Real Estate Market Report

San Diego, CA 92128 - Rancho Bernardo

Condos/Townhomes

Open Your Next Transaction at Ticor Title | http://www.ticorsd.com


San Diego, CA 92128 - Rancho Bernardo

Sat Sep 07 2024
This week the median list price for San Diego, CA 92128 - Rancho Bernardo is $720,000 with the market action index hovering around 58. This is less than last month's market action index of 65. Inventory has increased to 51. Click here to stay informed with the San Diego market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

Market Narrative

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

San Diego, CA 92128 - Rancho Bernardo

Sat Sep 07 2024
This week the median list price for San Diego, CA 92128 - Rancho Bernardo is $720,000 with the market action index hovering around 58. This is less than last month's market action index of 65. Inventory has increased to 51. Click here to stay informed with the San Diego market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

Market Narrative

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the San Diego market.
Median List Price $720,000
Median Price of New Listings $737,000
Per Square Foot $617
Average Days on Market 45
Median Days on Market 21
Price Decreased 24%
Price Increased 4%
Relisted 22%
Inventory 51
Median Rent
Market Action 58
Strong Seller's Market

We continue to see prices in this zip code bouncing around this plateau. Look for a persistent up-shift in the Market Action Index before we see prices move from these levels.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$974,500 1,432 2.5 - 5 acres 3 2 38 3 1 31
$768,800 1,196 2.5 - 5 acres 2 2 39 4 1 14
$650,000 1,080 5 - 10 acres 2 2 42 3 1 14
$500,000 1,056 2.5 - 5 acres 2 2 31 2 2 28