Del Cerro Real Estate Market Continues Weakness in Price Cuts

Sales in the Del Cerro market remained level with nine homes sold over the past 30 days. However, the number of sellers reducing their listing price is still in the midst of a downward trend with seven price reductions in the same time frame. The median sales price dropped to $460,000, down from last week's $656,000. Despite the flat sales, a relatively low two months of inventory remaining indicates that Del Cerro is a definite seller's market.

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Demographic facts about Del Cerro:

  • The affordability rating here is 36. (Scale: 1 = Worst, 100 = Best)
  • The area gets an average of 12.6 inches of rain each year. (U.S. average: 36.5)
  • The area's income per capita is $50,329.
  • The school rating in this area is 85. (Scale: 1 = Worst, 100 = Best)

Data reported through 10/12/2016

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Pacific Sotheby's International Realty
11 reviews
Realty ONE Group
Snapped 24 homes in this area
Metro San Diego Realty
Snapped 10 homes in this area

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