LESLIE SELICH-MARKET UPDATE

San Diego, CA 92127 - Rancho Bernardo

Single-Family Homes

760.445.1144 | leslie@leslieselich.com | DRE# 01319198


San Diego, CA 92127 - Rancho Bernardo

Sat May 18 2024
This week the median list price for San Diego, CA 92127 - Rancho Bernardo is $2,824,500 with the market action index hovering around 55. This is an increase over last month's market action index of 54. Inventory has increased to 42. 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

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’ll be looking for a persistent downward trend. If we see a persistent trend, especially if the MAI falls from the Seller’s Market zone to the Buyer’s Market zone, expect downward pressure on prices. There is already some evidence prices moving lower.

San Diego, CA 92127 - Rancho Bernardo

Sat May 18 2024
This week the median list price for San Diego, CA 92127 - Rancho Bernardo is $2,824,500 with the market action index hovering around 55. This is an increase over last month's market action index of 54. Inventory has increased to 42. 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

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’ll be looking for a persistent downward trend. If we see a persistent trend, especially if the MAI falls from the Seller’s Market zone to the Buyer’s Market zone, expect downward pressure on prices. There is already some evidence prices moving lower.

Real-Time Market Profile

Never miss important changes in the San Diego market.
Median List Price $2,824,500
Median Price of New Listings $1,791,500
Per Square Foot $745
Average Days on Market 54
Median Days on Market 14
Price Decreased 29%
Price Increased 2%
Relisted 10%
Inventory 42
Median Rent
Market Action 55
Strong Seller's Market

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
$8,172,500 7,787 1 - 2.5 acres 5 6 10 1 1 63
$3,325,000 4,763 0.25 - 0.5 acre 5 4.5 18 3 0 28
$2,150,000 3,106 6,500 - 8,000 sqft 5 3.5 20 0 2 14
$1,675,000 2,280 4,500 - 6,500 sqft 4 2.5 34 8 3 0