By: Karl Bublitz On: June 11, 2024 In: Civita - Mission Valley, Lifestyle, Market Update Comments: 0
Know Your Homes True Value

June 2024 Housing Update – Civita in Mission Valley

Inventory in Civita is on the rise! Over the past 60 days, Civita has welcomed 15 new listings, with 11 homes swiftly snapped up by eager buyers. Notably, Everly contributed to 6 of these contracts.

The homes that went under contract were priced between $1,169,000 and $1,799,000, spending an average of just 18 days on the market. Meanwhile, 11 homes successfully closed deals during this period, fetching prices from $999,000 to $1,720,000, with an average market time of 20 days.

Currently, 15 homes are available for purchase in Civita, with prices ranging from $1,000,000 to $1,699,000. These properties have been listed for an average of 22 days, reflecting the ongoing interest in the area’s real estate offerings.

Amidst this bustling market activity, all eyes are on potential shifts in interest rates by the Federal Reserve in the upcoming months. While initial proposals hinted at multiple rate cuts for the year, recent indications suggest the likelihood of just one or two cuts, if any at all. Despite persistently high interest rates, the market continues to display notable vigor.

For those considering a move to or from Civita, our team is ready to provide unparalleled guidance and support. We’re dedicated to turning your real estate aspirations into reality, offering personalized services tailored to your unique needs. Don’t hesitate to reach out to us for assistance.

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 June, 11th 2024.

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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!