Real estate in San Diego that sold and closed during May 2010 for resale condos, 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: May – $318,845,672 – YTD – $1,295,899,947
Average Sales Price: May – $282,665 – YTD – $272,591
Median Sales Price: May – $237,000 – YTD – $225,000
Sold Listings: May – 1,128 – YTD – 4,754
Average Days on Market: May – 76 – YTD – 80
Detached Single Family Homes
Total Sales Volume: May – $1,001,554,350 – YTD – $4,123,225,189
Average Sales Price: May – $496,556 – YTD – $492,267
Median Sales Price: May – $391,000 – YTD – $380,000
Sold Listings: May – 2,017 – YTD – 8,376
Average Days on Market: May – 68 – YTD – 70
Source: Multiple Listing Service of Sandicor, Inc.
During May 2010 median prices for attached (condos) increased by 20.61% and median prices for detached homes also inceased by 17.62% compared to those of the previous month (April 2010). Median real estate prices in both attached and detached homes have retained their double digit increase, 16.17% for attached homes and 15.00% for detached homes when compared to those of the previous year (May 2009). April was one of the strongest all around month in recent years. I’m sure that the extension to the Federal Tax Credit for first time home buyers has had a lot to do with this since we saw many first time home buyers out purchasing homes!
The above numbers represent condos and detached homes that closed escrow during the month of May 2010 and have actually been taken of the market during March or April 2010.
