San Diego, CA 92127 Market Report for the Week of December 3, 2012

The median list price in SAN DIEGO, CA 92127 – Rancho Bernardo this week is $1,775,000.
Inventory has been decreasing lately but the Market Action Index is falling also. With days-on-market climbing, these are relatively negative implications for the market.
Supply and Demand
Market conditions have been consistently cooling in the past several weeks. Because we’re still in the Seller’s zone, prices have not yet begun to drop. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect prices to fall if the index persistently falls to the Buyer’s zone.
Price
Price trends in this zip code continued their recent uptrend this week. While still below the market’s high point, we’ve seen a nice run recently.
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For more information about luxury single family homes in San Diego, CA , contact Lucy Kelts.