What’s my Vista Home Worth? Vista Real Estate Market in August 2020

By
Real Estate Agent with eXp Realty of California, Inc. CA DRE #01490977

What’s the Value of my Vista Home?

Vista Home Sales Report for August 2020

 

Vista home search linkVista is an inland community in North San Diego County, bordering Carlsbad, Oceanside and San Marcos. The community offers diverse housing in tract home communities, rental complexes and 55+ communities, as well in rural settings.

 

There are mixed use and agricultural areas, plus a growing downtown offering a wide range of 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 120 homes sold in August, about the same as last month (121), despite the pandemic. Here’s the breakdown of activity.

 

Detached Homes Sold
91 (down by 2), 27 Days on Market, Average Sales Price $688,230 (up 2%), Average sales price was 100% of original asking price

 

Attached Homes (condos, town homes) Sold
29 (up by 1), 41 Days on Market, Average Sales Price $443,667 (no change), Average sales price was 99% of original asking price

 

Total home sales in August was about the same as last month, with a slight drop in detached sales and a slight increase for attached sales. The average sales price rose slightly for detached homes but did not shift for attached. Marketing time was the same for the detached home sales but shorter for attached (still over 1 month).

 

While buyers were able to negotiate an average of 1% off the original list price, over half the buyers (58%) paid full price or more for their homes, likely due to competitive bidding in many cases. 9% of the Vista home buyers paid cash for their homes, about the same as last month.

 

The MEDIAN sales price of the detached homes sold was $639,900 (no change), and $415,000 (down 12%) for attached homes compared to last month.

 

At the end of August there were 90 homes for sale in Vista, ranging in price from $359,000 to $7,900,000, down 7% from last month, the 3rd decline in inventory. This represents an inventory of less than 1 month for attached properties (down from 1.4 months last month), and less than 1 month for detached homes (the same as 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, and became more competitive in August.

 

Vista home at Laurel Pointe

 

It was a busy month for sellers in August, with 125 homes coming on the market, a substantial increase in new listings by 29% from July, despite the pandemic. The number of homes going pending (114), excluding homes that closed in August, was about the same as last month (115), thus it was a busy month during the pandemic for buyers as well.

 

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. Are you 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 more details with you, and tell you more about what to expect when buying or selling a home in today’s housing market.

 

SEARCH FOR VISTA HOMES FOR SALE

 

Read More: What’s my Vista Home Worth? Vista Real Estate Market Report for July 2020

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Real Estate Market Trends
Location:
California San Diego County Vista
Groups:
CALIFORNIA REAL ESTATE
Market Updates
Local Expert
Market Reports
HyperLocal Neighborhood and Community Posts
Tags:
vista homes for sale
homes for sale in vista
vista condos for sale
condos for sale in vista
homes with views for sale in vista
vista homes with views for sale
vista real estate m

Spam prevention
Show All Comments
Rainmaker
3,706,326
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Good afternoon Jeff. My advice for buyers and sellers alike in the Vista Homes are is to seek your advice. Enjoy your day

Sep 14, 2020 01:58 PM #3
Ambassador
1,969,225
Hannah Williams
Re/Max Eastern inc. - Philadelphia, PA
Expertise NE Philadelphia & Bucks 215-953-8818

Jeff Dowler, CRS  Always love your market reports they are so informative

Sep 14, 2020 02:02 PM #4
Ambassador
4,293,780
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Thank you, Wayne. Makes sense to me!! I appreciate your stopping by.

Jeff

Sep 14, 2020 02:02 PM #5
Ambassador
4,293,780
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Thank you Hannah Williams 

I appreciate the kind words! Hope all is well in PA!

Jeff

Sep 14, 2020 02:03 PM #6
Rainmaker
303,767
Shannon Jones
The Shannon Jones Team - Long Beach, CA
Long Beach CA Real Estate

Thanks for sharing Jeff Dowler, CRS - always interesting to see what other markets are doing.

Sep 14, 2020 04:25 PM #7
Rainmaker
2,817,458
Myrl Jeffcoat
GreatWest Realty - Sacramento, CA
Greater Sacramento Real Estate Agent

Vista home buyers and sellers are sure to value your real estate market report, Jeff!

Sep 14, 2020 05:19 PM #8
Rainmaker
1,425,291
Sheri Sperry - MCNE®
Coldwell Banker Realty - Sedona, AZ
(928) 274-7355 ~ YOUR Solutions REALTOR®

Hi Jeff Dowler, CRS - Vista is another great community in North San Diego County.  Clients will really appreciate your knowledge of all the communities you serve so that they can find the right property to fit their needs. 

Sep 14, 2020 06:35 PM #9
Ambassador
4,293,780
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Hi Shannon Jones 

Thanks for stopping by! I, too, like to see what's happening elsewhere...and getting to know agents in other markets!

Jeff

Sep 14, 2020 07:50 PM #10
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Ambassador
4,293,780

Jeff Dowler, CRS

The Southern California Relocation Dude
What's my Carlsbad CA Area Home Worth??
*
*
*
*

Additional Information