San Diego real estate that sold and closed during January 2011 for resale condos, townhomes and detached single family homes as reported through Sandicor and the San Diego Association of Realtors were as follow:
Attached Single Family Homes (Condos – Townhomes)
Total Sales Volume: January – $167,294,589 – YTD – $167,294,589
Average Sales Price: January – $239,334 – YTD – $239,334
Median Sales Price: January – $200,000 – YTD – $200,000
Sold Listings: January – 699 – YTD – 699
Average Days on Market: January – 100 – YTD – 100
Detached Single Family Homes
Total Sales Volume: January – $554,744,893 – YTD – $554,744,893
Average Sales Price: January – $468,535 – YTD – $468,535
Median Sales Price: January – $368,750 – YTD – $368,750
Sold Listings: January – 1,184 – YTD – 1,184
Average Days on Market: January – 90 – YTD – 90
Source: Multiple Listing Service of Sandicor, Inc.
After last December’s surprised increase in number of homes sold, the total number of of homes that sold in January saw a typical for the holiday season decrease of 31% decrease compared to December of 2010. A 35.43% decrease for detached homes and a 28.765% decrease for attached (condos and townhomes) single family homes. When compared to January of last year that decrease is in par, considering the federal tax credit benefits that were offered last year. Attached homes saw a decrease in total number of homes sold of 13.8% and detached single family homes a 1.1% decrease compared to those of a year ago. Median sale prices also decreased a bit from December to January, 1.66% for detached homes and 8.6% for attached homes.
The number of active and pending home listings also decreased in January, a trend that we’ve been seeing since September of last year. These numbers should remain pretty much the same also for the following month since the published sales statistics for homes that closed escrow in February mostly reflect homes that were sold during the typicaly slow December holiday and January tax months. Numbers should see an increase starting in March and April.
The above numbers represent condos and detached homes that closed escrow during the month of January 2011 and have actually been taken of the market during November or December 2010.