Market Trends: Santee 92071 — June 2025
Key Metrics at a Glance
| Metric | Value | Trend |
|---|---|---|
| Median Sale Price (0-3 Mo) | $865,000 | Increasing |
| Median $/SF (0-3 Mo) | $564.37 | Declining |
| 12-Mo Linear $/SF Change | -1.89% | Negative |
| Months of Inventory | 2.2 | Tight supply |
| Median Days on Market | 20 | Worsening |
| SP/LP Ratio | 100.0% | Stable |
| Sales Volume Change (Qtr) | +31.8% | Increasing |
| Anticipated Marketing Time | 30-60 days | Active market |
Analysis
The data reveals broadly consistent movement between overall prices and per-square-foot metrics. This consistency suggests the market is moving uniformly across property size segments without significant compositional shifts in the sales mix.
On the supply side, 2.2 months of inventory reflects tight supply conditions in the market. Increasing days on market indicates properties are taking longer to sell, suggesting buyer caution or overpricing. The stable SP/LP ratio suggests pricing expectations remain well-calibrated between buyers and sellers.
In summary, the market is best characterized as competitive with strong seller positioning. The anticipated marketing time of 30-60 days reflects current absorption rates. The negative 6-month linear trend in $/SF warrants monitoring as it may indicate continued near-term softening.
Supplemental Land Sales Analysis
The following land sales data supplements the residential market trends presented in this report. A search of the MLS for vacant land sales in the Santee market area yielded 86 total records, of which 30 were closed sales, 7 are currently active listings, and 2 are pending. The limited number of transactions — particularly only 8 sales in the most recent quarter and 1 in the prior quarter — does not support the same level of statistical analysis applied to the residential data above. Nevertheless, the available data provides useful context for land market conditions.
In the most recent 0-3 month period, the 8 closed land sales showed a median sale price of $252,500 with a wide range from $155,000 to $3,800,000, reflecting the significant heterogeneity in parcel sizes and locations. The median parcel size was 0.55 acres, with a median price per lot square foot of $11.69. The median sale price to list price ratio of 87.3% and median days on market of 30 days indicate that land buyers are negotiating more aggressively than in the residential market, where the SP/LP ratio is 100.0%.
Over the broader 0-12 month window, 10 land sales closed with a median price of $265,000 and a median price per lot square foot of $13.30. Comparing the 0-6 month period (9 sales, median $255,000) to the 12-18 month period (2 sales, median $615,000), the data suggests land values may be declining, though the extremely small sample sizes in each period limit the reliability of this comparison. Current inventory of 7 active listings with a median list price of $199,500 and approximately 2.6 months of supply (based on the 0-3 month absorption rate) is generally consistent with the residential market's supply conditions.
Land Sales Data Summary
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