While the county as a whole experienced a less-than-uplifting month in the real estate market in November, the neighborhoods of Point Loma, Ocean Beach and Old Town are seeing trends that in many ways are healthier than that of the county overall. Ocean Beach was an extreme outlier from the rest of the county in November and even shows a glimmer of hope. For detached homes, the median price increased about 28 percent over the prior month and from this time last year. The number of sales also increased in November to 11, up from six in October. In addition, sales of attached homes in Ocean Beach have more than doubled — both in comparison to the prior month and to this time last year. The median price for attached homes is also up slightly from last month, last year and year to date. Old Town has proven to hold steady throughout the month of November. The number of detached homes sold is exactly the same as it was in October (five). Year to date, the number of houses sold is about the same too. The median price for detached homes dropped just slightly from October while the price of attached properties increased just slightly. Year to date, neither are far from where they were last year. Changes in Old Town are so minimal that it’s safe to say the neighborhood is simply riding out the end of the year at a steady pace. In Point Loma, the median sales price of detached properties actually dipped 15 percent and fell below that of Ocean Beach in November. The number of detached properties sold dropped from October as well, but both sold listings and median price remained about the same year to date. Between median price, sold listings and days on the market, everything is pretty similar to how it was in November of last year, which is indicative of a market that is normal for this time of year. With the exception of Point Loma, detached homes in Ocean Beach and Old Town are selling faster than the county average. Homes in Ocean Beach and Old Town are spending half as much time on the market, as compared to the county average of almost three months. And speaking of the county overall, sales of both attached and detached properties across San Diego are down. The median sales price for detached properties is only up just over 1 percent from October — although it’s up 8 percent year to date. Attached homes have a median price of $215,000 — up not even one percent from October and up 7 percent year to date. In Ocean Beach, Point Loma and Old Town, however, we’re seeing an unexpected outlier — bucking the county trend by holding steady through what is typically the slowest part of the year for the real estate market. We’re looking forward to seeing some positive changes in the New Year for the entire county. Happy holidays!