Type Total Inventory New Listings Pendings New Listings/Sales Ratio % of Inventory Sold
Single Family Homes
West of I-5 (92024)
38 10 3 3 to 1 8%
Downtown Condos
(92101)
227 56 17 3 to 1 7.5%
2-4 Units
(92101 - 92120)
534 128 27 3.3 to 1 6%

Note: New Listings also include any price ranges/modifications to a listing made during the month of July, thus the # of new listings most likely will be overstated. This is the way the MLS reports and I’m unable to calculate this any other meaningful way.

A great article to check out about San Diego Real Estate: http://www.voiceofsandiego.org/articles/2007/08/07/housing/923dqjune071707.txt. Somewhat scary and possibly true reading, however this demonstrates the diverse opinions that are prevalent in the current real estate climate. As I keep repeating myself, it is critical to maintain proper liquidity………if the worst case happens, you are prepared…….if the market does better than anticipated you have extra cash on hand!

 

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