Contracts Low in Midtown Real Estate Market

Over the last 30 days, 32 homes went under contract in the Midtown market, the lowest amount since April. As the market appears to be approaching a low, there were 32 homes sold over the same period. In comparison, North Hills county led all other close-by neighborhoods with 61 contracts executed. The median sales price dropped to $497,500, down from last week's $500,000. Despite the falling contracts numbers, there are only three months of inventory remaining, indicating that Midtown is a still seller's market.

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$959K   $848K   $649K  

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Demographic facts for Midtown:

  • The rating for this area for population growth is 62. (Scale: 1 = Worst, 100 = Best)
  • For every 100,000 people there are 287.9 physicians.
  • The health cost index score in this area is 110.4. (100 = national average)
  • 83.8% of the residents commute to work alone in their car, 3.6% via carpool, and 2.2% by way of public transit.

Data reported through 10/12/2016

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San Diego Castles Realty
Bennion Deville Homes
Snapped 1 home in this area
Realty National, INC
Snapped 4 homes in this area

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