The Clements Group Market Report
Poway, CA 92064
Single-Family Homes
Berkshire Hathaway HomeServices California Properties | www.ClementsGroupRE.com
Poway, CA 92064
Tue Mar 02 2021
This week the median list price for Poway, CA 92064 is $1,575,000 with the market action index hovering around 73. This is an increase over last month's market action index of 72. Inventory has held steady at or around 25.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
Market appears to have begun to cool. As we’re still notably in the Seller’s zone, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.
Real-Time Market Profile
| Median List Price | $1,575,000 | |
| Per Square Foot | $496 | |
| Days on Market | 21 | |
| Price Decreased | 12% | |
| Price Increased | 4% | |
| Relisted | 24% | |
| Inventory | 25 | |
| Median Rent | $3,050 | |
| Most Expensive | $3,750,000 | |
| Least Expensive | $659,000 | |
| Market Action | 73 | |
| Strong Seller's Market | ||
In this zip code this week saw relatively little price change from last week. However, we continue to demonstrate a nice up trend over the last several weeks.
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 |
|---|---|---|---|---|---|---|---|---|
| $2,867,500 | 6,895 | 1 - 2.5 acres | 6 | 5 | 18 | 1 | 1 | 84 |
| $1,894,500 | 4,835 | 1 - 2.5 acres | 5 | 5 | 30 | 0 | 2 | 63 |
| $1,235,000 | 1,931 | 1 - 2.5 acres | 3 | 2 | 55 | 2 | 3 | 7 |
| $745,000 | 1,387 | 6,500 - 8,000 sqft | 4 | 1 | 52 | 2 | 2 | 7 |