San Diego central coast is made up of Point Loma, Ocean Beach, Pacific Beach, and La Jolla (92037). The information below refers to residential property sales (Condos & Single Family homes) on the central coast.
We are almost half way through 2011 and residential property sales on the central coast have been steady compared to the same time last year. As you can see below we are almost even with the total number of sales so far.
| Time Frame | #of Properties | Avg. Sale Price | Avg. Price Per Sqft | #of days on market |
| YTD 2011 | 610 | $812,307.00 | $446.51 | 87 |
| YTD 2010 | 614 | $807,535.00 | $473.70 | 80 |
Along with the number of sales, the actual average sales price of the properties sold on San Diego’s central coast have remained consistent year over year.
Inventory Remains High
Even as sales have remained steady the number of home listed for sale continues to rise or at least rise faster than they can be sold. We can see this trend by comparing what has sold over the last 6 months versus what is currently “listed” for sale at this time.
Over the past 6 months (12/21/10 – 6/21/11) there have been 672 sales.
There are currently 942 active listings in the central coast market as of today.
At the current sales rate of 673 sales every 6 months, it will take close to 9 month to clear the inventory that is listed for sale. When looking at months of inventory as a gauge for the current market condition it tells me that we are still in a “buyer’s market” on the coast as potential buyers have many options to choose from.
