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
Only 9 Active homes and condos currently for sale in San Elijo Hills averaging 36 days on the market priced from $1,195,000 to $524,700. Not a lot of homes for buyers to choose from and great time to sell your San Elijo Hills home.
In July – 8 homes sold with an average market time of 17 days. The Median sales price was $779,250.
The 92078 zip code currently has a 1.7 month supply of inventory on the market back in August of 2007 we had a 10.2 month supply of inventory.
Some homeowners may be hesitant to list their San Elijo Hills homes for sale because they are worried that they will also have a problem finding a home to buy and move in to. This is a legitimate concern; no one wants to sell their home quickly and not have anywhere to live.
If you are thinking of moving up to a luxury or premium North County home, there tends to be more inventory available in these markets in North County and you may even get a great deal on a home that has been on the market for a while.
Homeowners are building contingency plans into their contracts. This means that the homeowner builds in extra time before they close in order to find their dream home and they are upfront about the contingency with any buyers who come to see the house.
Your home is an oasis to buyers who are searching for homes in today’s San Elijo Hills Market. The right buyers will sympathize and wait for you and your family to find your next home.
If you are even thinking of listing your home and moving up to a luxury home, let’s get together to evaluate your ability to do so. Homeowners are upgrading their homes, why can’t you?
Please let me know if I can provided an exceptional real estate experience.