San Diego real estate statistics that sold and closed during September 2012 for resale condos, townhomes and detached homes as reported through Sandicor and the San Diego Association of Realtors were as follow:
Attached Single Family Homes (Condos – Townhomes)
Total Sales Volume: September – $251,823,454 – YTD – $2,334,028,676
Average Sales Price: September – $303,768 – YTD – $282,194
Median Sales Price: September – $240,000 – YTD – $222,000
Sold Listings: September – 829 – YTD – 8,271
Average Days on Market: September – 88 – YTD – 96
Detached Single Family Homes
Total Sales Volume: September – $954,014,419 – YTD – $9,122,688,053
Average Sales Price: September – $505,304 – YTD – $494,160
Median Sales Price: September – $405,000 – YTD – $375,000
Sold Listings: September – 1,888 – YTD – 18,461
Average Days on Market: September – 76 – YTD – 83
Source: Multiple Listing Service of Sandicor, Inc.
Since the number of new listings continued to decrease bringing the available inventory in low numbers, during September 2012 we saw a double digit decrease in total sales volume in both existing condos, townhomes and detached homes compared to last month. September posted a 20.57% decrease in detached homes and posted a 29.96% decrease in attached (condos, and townhomes) single family properties when compared to total sales of August 2012. However when compared to September of 2011, detached homes posted an double digit increase of 14.89% and attached homes posted a 16.83 increase in sales volume.
Year-to-Date Median sale prices ended up also higher from those of September of 2011 for detached homes at $375,000 a 0.94% increase and again higher for condos and townhomes at $222,000 a 6.98% increase.
As a reminder, the above numbers represent condos and detached homes that closed escrow during the month of September 2012 and have actually been taken of the market during July or August 2012.
