December 2023 Housing Update – Civita in Mission Valley
Happy Holidays! As we wrap up the year, the real estate scene is still a hot topic in economic chats. The buzz is that interest rates are gradually easing down, and there’s hope for the Fed to make some rate cuts next year. Understanding the nitty-gritty of the current market is key for anyone looking to buy or sell, ensuring those decisions are well-informed. In the next part, we’ll dive into the important numbers – property sale prices and inventory availability, giving you the lowdown on the real estate trends over the past 60 days. These insights are gold for everyone involved in the market.
In the last couple of months, Civita has been riding the wave of consistently low housing inventory, flaunting just five homes up for grabs right now. During this time, eight properties found new owners, and two more are in the pipeline with pending transactions. The sold homes went for prices between $1,010,000 and $1,735,000, hanging out on the market for an average of only 33 days. Now, the remaining five homes are on the market, priced between $1,529,000 and $1,759,000, with an average market time of 39 days.
Let’s kick off the new year by turning that dream home of yours into a reality. If you’re considering a move in Civita, don’t hesitate to hit us up for some expert advice and support. Cheers to a fantastic holiday season!
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 December, 5th 2023.