What’s the Value of my Vista Home?
Vista Home Sales for June 2020
Vista is an inland community in North San Diego County, bordering Carlsbad, Oceanside and San Marcos. The community offers a diverse range of housing in tract home communities, rental complexes and 55+ communities, as well in more rural settings. There are mixed use and agricultural areas, plus a growing downtown offering abundant shopping, dining and services.
The Moonlight Amphitheater (outdoor stage productions and concerts) near the Village is a popular area attraction during the summer months.
It’s important for buyers and sellers in the Vista housing market to understand recent trends and current local market conditions in order to make informed decisions about buying and selling Vista homes for sale.
The following data are taken from the MLS (private sales are not included in these statistics, nor are multifamily properties, or mobile and manufactured homes). The data are believed to be reliable at the time this report was written but are not guaranteed.
A total of 121 homes sold in June, more than double the number of sales from last month, despite the pandemic. Here’s the breakdown of activity.
Detached Homes Sold
95 (up 143%), 26 Days on Market, Average Sales Price $643,550 (down 6%), Average sales price was 99% of original asking price
Attached Homes (condos, town homes) Sold
26 (up 100%), 44 Days on Market, Average Sales Price $439,744 (down 7%), Average sales price was 99% of original asking price
Home sales in June rose dramatically, for both detached and attached sales. The average sales price dropped for both detached and attached homes. Marketing time was shorter for the detached home sales but longer for attached.
While buyers were able to negotiate and average of 1% off the original list price, half the buyers paid full price or more for their homes, likely due to competitive bidding in many cases. 6% of the Vista home buyers paid cash for their homes, the same as last month.
The MEDIAN sales price of the detached homes sold was $600,000 (down 2%), and $455,468 (down 8%) for attached homes compared to last month.
At the end of June there were 116 homes for sale in Vista, ranging in price from $285,000 to $7,900,000, down 11% from last month. This represents an inventory of only 1.5 months for attached properties (down from 2.3 months last month), and 1.4 months for detached homes (down from 1.6 months last month), based on the current rate of sales over the last 3 months. Vista remains a very strong seller’s market despite the pandemic.
In June 126 homes came on the market, 20% more new listings than in May, despite the pandemic, which is good news for buyers. Similarly, the number of homes going pending (104), excluding homes that closed in June, increased over May, although modestly with 3 more pending homes, thus it was another busy month during the pandemic.
I am happy to provide more information about current real estate activity in the Vista real estate market, specific zip codes, and neighborhoods that interest you, and answer any questions about the current market conditions, as well as to assist you with the purchase and/or sale of a home in Vista.
Please contact me at (760) 840-1360 so we can find the best time to get together and discuss your particular housing needs, lifestyle, and budget, then plan a strategy for you to buy your new Vista home in 2020!
And if you are planning to sell your home, I will provide you with a market value and equity analysis, and discuss your timing and plans so we can create the right strategy to get your home sold quickly and for the best price, terms and conditions. Interested in the estimated value of your Vista home? Visit my home valuation site here.
Be aware there are specific state and county recommendations in place to help keep everyone safe, and some new procedures that impact the buying and selling process in our area. I am happy to share information with you and answer your questions about what this means for buyers and sellers during the pandemic, and what to expect when buying or selling a home in today’s housing market.