What’s the Value of my Vista Home?
Vista Home Sales for September 2020
Vista is an inland community in North San Diego County, bordering Carlsbad, Oceanside and San Marcos. Vista 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 and changing 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 year, especially in the summer (well, not this year!).
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 114 homes sold in September, 5% fewer than last month (120), despite the pandemic. Here’s the breakdown of activity.
Single Family Homes Sold
94 (up by 3); Average Sales Price was $683,084 (down 1%); Average sales price was 96% of original asking price
Condos, Townhomes & Duplexes Sold
20 (down 31%); 36 Days on Market; Average Sales Price $447,188 (no change); Average sales price was 102% of original asking price
There were fewer total home sales in September last month, with several more single family sales but a substantial decline in condo, townhome, and duplex sales. The average sales price dropped slightly for single family homes but did not shift for condos, townhomes and duplexes. Marketing time was shorter for condo, townhome and duplex sales…about 5 weeks.
While buyers were able to negotiate an average of 4% off the original list price, well over half the buyers (69%) paid full price or more for their homes, likely due to competitive bidding in many cases (80% of the condo, townhome and duplex buyers paid full price or more for their homes).
The MEDIAN sales price of the detached homes sold was $649,950 (up 2%), and $456,500 (up 10%) for attached homes compared to last month.
At the end of September there were 81 homes for sale in Vista, ranging in price from $347,500 to $7,900,000, down 10% from last month, the 5th decline in inventory. This represents an inventory of less than 1 month for condos, townhomes and duplexes (like last month), and less than 1 month for single family 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.
It was a relatively busy month for sellers in September, with 105 homes coming on the market, a decrease in new listings by 16% from August but still averaging more than 3 a day. In contrast, however, the number of homes going pending (129), excluding homes that closed in September, rose by 13% over last month (114); it was a busy month 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 an estimated value of your Vista home? Visit my home valuation site here.
SEARCH FOR VISTA HOMES FOR SALE
Read More:
What’s my Vista Home Worth? Vista Real Estate Market Report for August 2020
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