

7

Median Days on Market

16

Down 61%

41

Up 33%

12

Median Days on Market

34

Up 143%

14

Up 3%

33

Absorption Rate (month to sell inventory)

2 months

Up 300%

1/2 months

Up 100%

1 month

Absorption Rate (month to sell inventory)

2 months

Up 506%

1/3 month

Down 628%

7 months

AVERAGE SALES PRICE

NUMBER OF SALES

$500,000

80

$325,000

55

$150,000

30 06

07

08

09

10

11

12

PAST 10 YEARS MCMILLINREALTY.COM

8

1.800.599.8715

13

14

15

16

... ABOUT THE MARKET

MCMILLINREALTY.COM

9

1.800.599.8715

... ABOUT THE MARKET

MCMILLINREALTY.COM

10

1.800.599.8715