A three-week downward trend continued after the College Area market recorded 14 home sales over the last 30 days. Since the prior period, a record low 17 new listings came on, the fewest since January. In comparison, the Serra Mesa neighborhood had 33 new listings in the same time frame, the most of all close-by neighborhoods. Prices are rising in College Area, and the median sales price this period increased from $531,500 to $560,000. There are only three months of inventory available in College Area, so it's still seller's market, even with the shrinking sales numbers.
Looking to move to College Area, but at an economical price? You may want to start with these low-cost listings: