07 Oct Bay Park Q3 Market Update
The Bay Park real estate market has been heating up for a while now just like many other communities. We have seen an increase of buyers interested in Bay Park, primarily due to the up and coming feel and affordability of Bay Park. Bay Park saw strong numbers during Q3, however, not as strong as we saw in Q2. The reason for this might be because of an overall increase of inventory in San Diego, giving buyers more options. Being that is an amazing community, Bay Park’s real estate market is still very HOT and we are seeing many sellers who were once interested in selling finally putting their house on the market. During Q3 Bay Park had 42 homes listed, which is a 14% decrease to Q2 number of 49 homes listed. Of those 42 homes that were listed, 16 of them were sold, compare to Q2 number of 33 sold. However, only 7 of those 42 homes have gone expired, meaning the rest are sitting on the market waiting for the right buyer. We have noticed that if the home is priced right and it has decent online and visual presentation it will sell very fast. The average sold price for Q3 in Bay Park was $735, 812, which is a slight 1% decrease when comparing the sold price in Q2 of $742,122. The average day on the market for the homes sold in Bay Park during Q3 was 39 days, compared to Q2 of 41 days.
Bay Park Q3 Market Update
16 Homes Sold / $735,812 Avg. Sold Price / 39 Days on Market
33 Homes Sold / $742,122 Avg. Sold Price / 41 Days on Market
48 Homes Sold / $667,182 Avg. Sold Price / 50 Days on Market