08May
By: Karl Bublitz On: May 8, 2024 In: Civita - Mission Valley, Lifestyle, Market Update Comments: 0
Know Your Homes True Value

April 2024 Housing Update – Civita in Mission Valley

What an eventful couple of months it has been in Civita’s housing market! Over the past 60 days, Civita saw the addition of 8 new listings, while an impressive 11 homes were snapped up by eager buyers. Notably, Everly contributed to 6 of these contracts.

The homes that went under contract ranged in price from $999,000 to $1,569,000, spending an average of just 17 days on the market. Meanwhile, 6 homes successfully closed deals during this period, fetching prices between $1,222,000 and $1,720,000, with an average time on the market of 31 days.

Presently, there are 8 homes available for purchase in Civita, with prices ranging from $739,000 to $1,799,000. These properties have been listed for an average of 28 days, showcasing the ongoing interest in the area’s real estate offerings.

Amidst this bustling market activity, attention is focused 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 the persistently high interest rates, the market continues to display notable vigor.

For those contemplating a move to or from Civita, our team stands 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 tailored to you.

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 May, 7th 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!