08Aug
By: Karl Bublitz On: August 8, 2023 In: Civita - Mission Valley, Lifestyle, Market Update Comments: 0
Know Your Homes True Value

August 2023 Housing Market – Civita in Mission Valley

Civita’s inventory has reached a new record low in the past 60 days, with only three homes currently available for purchase. During this period, six homes were sold, and three homes are pending sale. The sold properties had a price range of $960,000 to $1,200,000 and spent an average of just 76 days on the market. The three homes currently for sale are priced between $1,084,000 and $1,769,000 and have an average market time of 51 days.

The market landscape has experienced a significant shift recently, largely influenced by a couple of homes. One of these homes remained listed for over 200 days. In the Civita area, properties are taking slightly longer to sell, which could be attributed to their higher price range. Notably, two listings are priced above 1.6 million, and considering today’s interest rates, this has narrowed the potential pool of buyers.

However, homes priced around 1 million are still in high demand and are being sold swiftly. Remarkably, the average time on the market for the three pending sales is just 7 days. Prospective buyers are actively searching, and correctly positioning and pricing your home can lead to a quick sale.

If you’re contemplating the sale or purchase of a property in Civita, feel free to contact us for expert assistance.

Average Vs. Median Active Market Time

Average List to Sales Price (%)

Pending Listings

Number of Sales

New Listings

Active Listings

And Always Remember, It Matters Who You Work With!

Give me a call today at (240) 461-7361 or email me at Karl@livingthesandiegolife.com for more information or to schedule a tour of the neighborhood!