August 2016 Point Loma Home Sales Report

Summer has sped by quickly here in Point Loma and homes seem to be moving even faster.   The latest Home Sale numbers from August are in and some key year-to-date stats really stand out:

• In 92106, the first eight months of 2016, there has been +9% change in the number of transactions of single family homes Sold over 2015.
• The number of homes Sold for less than $1,000,000 accounted for 52% of the activity.
• The median of $980,000 in 2016, was $900,000 in 2015. This represents a +9% increase.
• In the first eight months, the market total volume in dollars increased +28% to $194,000,000 from $151,000,000.

Overall we’re still in a seller’s market, with prices still surging upwards and market time at record lows.  If you’re thinking of selling, make sure you get your up-to-the-minute Home Valuation, as the numbers are changing every month.

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Data based on MLS records and may not include off-MLS transactions