San Diego real estate that sold and closed during August 2011 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: August – $255,285,853 – YTD – $1,919,224,772
Average Sales Price: August – $277,787 – YTD – $265,526
Median Sales Price: August – $208,000 – YTD – $208,000
Sold Listings: August – 919 – YTD – 7,228
Average Days on Market: August – 92 – YTD – 95
Detached Single Family Homes
Total Sales Volume: August – $860,828,055 – YTD – $6,878,351,202
Average Sales Price: August – $487,169 – YTD – $491,978
Median Sales Price: August – $369,000 – YTD – $370,000
Sold Listings: August – 1,767 – YTD – 13,981
Average Days on Market: August – 81 – YTD – 83
Source: Multiple Listing Service of Sandicor, Inc.
During August of 2011 we saw an increase in total sales of existing condos, townhomes and detached homes posting a 1.98% decrease in detached homes and posted a rather large 14.39% increase in attached (condos, and townhomes) single family properties when compared to total sales of July 2011.
When comparing those figures with those of August of last year, we see a 1.62% increase in detached homes and a 8.89% increase in condos and townhome closings. Median sale prices are still lower from those of August of last year; detached homes at $370,000 and condos and townhomes at $208,000.
As a reminder, the above numbers represent condos and detached homes that closed escrow during the month of August 2011 and have actually been taken of the market during June or July 2011.
