January 2019 San Elijo Hills & Old Creek Ranch Market Update
- 16 homes sold in January 2019
- 21 homes are pending in escrow
- The average sales price was $731,000 or $326 per Sq Ft.
- 38 homes are active on the market or 1.8 months of inventory (January 2018 was .1 months of inventory)
- The average time on the market is 24 days (January 2018 was 19 days)
With the national job situation improving and mortgage interest rates projected to rise later in the year, and rates down recently, buyers are not waiting until the spring; they are out looking for homes right now.
Bottom Line
If you are looking to sell your San Elijo Hills area home this year, waiting until the spring to list your home means you will have the greatest competition amongst buyers. Beat the rush of housing inventory that will enter the market and contact me to list your home today!
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Ed Philbrick: REALTOR®
www.hillsandcoast.com
M: 760-496-8134
E: ed@hillsandcoast.com
DRE# 01967137
Coastal Premier Properties DRE# 01861547
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