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 (%)
Number of Sales
*All information is deemed reliable, but not guaranteed. Information obtained through the San Diego MLS on July, 7th 2023.