2022 Real Estate Market in San Elijo Hills
The average home selling in San Elijo Hills is closing for 102% of the listing price in an average December market time of 35 days this is up from just 15 days in November and a low of 6 days in April 2021.
The price per square foot in December was $486, down from $506 in Novmeber. Currently, only 2 active homes are for sale in San Elijo Hills, and 9 homes are pending in escrow. With 7 homes selling in December 2021.
San Elijo Hills is highly sought after for its sense of community, schools, trails, and town center restaurants and shops.
ONLY 2 HOMES FOR SALE IN SAN ELIJO HILLS. This link is live and will update as homes come on the market. If you or someone you know is considering making a move, please call/text at Ed Philbrick 760 496-8134
2022 San Diego County Real Estate Forecast
The bottom line: 2022 will continue where housing in 2021 left off, INSANELY HOT. It will be an Insane Seller’s Market (an Expected Market Time below 40-days) from the start of the year through the Summer Market. Multiple offers and bidding wars will be the norm for homes priced below $2 million. Once again, the market will heavily favor sellers and buyers will have to pack their patience to isolate their piece of the American Dream and take advantage of record-low mortgage rates. From mid-August on, the beginning of the Autumn Market, housing will evolve into a Hot Seller’s Market (an Expected Market Time between 40 and 60 days) with a bit less activity, not quite as many multiple offers, and fewer homes selling above their asking prices.
Are you curious about the new value of your San Elijo Hills home in this current market? I recommend Homebot to track the value of your home and build more wealth with your home and your real estate investments or vacation home.
Interest rates will be a factor in 2022 Real Estate Market