A family-favorite community of established neighborhoods, canyon trails, and top-rated Poway Unified schools — often just called PQ.
Peñasquitos is about as competitive as San Diego gets right now: homes are selling in about a week and at full original price. Buyers here move fast.
Houses are running near $1.38M (about 1.8 months of supply, selling near 100.5% of original price in roughly 7 days), while condos and townhomes sit near $835,000 (2.8 months, ~98.3% of original, about 25 days).
PQ works for a family after a detached home in the high-$1M range and for a buyer who wants the same Poway Unified schools and canyon trails via a townhome or condo in the $800Ks. Houses go in about a week, so pre-approval is essential; the attached side gives you slightly more breathing room.
Detached homes are selling in roughly a week at full price. Townhomes and condos sell close to ask but take a few weeks longer, so on the attached side lean on presentation and pricing to the trend.
Supply is running around 1.8 months for houses. As long as listings stay scarce, prices hold firm; a meaningful rise in inventory would be the first sign of easing.
Rates sit higher than they were a couple of years ago — the main headwind on demand. A meaningful drop would likely bring buyers off the sidelines quickly.
Both segments favor sellers, but the detached market is red-hot while the attached side is merely strong. Read each on its own — one blended median hides two different paces.
This is a focused market, so a single month's median can spike or dip. Weigh the multi-year trajectory — the bold trend line above — over any one data point.