San Diego Home Sales for July 2010
Real estate in San Diego that sold and closed during July 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: July – $232,201,767 – YTD – $1,858,472,900
Average Sales Price: July – $266,899 – YTD – $269,931
Median Sales Price: July – $217,750 – YTD – $221,000
Sold Listings: July – 870 – YTD – 6,885
Average Days on Market: July – 87 – YTD – 81
Detached Single Family Homes
Total Sales Volume: July – $841,869,035 – YTD – $6,111,734,500
Average Sales Price: July – $506,540 – YTD – $496,929
Median Sales Price: July – $390,000 – YTD – $385,000
Sold Listings: July – 1,662 – YTD – 12,299
Average Days on Market: July – 71 – YTD – 71
Source: Multiple Listing Service of Sandicor, Inc.
During July 2010 median prices for attached (condos) decreased by 1.02% and median prices for detached homes also decreased by 3.10% compared to those of the previous month (June 2010). Median real estate prices in both attached and detached homes have again increased, 3.59% for attached homes and 5.12% for detached homes when compared to those of the previous year (July 2009). After a very strong Spring season due to the Federal Tax Credit, we saw a small decrease in sales to first time home buyers (who moved to purchase earlier to take advantage of the credit) during July. However overall sales year to date show a double digit increase in median prices, a 13.33% increase for attached homes (condos – townhomes) and a 13.23% increase for single family detached homes. In my opinion, due to first time home buyers having already bought a home earlier in the Spring, I expect the total number of homes sold to slow down a bit during the next 2 to 3 months, however I expect the median home prices to remain flat for the same period of time as home buyers will continue taking advantage of the lowest mortgage rates since… I don’t know when (ever?).
The above numbers represent condos and detached homes that closed escrow during the month of July 2010 and have actually been taken of the market during May 2009 or June 2010.
San Diego Home Sales for June 2010
Real estate in San Diego that sold and closed during June 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: June – $276,497,501 – YTD – $1,592,031,136
Average Sales Price: June – $266,375 – YTD – $270,938
Median Sales Price: June – $220,000 – YTD – $224,000
Sold Listings: June – 1,038 – YTD – 5,876
Average Days on Market: June – 79 – YTD – 80
Detached Single Family Homes
Total Sales Volume: June – $981,567,972 – YTD – $5,173,233,188
Average Sales Price: June – $518,799 – YTD – $496,138
Median Sales Price: June – $402,500 – YTD – $383,750
Sold Listings: June – 1,892 – YTD – 10,427
Average Days on Market: June – 70 – YTD – 70
Source: Multiple Listing Service of Sandicor, Inc.
During June 2010 while median prices for attached (condos) decreased by 7.17%, median prices for detached homes inceased again by 2.94% compared to those of the previous month (May 2010). Median real estate prices in both attached and detached homes have retained their double double ditgit increase, 17.89% for attached homes and 14.55% for detached homes when compared to those of the previous year (June 2009).
The above numbers represent condos and detached homes that closed escrow during the month of June 2010 and have actually been taken of the market during April or May 2010.
San Diego Home Sales for May 2010
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 2009 or April 2010.
San Diego Home Sales for April 2010
Real estate in San Diego that sold and closed during April 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: April – $264,368,748 – YTD – $944,863,228
Average Sales Price: April – $283,657 – YTD – $268,962
Median Sales Price: April – $225,500 – YTD – $220,000
Sold Listings: April – 932 – YTD – 3,513
Average Days on Market: April – 79 – YTD – 80
Detached Single Family Homes
Total Sales Volume: April – $851,502,854 – YTD – $3,035,034,502
Average Sales Price: April – $506,545 – YTD – $491,822
Median Sales Price: April – $387,500 – YTD – $380,000
Sold Listings: April – 1,681 – YTD – 6,171
Average Days on Market: April – 68 – YTD – 70
Source: Multiple Listing Service of Sandicor, Inc.
During April 2010 median prices for attached (condos) slightly increased by 0.22% while median prices for detached homes decreased by 2.39% compared to those of the previous month (March 2010). Median real estate prices in both attached and detached homes retained their double ditgits increase, 25.27% for attached homes and 15.67% for detached homes when compared to those of the previous year (April 2009).
The above numbers represent condos and detached homes that closed escrow during the month of April 2010 and have actually been taken of the market during February or March 2010.
Time’s Running Out: Get Tax Credit Now
There’s only 10 days left! Make sure don’t miss out on the home buyer tax credit, which requires a binding written contract to be in place by April 30, 2010, with a closing date no later than June 30, 2010. Qualified first-time home buyers can receive a credit of up to $8,000. Other qualified buyers can receive a credit of up to $6,500.
Feel free to call or email us with any questions you may have about the tax credit deadline and search San Diego condos or homes for sale. Call us for showings or to write an offer!
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