07Nov
By: Karl Bublitz On: November 7, 2023 In: Civita - Mission Valley, Lifestyle, Market Update Comments: 0
Know Your Homes True Value

November 2023 Housing Update – Civita in Mission Valley

As we enter the final quarter of 2023, the real estate market continues to be a focal point in economic discussions. The interplay of supply and demand, influenced by various external factors, has defined a market landscape that presents both challenges and opportunities. It is crucial for potential buyers and sellers to understand the nuanced dynamics of the current market in order to make informed decisions. In the following section, we will delve into key metrics, including property sale prices and inventory availability, providing a comprehensive overview of the trends observed in the real estate market over the past 60 days. These insights will be valuable for all stakeholders in the market.

Over the last two months, Civita has experienced a consistently low housing inventory, with only four homes currently listed for sale. In this period, six properties have been successfully sold, and an additional three are in the process of pending transactions. The sold homes fetched prices ranging from $980,000 to $1,735,000, spending an average of just 37 days on the market. As for the two remaining homes currently available, they are listed between $1,049,800 and $1,678,000, with an average time on the market of 40 days.

If you’re contemplating buying or selling in Civita, feel free to reach out to us for expert guidance and 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 November, 7th 2023.

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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!