Del Sur Real Estate Market Update

Curious about what’s happening in the Del Sur real estate market? As seen in the graph below, the average price per square foot of detached homes has gone up by 6% in the past year. This number matches the 6% increase we’ve seen in the average overall value of homes throughout 92127 in the past year. Zillow predicts that we will see another 2.3% rise in the next year.

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The market in 92127 has shown some evidence of slowing recently. Both prices and inventory levels have not changed much in the last few weeks, while days-on-market is climbing. The Market Action Index (below) is at 29.49, just barely in the buyer’s advantage zone (the buyers/sellers cutoff is at 30). The MAI measures the current rate of sale versus the amount of inventory in order to answer the question “How’s the Market?”

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While these graphs can give you a general idea of what may be happening with the value of your home, each neighborhood and each home is unique. Call Gore Realty Group at 858-229-9212 for a free, no-obligation, on-site analysis of your home’s value!

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