Let’s check in on our stats once again and find out where buyers are currently getting the biggest discounts off asking price. If you are a potential buyer, this will help you to know which neighborhoods may be softer in terms of sale price discounts off list price, and help you know where to look for potential bargains.
In the chart below, we have taken all sales data from last month in San Diego County and sorted it by zip code. We calculated the overall difference between the sale price and the list price. Note that this reflects the final list price, after all price drops in the listing. Any areas with fewer than ten sales are excluded from the top and bottom ten rankings, but interested readers may download the full data summary in Excel format (xls).
Here are the top ten areas with the largest overall discount:
The overall discount stayed the same in June from our previous update in April, holding steady at 2.9%. Much of the top ten list also stayed the same. If you’re looking for sellers that might be more likely to accept lower offers, these might be a good place to search.
Here are the ten areas with the smallest discounts:
Twenty-six of the seventy-six zip codes we ranked actually came in with average sale prices above the list price.
Is the area you’re shopping not on either the top 10 or bottom 10? No problem, just download the full rankings in Excel format and hit the “FullSummary” sheet.
Of the 2,778 sales we tracked in the 1-month period, 234 homes (8%) sold for 10% or more off the asking price, while 488 homes sold for 5% or more above the asking price.