Sorrento Valley's October First-Time Homebuyer Report

Sorrento Valley is a neighborhood in San Diego with a median income of $112,303 per household. Besides being very affluent, its population is younger than others with a median age of 37 years. The Sorrento Valley market is primarily made up of detached homes, currently accounting for 71% overall. Heading the list of top schools in the neighborhood is San Pasqual Union Elementary School.

Price Range

The median value of homes in Sorrento Valley is $516,884, making it one of the most valuable areas in San Diego. At the same time, the average list price of available homes is presently $786,920. The number of homes coming into the Sorrento Valley market spiked to eight listings over the last 30 days, while sales remained right where they were as once again six homes were sold over the same period.

Make sure you take a look at these eye-catching homes in Sorrento Valley that generated the most views from potential buyers:

$995K   $690K   $768K  

Typical Dwelling

A four-bedroom detached home valued around $782,132 is considered a typical dwelling in Sorrento Valley. If a buyer was looking for a similar home, they would need good credit and a $156,426 cash down payment to get a mortgage with a 3.95% interest rate. The monthly payments would be $2,214 and the property tax rate is $7.35 per $1,000 of taxable assessed value.

Get started right now by checking out Sorrento Valley homes for sale or reviewing Sorrento Valley real estate trends.

Data reported through 10/13/2016


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Pacific Sotheby's International Realty
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Realty One Group
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Coldwell Banker
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