Market Conditions for Kensington/Normal Heights 92116
Single Family Homes
12 new listings this year, and 16 new listings last year at this time.
These numbers mean that there are less homes to chose from, which explains why home prices are up 16% than last year at this time. Homes are also selling much faster.
Last year homes took 21 days to sell compared to only 29 days this year.
Condos
There are only 6 new condo listings for December. Significantly less than last year!
There are less pending sales and more closed sales this year.
Price is still up 4.7%. If you own a condo you will be happy to know that the value of condos is still very high. 92116 is a very desirable neighborhood which right now makes condo living also very popular.