October 2023 Housing Update – Civita in Mission Valley
As we step into the last quarter of 2023, the real estate market remains a central topic in economic conversations. The ever-changing dance between supply and demand, influenced by various external factors, has shaped a market environment that presents both challenges and opportunities. It is imperative for prospective buyers and sellers alike to grasp the nuanced intricacies of the present market to make well-informed choices. In the following section, we will explore key metrics, ranging from property sale prices to inventory availability, offering a comprehensive view of the trends observed in the real estate market over the last 60 days. These insights will prove valuable to all those involved in the market.
Over the past two months, Civita has experienced a persistently low housing inventory, with only two homes currently on the market for sale. During this timeframe, eight properties have been successfully sold, and an additional four are in the process of pending transactions. The sold homes commanded prices spanning from $975,000 to $1,575,000, spending an average of only 16 days on the market. As for the two remaining homes currently available, they are listed between $1,599,900 and $1,738,000, with an average market presence of 17 days.
If you’re considering a property transaction in Civita, don’t hesitate to reach out to us for expert guidance and support. Our team is here to help you navigate this competitive market successfully.
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 October, 4th 2023.