The Clements Group Market Report

Poway, CA 92064

Single-Family Homes

Berkshire Hathaway HomeServices California Properties | www.ClementsGroupRE.com



Poway, CA 92064

Tue May 11 2021
This week the median list price for Poway, CA 92064 is $1,227,500 with the market action index hovering around 88. This is an increase over last month's market action index of 84. Inventory has decreased to 26. Click here to stay informed with the Poway market!

Market Action Index

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

Slight Seller's Advantage

Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller’s zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.

Poway, CA 92064

Tue May 11 2021
This week the median list price for Poway, CA 92064 is $1,227,500 with the market action index hovering around 88. This is an increase over last month's market action index of 84. Inventory has decreased to 26. Click here to stay informed with the Poway market!

Market Action Index

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

Slight Seller's Advantage

Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller’s zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.

Real-Time Market Profile

Never miss important changes in the Poway market.
Median List Price $1,227,500
Median Price of New Listings $1,100,000
Per Square Foot $491
Average Days on Market 114
Median Days on Market 14
Price Decreased 19%
Price Increased 8%
Relisted 23%
Inventory 26
Median Rent $2,945
Market Action 88
Slight Seller's Advantage

Again this week we see a downward notch for prices in this zip code. Pricing has been weak recently and versus their absolute-high level. At this point, we will be looking for a persistent upward shift in the Market Action Index as a leading indicator for a trough in prices.

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
$2,974,999 5,677 5 - 10 acres 5 5 15 1 1 84
$1,732,500 3,164 1 - 2.5 acres 5 3 31 2 2 35
$1,100,000 2,473 0.5 - 1 acre 5 2 41 5 5 0
$799,000 1,450 6,500 - 8,000 sqft 4 1 49 3 3 7