San Diego real estate sales that closed during April 2008 for resale attached condos, studios, lofts and townhomes as well as sales for 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 – $248,168,284 – YTD – $816,280,528
Average Sales Price: April – $360,710 – YTD – $367,528
Median Sales Price: April – $295,000 – YTD – $295,000
Sold Listings: April – 688 – YTD – 2,221
Average Days on Market: April – 72 – YTD – 80
Detached Single Family Homes
Total Sales Volume: April – $849,783,956 – YTD – $2,688,555,947
Average Sales Price: April – $591,772 – YTD – $612,706
Median Sales Price: April – $439,450 – YTD – $445,000
Sold Listings: April – 1,436 – YTD – 4,388
Average Days on Market: April – 74 – YTD – 79
Source: Multiple Listing Service of Sandicor, Inc.
While we see that the total number of attached and detached homes has incresed from the previous month, the median home prices have again dropped slightly compared to the previous month bringing the total price drop from the previous year to 20.27% for attached homes and 24.88% for dettached homes.
As a reminder, these numbers represent condos and detached homes that closed escrow during the month of April and have actually been taken of the market during February or March.