San Diego Home Sales for August 2010
San Diego real estate that sold and closed during August 2010 for resale condos, townhomes and detached single family 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 – $234,449,832 – YTD – $2,116,816,059
Average Sales Price: August – $261,955 – YTD – $269,075
Median Sales Price: August – $220,000 – YTD – $220,000
Sold Listings: August – 895 – YTD – 7,867
Average Days on Market: August – 83 – YTD – 81
Detached Single Family Homes
Total Sales Volume: August – $847,173,026 – YTD – $7,014,832,906
Average Sales Price: August – $503,670 – YTD – $479,911
Median Sales Price: August – $385,000 – YTD – $385,000
Sold Listings: August – 1,682 – YTD – 14,098
Average Days on Market: August – 75 – YTD – 72
Source: Multiple Listing Service of Sandicor, Inc.
During August 2010 median prices for attached (condos) slightly increased by 1.03% and median prices for detached homes slightly decreased by 1.28% compared to those of the previous month (July 2010). Median real estate prices in both attached and detached homes have again increased, both in double digits 10.00% for attached homes and 11.59% for detached homes when compared to those of the previous year (August 2009). Without the tax credit that was previously available to first time homebuyers, it seems that many would be buyers are remaining on the fence. Many of the summer would be buyers bought early to take advantage of the credit. While median sales price for detached homes decreased slightly in August when compared to the previous month, attached homes enjoyed a slight increase. Buyers in the entry level, single detached homes under $350,000 will continue to drive the real estate market going into 2011. The median sales price so far is showing an increase at a measured pace over the last year with a few minor deeps here and there, but overall the median price year to date remains at 10% higher than last year. As a result we anticipate that there’ll be more properties listed in the near future by sellers who may have been on the fence by fear of taking a loss on their investment. We should see more competitive market place in the upcoming months and with it more increase in the median sales price.
The above numbers represent condos and detached homes that closed escrow during the month of August 2010 and have actually been taken of the market during June or July 2010.
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 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 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.
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