The 92264 zip code market pulled back with a 20.3% sales drop in this week's report. Overall sales numbers for the last 30 days fell below the 71.8 monthly average with 59 homes sold. In comparison, the nearby 92211 zip code had 103 sales in the same time frame, the most of all neighboring zip codes. Prices are falling in the 92264 zip code, and this period the median price of all sales fell from $326,500 to $302,000. The 92264 zip code is a solid buyer's market, due to a big eight months of inventory left and aided by the dip in sales.
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