92780 Zip Code Real Estate Market Struggles to Contracts Bottom

The 92780 zip code market may be nearing a low. The number of contracts executed fell to 22, the lowest levels since January. However, sales seem to be trending upward, climbing to 42 homes sold over the last 30 days. In comparison, 92620 led all other nearby zip codes with 29 contracts executed. Prices are rising in the 92780 zip code, and the median sales price this period increased from $565,000 to $619,500. There are only three months of inventory available in the 92780 zip code, so it's still seller's market, even with the shrinking contracts numbers.

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Demographic facts about the 92780 zip code:

  • The median value of all homes is $320,300.
  • This area usually gets 31 rainy days each year. (U.S. average: 100)
  • The area's unemployment rate is 7.9%.
  • The students per teacher ratio in this area is 22.7:1. (15.3:1 = national average)

Data reported through 10/12/2016

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