San Diego real estate sales that closed during January 2009 for resale attached condos, studios, lofts and townhomes and detached single family homes as reported through the Sandicor and the San Diego Association of Realtors were as follow:
Attached Single Family Homes (Condos – Townhomes)
Total Sales Volume: January – $180,379,370 – YTD – $180,379,370
Average Sales Price: January – $253,698 – YTD – $253,698
Median Sales Price: January – $190,000 – YTD – $190,000
Sold Listings: January – 711 – YTD – 711
Average Days on Market: January – 75 – YTD – 75
Detached Single Family Homes
Total Sales Volume: January – $578,247,001 – YTD – $578,247,001
Average Sales Price: January – $422,386 – YTD – $422,386
Median Sales Price: January – $327,000 – YTD – $327,000
Sold Listings: January – 1,369 – YTD – 1,369
Average Days on Market: January – 73 – YTD – 73
Source: Multiple Listing Service of Sandicor, Inc.
During January median prices dropped further by 5.00% for attached homes and 6.42% for detached homes compared to those of December 2008, while the total number of homes sold during January increased by almost 170% compared to the number of homes that sold during January 2008.
As a reminder, these numbers represent condos and detached homes that closed escrow during the month of January and have actually been taken of the market during November or December 2008.
