San Diego real estate sales that closed during November 2008 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: November – $188,952,784 – YTD – $2,851,621,576
Average Sales Price: November – $250,269 – YTD – $321,309
Median Sales Price: November – $195,000 – YTD – $250,000
Sold Listings: November – 755 – YTD – 8,875
Average Days on Market: November – 70 – YTD – 82
Detached Single Family Homes
Total Sales Volume: November – $602,347,788 – YTD – $9,191,077,830
Average Sales Price: November – $431,481 – YTD – $541,288
Median Sales Price: November – $340,000 – YTD – $405,000
Sold Listings: November – 1,396 – YTD – 16,980
Average Days on Market: November – 67 – YTD – 71
Source: Multiple Listing Service of Sandicor, Inc.
During the traditionaly slow month of November median prices have dropped again compared to those of the previous month bringing the median price drop Year to Date from the 2007 median price to 30.36% for attached homes and 28.82% for detached homes, while the total number of homes sold during November of 2008 increased by almost 150% the number of homes that sold during the same month of 2007.
As a reminder, these numbers represent condos and detached homes that closed escrow during the month of November and have actually been taken of the market during September or October.
