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San Diego County Stats for April Prove Slow-down was by No Means a Take-down for Residential Real Es


April stats are in, and although total Pending and Closed sales are down compared to last year due to COVID-19, many other key indicators have actually improved this year over the same period in 2019.

As sellers and buyers sheltered (and real estate service providers scrambled to operate safely in the pandemic environment), inventory and sales volume slipped.

Surprising, most indicators remain positive and have improved over last year. Withdrawn listings are coming back on the market and new listings are emerging as sellers see this as a window of opportunity, particularly with an eager Buyer pool and fewer competing properties on the market to satisfy demand.

Highlights:

Year over year New Listings, Pendings and Solds declined sharply as the County was shut down in March. New listings have been increasing nearly every week in April. A growing number of Pending and Solds are following.

Compared to April 2019, Median Sales Price, Average Sales Price, Percent of Original Price Received were all higher this year than last year, and Days on Market has declined.

Further, the year to date statistics (January through April 30th) seem to indicate the slow-down was by no means a take-down for real estate.

Questioning whether this might be a good time for you to buy or sell a residential property? Give me a call and let's investigate together.

Enjoy your Sunday,

Tamara


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Tamara Zyhylij (za-haley) 

 

DRE# 01368097

CA Real Estate Broker
REALTOR, GRI, CNE, SRES, GREEN
Tamara Z Real Estate
Mobile/Direct: 619-865-1389
 

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Tamara Zyhylij is a real estate broker licensed by the State of California and abides by Equal Housing Opportunity laws. License Number 01368097.  All material presented herein is intended for informational purposes only. Information is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale or withdrawal without notice. No statement is made as to accuracy of any description. All measurements and square footages are approximate. This is not intended to solicit property already listed. Nothing herein shall be construed as legal, accounting or other professional advice outside the realm of real estate brokerage.

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