San Diego Real Estate Update - Rancho Peñasquitos - October 2025

What's going on in Rancho Penasquitos? Stick around for a couple of minutes and I'll talk about what's happening. That's right, today we are bringing you a Rancho Penasquitos 92129 real estate market update. If you're new to this channel, please give us a like and subscribe so you don't miss any of these updates. We are circling San Diego County each and every month bringing you the zip codes that you have asked to see and breaking down the major metrics in the real estate market in those zip codes. So let's jump right into what's happening in Rancho Penasquitos. So looking at what's going on right now, we have 67 active listings in the zip code and of course Rancho Penasquitos is a catch-all for 92129. You know you've got Torrey Glen, Torrey Brook, Torrey Highlands, Torrey Highlands Village and several other different communities, Park Village, lots of different communities in Rancho Penasquitos. However, in general when we're talking about 92129, it's going to come out of my mouth as Rancho Penasquitos because that's how it's always been. Looking at the active inventory right now, you can see it is spread throughout the zip code and when we look at the pendings right now, again spread throughout the zip code. However, only 28 pending versus the 67 active and 33 sold in the last 30 days. So that would indicate sort of a slowdown in pending sales although 28 to 33 not much of a difference there. A little more than two to one on the pending to active ratio and that just highlights the need for proper pricing. Now let's get into the long-term trends here in 92129 looking at single family detached median price going back to January of 2022. It was 1.227500. Fast forward to now 1.375 million. It's been up, it's been down, it's been way up and it's coming down again although when we're only dealing with 25 to 35 data points a month, this is going to be a bit of a jagged curve overall over the last three and a half years we have seen appreciation in this zip code. Now looking at the percent of original list price to final closed sale price, that currently sits at 96.7% which is below the San Diego County average right now and this represents the percentage of the original list price that becomes the final closed sale price. So right now 96.7. Back here in the early spring, late winter of 2022, 114.3%. That's one of the highest that we saw and the biggest fall from spring winter of 2022 down to fall of 2022. The fall of 2022 saw the lowest list to sale price ratios that we've seen in years in San Diego County. Everything was on sale at that point. Now looking at market time, market time is basically plateaued month over month here in Rancho Penasquitos, currently sitting at 24 days, San Diego County at 34 days. Now let's do something that we don't always do here. Let's go ahead and take a look at attached properties. Let's let's look at attached properties because we have been having more people asking us about that. So I'll quickly switch up the data here to look only at condos, townhouses, twin homes, attached properties. January of 2022, 92129 was at 525 and here we are today at 675. So there's definitely been some price growth with attached properties in 92129 and similar with the list to sale price ratio for attached properties in 92129. That peaked in April of 2022 versus February for detached homes, not particularly significant there, just a different different month. But in February of 2022, condos in Penasquitos were at 109, homes were at 114. They jumped up to 112, condos did, 112 percent of original list price all the way down to 95.2 and currently at 98 percent. So condos in 92129 are closing at 98 percent of original list price right now and market time is 22 days. So I think we were able to squeeze in a little extra information for you today without spending a whole bunch more time. I try to keep these things moving so you don't have to spend a lot of time watching the video to get the information. But people have been asking about attached versus detached, so trying to squeeze that in there for you. So that's what's going on. If you like this content, please remember to like, share, subscribe and comment. We'll be back with more great real estate information for you very, very soon. So stay tuned for that and we'll see you right back here.