By: Karl Bublitz On: April 10, 2024 In: Civita - Mission Valley, Lifestyle, Market Update Comments: 0
Know Your Homes True Value

April 2024 Housing Update – Civita in Mission Valley

Wow, what a crazy couple of months in Civita! There was a big increase in homes for sale, but almost all the new homes on the market went pending. There were 14 new listings in Civita over the last 60 days, and 10 of them went under contract. Everly accounted for 6 of the homes that went under contract. Homes under contract ranged from $999,000 to $1,371,786 and spent an average of 20 days on the market. There were 2 homes that sold, which incurred prices ranging from $1,100,000 to $1,320,000, with an average time of 31 days on the market. Currently, there are 5 homes available for purchase ranging from $999,999 to $1,588,000 with an average listing duration of 30 days.

The real estate sector is currently buzzing with anticipation over possible shifts in interest rates by the Federal Reserve in the coming months. While the initial proposal suggested multiple rate cuts for the year, recent indications hint at the likelihood of just one or two cuts, if any at all. Despite interest rates remaining relatively high, there is noticeable activity stirring throughout the market.

If you’re considering a relocation to or from Civita, our team is primed to provide exceptional guidance and assistance. We are committed to transforming your real estate aspirations into tangible outcomes. Feel free to reach out to us for tailor-made services crafted to fulfill your individual requirements.

Average Vs. Median Active Market Time

Average List to Sales Price (%)

Pending Listings

Number of Sales

New Listings

Active Listings

*All information is deemed reliable, but not guaranteed. Information obtained through the San Diego MLS on April, 10th 2024.

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