San Diego real estate statistics that sold and closed during August 2012 for resale condos, townhomes and detached homes as reported through Sandicor and the San Diego Association of Realtors were as follow:
Attached Single Family Homes (Condos – Townhomes)
Total Sales Volume: August – $314,601,166 – YTD – $2,060,641,822
Average Sales Price: August – $309,342 – YTD – $280,169
Median Sales Price: August – $240,000 – YTD – $220,000
Sold Listings: August – 1,017 – YTD – 7,355
Average Days on Market: August – 85 – YTD – 96
Detached Single Family Homes
Total Sales Volume: August – $1,201,137,190 – YTD – $8,077,698,774
Average Sales Price: August – $533,839 – YTD – $493,596
Median Sales Price: August – $392,250 – YTD – $374,700
Sold Listings: August – 2,250 – YTD – 16,365
Average Days on Market: August – 75 – YTD – 84
Source: Multiple Listing Service of Sandicor, Inc.
During August 2012 we saw a very healthy double digit increase in total sales volume in both existing condos, townhomes and detached homes compared to both last month and to previous year. August posted a 15.85% increase in detached homes and posted a 24% increase in attached (condos, and townhomes) single family properties when compared to total sales of July 2012. Compared to August of 2011, detached homes posted an increase of 39.53% and attached homes posted a 23.24 increase in sales volume.
Year-to-Date Median sale prices ended up also higher from those of August of 2011 for detached homes at $374,700 a 1.27% increase and again higher for condos and townhomes at $220,000 a 5.76% increase.
As a reminder, the above numbers represent condos and detached homes that closed escrow during the month of August 2012 and have actually been taken of the market during June or July 2012.
