$1.2M  
Over the past 30 days, there have been fewer price cuts in the 93940 zip code market, continuing a six-week declining trend to land at eight. Home sales were also down to 19 over the same period. Potential buyers should note that prices went up in the 93940 zip code, with the median for this period rising from $656,575 to $682,000. There are only three months of inventory available in the 93940 zip code, so it's a seller's market, even with the decrease in sales.
Comments:

$2.8M  
The 93940 zip code market broke below its 12-month average sales volume this week as sales fell 12.0% to hit 22 homes sold over the last 30 days. Meanwhile, the 93906 zip code reported 27 home sales, the highest number from all the surrounding zip codes. The median sales price rose to $656,575, up from last week's $640,000. With only three months of inventory to sell, the 93940 zip code is a seller's market, in spite of the dip in sales.
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$325K  
There were 24 homes sold in the 93940 zip code market over the last 30 days, but 22 contracts were executed. This marks the lowest amount since last December, and could be a sign that the market is nearing a low. In comparison, 93906 led all other nearby zip codes with 31 contracts executed. The median sales price dropped to $617,500, down from last week's $640,000. Along with the increase in sales, the fact that there are a lower-than-normal three months of inventory indicates that the 93940 zip code is a seller's market.
Comments:

$2.2M  
This week in the 93940 zip code market, sales fell to 21 homes sold over the last 30 days, coinciding with a confirmed downward trend in price reductions, with 14 in the same time frame. As might be expected, as the number of sellers reducing price trended lower, months of inventory continued to rise, trending upwards for four weeks to reach four months.
Comments:

$549K  
93940 is a larger than average zip code in California with 29,517 residents. Also, it has seen a 3.8% decrease in population over the last 10 years. The 93940 zip code market primarily consists of detached houses, accounting for 79% of the current homes in the area. The top school in the zip code is La Mesa Elementary School.
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$2.2M  
The number of home sales in the 93940 zip code market rose 4.2% to 25 homes over the last 30 days, exceeding the 24.8 monthly average for the last 12 months. In comparison, the nearby 93906 zip code had 30 sales in the same time frame, the most of all neighboring zip codes. Prices are falling in the 93940 zip code, and this period the median price of all sales fell from $690,000 to $640,000. With only three months of inventory and rising sales, the 93940 zip code is a seller's market.
Comments:

$2.2M  
With a new downward trend of new sellers listing homes, including 19 over the last 30 days, and sales that fell to 24 in that same time frame, the 93940 zip code market will be slowing down. The median sales price dropped to $690,000 over the latest reporting period for the 93940 zip code, down from $750,000. There are only three months of inventory available in the 93940 zip code, so it's a seller's market, even with the decrease in sales.
Comments:

$2.8M  
Over the last 30 days, 28 homes went under contract in the 93940 zip code market, the lowest amount since March. Sales seem to be on the way down, falling to 27 homes sold over the same period, and extending a three-week downward trend. During the same time frame, 93923 had the most of any other neighboring zip codes with 39 contracts executed. The median sales price climbed to $750,000, up from last week's $717,000. With only three months of inventory to sell, the 93940 zip code is a still seller's market, even after taking into consideration the falling contracts numbers.
Comments:

$1.2M  
Over the last 30 days, the 93940 zip code market showed healthy signs with 28 homes sold. It marks a 21.7% increase from last week's report, while also topping the average sales volume for the prior 12 months. Within the same time frame, the 93923 zip code had 30 sales, the most of all zip codes in the area. The median sales price rose to $717,000, up from last week's $684,000. With just three months of inventory available and sales going up, the 93940 zip code is a seller's market.
Comments:

$2.8M  
The 93940 zip code market slowed with an 8.3% sales drop in this week's report. Overall sales numbers for the last 30 days remained below the 25.3 monthly average with 22 homes sold. Meanwhile, the 93906 zip code reported 32 home sales, the highest number from all the surrounding zip codes. There are four months of inventory remaining in the market, and that will likely remain the case as the median sales price stayed flat at $684,500 this week.
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