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
I hope you’re staying cool and safe and enjoying your Summer. Today in San Diego County and San Elijo Hills, the supply of homes to purchase is low, demand is high, and home values are on the rise. Multiple competitive offers are once again the norm. Homes are quickly going into escrow. And, tight lending qualifications and low rates continue to be the strength of the San Diego housing market.
There were 3,803 closed residential resales in July, 12% more than July 2019, when there were 3,395 closed sales. July marked a 22% increase over June 2020. The sales to list price ratio was 98% for all of San Diego County. Foreclosures accounted for just 0.4% of all closed sales, and 0.5% of all sales were short sales. That means that 99.1% of all sales sellers with equity.
July 2020 San Elijo Hills Real Market:
25 sold homes sold in July (11 in April, 6 in May, and 13 in June)
15 Active listings in San Elijo Hills
$347 Median Price per Square foot
Median Sales Price $965,000
98.6% is the average percent of original asking price homes are selling for
Safety-First Listing and Home Sale Strategy. Please reach out for a 15-20 minute Zoom meeting which I will inform you of your home’s value and answer the three most-asked questions I’m getting today:
* How much is my home worth in this market? * How do you sell homes safely during COVID19? * How’s the mortgage market right now?
Today’s buyers and sellers need a trusted local resource that can guide them through the complex world of real estate, who you work with matters. With my extensive local San Elijo Hills knowledge and commitment to providing an exceptional real estate experience to my clients, I’m your go-to source for San Elijo Hills and North County real estate insight, advice, and results. I am the publisher of San Elijo Life and enjoy connecting and building our fantastic community.
Please let me know how I can safely be of service if you are looking to buy or sell a home.
Covering North County San Diego from “The Hills to The Coast”
4.83 Amazing panoramic ocean view acres perched in the top of San Elijo Hills. Build your custom dream home and barn with ocean and pond views. Sit on your deck and enjoy ocean views across Elfin Forest and Rancho Santa Fe. Walk the trails to the new Double Peak K-8 School. Welcome the natural setting of Old California but still minutes to San Elijo Hills Town Center shops, Cal State San Marcos, and Carlsbad beaches and shopping. Entitlement studies are done ready to build your horse, vineyard, family compound. Access from San Elijo Road. Price $675,000
7.83 Natural view acres San Elijo Hills/Questhaven Hills. Build your custom dream home and barn with pond views. Sit on your deck and enjoy the natural setting of your own pond. Access from Attebury Drive and Questhaven or behind Double Peak School. This is a rare Coastal North County opportunity to create privacy yet still close to community and shopping. Price $525,000