www.LuxuryHomeMarketing.com Home of the CLHMS TM 2024 MAY SAN DIEGO CALIFORNIA
LUXURY INVENTORY VS. SALES | APRIL 2024
$13,200,000+
$9,200,000 - $13,199,999
$7,200,000 - $9,199,999
$6,200,000 - $7,199,999
$5,200,000 - $6,199,999
$4,200,000 - $5,199,999
$3,400,000 - $4,199,999
$2,800,000 - $3,399,999
$2,400,000 - $2,799,999
$2,000,000 - $2,399,999
$1,800,000 - $1,999,999
$1,600,000 - $1,799,999
$1,500,000 - $1,599,999
$1,400,000 - $1,499,999
$1,350,000 - $1,399,999
Square Feet3 -RangePrice -Median SoldBeds -Median SoldBaths -Median SoldSold -TotalInventory -TotalSales Ratio -Sold/Inventory0 - 2,999 $1,760,000 4 3 289 462 63% 3,000 - 4,499 $2,344,420 4 4 134 315 43% 4,500 - 5,999 $3,350,000 5 5 29 106 27% 6,000 - 7,499 $4,150,000 6 7 10 36 28% 7,500 - 8,999 $6,611,250 5 8 6 32 19% 9,000+ $35,000,000 10 14 1 50 2%
1 The luxury threshold price is set by The Institute for Luxury Home Marketing. 2Sales Ratio defines market speed and market type: Buyer's < 12%; Balanced >= 12 to < 21%; Seller's >= 21%. If >100% MLS® data reported previous month’s sales exceeded current inventory. 42 44 30 25 50 68 81 94 77 86 84 123 65 72 60 2 2 4 6 10 13 30 40 46 75 57 71 42 44 27
SAN DIEGO SINGLE - FAMILY HOMES
Inventory
Sales
Seller's
Total Sales: 469 Total Sales Ratio2 : 47% Luxury Benchmark Price 1: $1,350,000
Market Total Inventory: 1,001
SAN
DIEGO
SINGLE - FAMILY HOMES
13 - MONTH LUXURY MARKET TREND 4
MEDIAN DATA REVIEW | APRIL
VARIANCE: 57 % 636 1,001 Apr. 2023 Apr. 2024 TOTAL INVENTORY VARIANCE: 46 % 321 469 TOTAL SOLDS VARIANCE: - 1 % $1.98m $1.95m SALES PRICE
VARIANCE: 1 % 99.41% 100.00% SALE TO LIST PRICE RATIO VARIANCE: 7 % $738 $792 SALE PRICE PER SQFT.
VARIANCE: 0 % 9 9 DAYS ON MARKET
SAN DIEGO MARKET SUMMARY | APRIL 2024
• The single-family luxury market is a Seller's Market with a 47% Sales Ratio.
• Homes sold for a median of 100.00% of list price in April 2024.
• The most active price band is $2,000,000-$2,399,999, where the sales ratio is 87%
• The median luxury sales price for single-family homes is $1,950,000.
• The median days on market for April 2024 was 9 days, remaining the same from April 2023.
3Square foot table does not account for listings and solds where square foot data is not disclosed. 4Data reported includes Active and Sold properties and does not include Pending properties.
Solds Median Sales Price Inventory 636 764 850 858 830 852 895 824 610 719 736 842 1,001 321 369 377 374 413 302 288 251 225 234 336 396 469 $1,975,000 $2,000,000 $1,850,000 $1,799,450 $1,820,000 $1,887,500 $1,875,000 $1,925,000 $1,800,000 $1,857,500 $1,960,000 $1,850,000 $1,950,000 Apr-23 May-23 Jun-23 Jul-23 Aug-23 Sep-23 Oct-23 Nov-23 Dec-23 Jan-24 Feb-24 Mar-24 Apr-24
Apr. 2023 Apr. 2024 Apr. 2023 Apr. 2024 Apr. 2023 Apr. 2024 Apr. 2023 Apr. 2024 Apr.
