San Diego real estate sales that closed during July 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: July – $268,380,240 – YTD – $1,623,512,455
Average Sales Price: July – $259,555 – YTD – $249,349
Median Sales Price: July – $210,188 – YTD – $195,000
Sold Listings: July – 1,034 – YTD – 6,511
Average Days on Market: July – 72 – YTD – 77
Detached Single Family Homes
Total Sales Volume: July – $913,388,080 – YTD – $5,457,086,062
Average Sales Price: July – $475,228 – YTD – $434,239
Median Sales Price: July – $371,000 – YTD – $340,000
Sold Listings: July – 1,922 – YTD – 12,567
Average Days on Market: July – 69 – YTD – 73
Source: Multiple Listing Service of Sandicor, Inc.
During July median prices for attached homes decreased by 2.23% while median prices for detached homes increased again by 3.05% compared to those of the previous month. The total number of homes sold during July increased again in double digits for attached (21.50%) and single digits for detached (8.34%) single family homes compared to the number of homes that sold during July 2008.
As the current San Diego real estate market status suggests that home sales in number of units are going to be at the highest level since 2005, home prices also seem to be stabilizing since the foreclosure homes that come on the market are sold as they are entered in the MLS, most with multiple offers abobe list prices!
As a reminder, the above numbers represent condos and detached homes that closed escrow during the month of July and have actually been taken of the market during May or June.
