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August 2014 Monthly Market Watch San Diego North Inland Area

Monthly Market Watch - San Diego North Inland

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Your home may be worth more than you think. For a free market analysis, contact Mary Taylor, Keller Williams Realty. 858-342-7470

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Page 1: Monthly Market Watch - San Diego North Inland

August 2014

Monthly Market Watch

San Diego North Inland Area

Page 2: Monthly Market Watch - San Diego North Inland

Report Overview This report includes MLS data for all residential home sold in the San Diego North Inland area including zip codes 92126, 92127, 92128, 92129, 92131 & 92064 which include the communities of Rancho Bernardo, Sabre Springs, 4S Ranch, Torrey Highlands, Del Sur, Santa Luz, Rancho Penasquitos, Scripps Ranch, Poway, and Mira Mesa as provided by Sandicor’s MLS system for the San Diego Association of Realtors.

Please note Updates occur mid-month to allow time for the previous month's transactions to be entered into the MLS system. All information is deemed reliable but not guaranteed.

Page 3: Monthly Market Watch - San Diego North Inland

Report Overview This report includes the following MLS data:

Number of Homes Sold Compare Regular Sales, Short Sales, and REO Sales Median Sales Price of Homes Sold Sold Price per Square Foot Average Days on Market of Homes Sold Active Residential Listings(Inventory) Months of Residential Inventory 30-Year Fixed Interest Rate National Statistics and Trends(4Q13 Data)

Page 4: Monthly Market Watch - San Diego North Inland

Total Number of Homes SOLD in The San Diego North Inland Area

JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC2012 238 298 351 376 421 354 384 417 350 387 365 3502013 258 254 352 385 435 408 471 475 360 338 309 3232014 237 229 317 405 367 398 353

0

50

100

150

200

250

300

350

400

450

500

UN

ITS

SOLD

Source: Sandicor MLS. All Inventory Information deemed reliable but not guaranteed

Page 5: Monthly Market Watch - San Diego North Inland

REO, Short, and Regular Homes Sold in The San Diego North Inland Area

3Q11

4Q11

1Q12

2Q12

3Q12

4Q12

1Q13

2Q13

3Q13

4Q13

1Q14

2Q14

Regular Sales 602 495 474 741 748 707 602 1008 1212 869 694 1088Short Sales 199 201 283 276 299 300 196 156 93 68 51 32REO Sales 134 124 130 134 82 83 54 40 16 17 23 21

0200400600800

100012001400

Hom

es S

old

Quarterly View

Source: Sandicor MLS. All Inventory Information deemed reliable but not guaranteed

Page 6: Monthly Market Watch - San Diego North Inland

Average Sales Price of Homes Sold in The San Diego North Inland Area

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec2012 $436,000 $421,000 $467,000 $474,000 $486,000 $491,000 $505,000 $514,000 $458,000 $498,000 $498,000 $486,0002013 $510,000 $502,000 $526,000 $568,000 $609,000 $595,000 $610,000 $583,000 $570,000 $566,000 $568,000 $580,0002014 $541,000 $548,000 $593,000 $607,000 $595,000 $634,000 $597,000

$350,000

$400,000

$450,000

$500,000

$550,000

$600,000

$650,000

$700,000

Aver

age

Sale

s Pric

e

Source: Sandicor MLS. All Inventory Information deemed reliable but not guaranteed

Page 7: Monthly Market Watch - San Diego North Inland

Sold Price per Square Foot in The San Diego North Inland Area

JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC2012 224 225 232 241 238 241 245 245 245 247 251 2522013 264 259 270 283 286 293 297 303 297 296 300 3002014 296 307 305 311 312 317 312

200

220

240

260

280

300

320

$/Sq

uare

Foo

t Source: Sandicor MLS. All Inventory

Information deemed reliable but not guaranteed

Page 8: Monthly Market Watch - San Diego North Inland

Average Days on Market of Homes Sold in The San Diego North Inland Area

JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC2012 95 88 82 71 68 60 61 63 66 60 55 632013 62 60 46 32 34 34 27 25 32 37 34 472014 43 34 43 37 33 32 36