Apr. 2024 Luxury
$1
350
000
2023
Benchmark Price 1:
,
,
DIEGO
LUXURY INVENTORY VS. SALES | APRIL 2024
$5,400,000
$4,400,000 - $5,399,999
$3,400,000
$1,200,000
$1,100,000
$1,000,000
Square Feet3 -RangePrice -Median SoldBeds -Median SoldBaths -Median SoldSold -TotalInventory -TotalSales Ratio -Sold/Inventory0 - 999 $830,000 2 2 11 38 29% 1,000 - 1,499 $950,000 2 2 103 153 67% 1,500 - 1,999 $1,121,500 3 3 74 152 49% 2,000 - 2,499 $1,484,998 3 3 20 39 51% 2,500 - 2,999 $1,242,500 3 3 2 12 17% 3,000+ $4,300,000 4 5 1 14 7% 4 3 3 17 30 11 16 35 48 36 35 16 28 43 83 0 1 0 2 9 3 5 8 24 11 11 20 16 34 67
SAN
ATTACHED HOMES
$6,500,000+
- $6,499,999
- $4,399,999 $2,400,000 - $3,399,999 $2,150,000 - $2,399,999 $1,900,000 - $2,149,999 $1,650,000 - $1,899,999 $1,400,000 - $1,649,999
- $1,399,999
$1,300,000
- $1,299,999
- $1,199,999
- $1,099,999 $900,000 - $999,999 $800,000 - $899,999
Inventory Sales Luxury Benchmark Price 1: $800,000 Seller's Market Total Inventory: 408 Total Sales: 211 Total Sales Ratio2 : 52% 1 The luxury threshold price is set by The Institute for Luxury Home Marketing. 2Sales Ratio defines market speed and market type: Buyer's < 12%; Balanced >= 12 to < 21%; Seller's >= 21%. If >100% MLS® data reported previous month’s sales exceeded current inventory.
13 - MONTH LUXURY MARKET TREND 4
Median Sales Price Inventory
Solds
MEDIAN DATA REVIEW | APRIL
SAN DIEGO MARKET SUMMARY | APRIL 2024
• The attached luxury market is a Seller's Market with a 52% Sales Ratio.
• Homes sold for a median of 100.00% of list price in April 2024.
• The most active price band is $1,100,000-$1,199,999, where the sales ratio is 125%
• The median luxury sales price for attached homes is $1,010,000.
• The median days on market for April 2024 was 8 days, down from 11 in April 2023.
238 271 277 293 328 318 365 352 274 318 324 340 408 154 188 206 182 222 162 163 155 103 131 184 197 211 $1,000,000 $1,077,500 $1,005,000 $1,087,500 $1,072,500 $1,100,125 $1,010,000 $1,035,000 $940,000 $1,010,000 $1,100,000 $1,000,000 $1,010,000 Apr-23 May-23 Jun-23 Jul-23 Aug-23 Sep-23 Oct-23 Nov-23 Dec-23 Jan-24 Feb-24 Mar-24 Apr-24
VARIANCE: 71 % 238 408 VARIANCE: 37 % 154 211 VARIANCE: 1 % $1.00m $1.01m SALES PRICE VARIANCE:
27 % 11 8
VARIANCE: 0 % 100.00% 100.00% SALE TO LIST PRICE RATIO VARIANCE:
$714
3Square foot table does not account for listings and solds where square foot data is not disclosed. 4Data reported includes Active and Sold properties and does not include Pending properties.
-
DAYS ON MARKET
6 %
$760 SALE PRICE PER SQFT.
SAN DIEGO ATTACHED HOMES
Apr. 2023 Apr. 2024 Apr. 2023 Apr. 2024 Apr. 2023 Apr. 2024 Apr. 2023 Apr. 2024 Apr. 2023 Apr. 2024 Apr. 2023 Apr. 2024
TOTAL
Luxury
INVENTORY TOTAL SOLDS
Benchmark Price 1: $800,000