0

10

20

30

40

50

60

70

80

90

100

Days

on

The

Mar

ket

Source: Sandicor MLS. All Inventory Information deemed reliable but not guaranteed

Page 9: Monthly Market Watch - San Diego North Inland

Active Residential Listings(Inventory) in The San Diego North Inland Area

JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC2012 736 663 584 535 491 510 543 447 433 354 290 2052013 244 240 294 341 399 494 585 666 663 637 522 4322014 512 480 556 600 695 776 929

0

100

200

300

400

500

600

700

800

900

1000

Hom

es F

or S

ale

Source: Sandicor MLS. All Inventory Information deemed reliable but not guaranteed

Page 10: Monthly Market Watch - San Diego North Inland

Months of Residential Inventory in The San Diego North Inland Area

JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC2012 3.11 2.26 1.68 1.43 1.17 1.39 1.45 1.08 1.24 0.91 0.82 0.752013 0.95 0.94 0.84 0.89 0.92 1.21 1.24 1.4 1.84 1.88 1.69 1.342014 2.16 2.1 1.76 1.48 1.89 1.97 2.63

0

0.5

1

1.5

2

2.5

3

3.5

Mon

ths o

f Inv

ento

ry Source: Sandicor MLS. All Inventory

Information deemed reliable but not guaranteed

Page 11: Monthly Market Watch - San Diego North Inland

30-Year Fixed Interest Rate(%)

JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC2012 3.92 3.89 3.95 3.91 3.81 3.69 3.55 3.6 3.5 3.38 3.35 3.342013 3.39 3.54 3.55 3.45 3.54 4.07 4.37 4.46 4.49 4.22 4.22 4.462014 4.43 4.3 4.34 4.34 4.19 4.18 4.13 4.13

3.003.203.403.603.804.004.204.404.604.805.005.205.405.605.806.00

Perc

ent

Source: Federal Home Loan Corporation (Freddie Mac)

Page 12: Monthly Market Watch - San Diego North Inland
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Page 16: Monthly Market Watch - San Diego North Inland

Keller Williams Realty SD North Inland

July 2014

SD County 2014 vs. 2013

KW SDNI 2014 vs. 2013

KW SDNI Vs.

SD County

Realtor Agent count -3.0% 9.9% 12.9% Listings Taken 5.5% 29.2% 23.7% Listings Taken Volume 11.2% 30.8% 19.6% Listings Sold Units -10.1% 19.0% 29.1% Listings Sold Volume -6.3% 24.8% 31.0% Contracts Written Units -8.2% 1.2% 9.4% Contracts Written Volume -3.6% 8.5% 12.1% Contracts Closed Units -10.1% 1.2% 11.3% Contracts Closed Volume -6.3% 9.0% 15.2%

Source: Sandicor San Diego County. All Inventory Information deemed reliable but not guaranteed

Page 17: Monthly Market Watch - San Diego North Inland

Inland Corridor Market Share Top Five Brokers

YTD Closed Listing Volume Comparison

BrokerMetrics: Single Family Residential, Fractional Ownership, Vacant Land Listings in 92126, 92127, 92128, 92129, 92131 & 92064 MLS Areas 08/11/2014. All Inventory Information deemed reliable but not guaranteed.

31.14%

27.27%

18.30%

12.35%

10.95%

Keller Williams Realty31.14% Mkt304 Units$198,574,501 Volume

Coldwell Banker27.27% Mkt302 Units$173,889,883 Volume

RE/MAX Associates18.30% Mkt236 Units$116,681,660 Volume

Berkshire Hathaway12.35% Mkt131 Units$78,758,438 Volume

Real Living Lifestyles10.95% Mkt93 Units$69,826,227 Volume

Page 18: Monthly Market Watch - San Diego North Inland

Your home may be worth more than you think.

To receive a free market analysis of your

San Diego home, contact:

Mary Taylor, Realtor

Keller Williams Realty

858.342.7470

[email protected]

www.TaylorMadeLiving.com

CalBRE #01795465This report provided courtesy of

Keller Williams Realty San Diego North Inland13400 Sabre Springs Pkwy., Suite 100

San Diego, CA 92128