San Diego real estate sales that closed during August 2008 for resale attached condos, studios, lofts and 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: August – $276,120,470 – YTD – $2,025,256,678
Average Sales Price: August – $317,015 – YTD – $344,431
Median Sales Price: August – $240,000 – YTD – $275,000
Sold Listings: August – 871 – YTD – 5,880
Average Days on Market: August – 76 – YTD – 79
Detached Single Family Homes
Total Sales Volume: August – $818,601,140 – YTD – $6,553,542,853
Average Sales Price: August – $512,266 – YTD – $572,312
Median Sales Price: August – $390,000 – YTD – $425,000
Sold Listings: August – 1,598 – YTD – 11,451
Average Days on Market: August – 76 – YTD – 76
Source: Multiple Listing Service of Sandicor, Inc.
During August median prices have slightly dropped again compared to those of the previous month bringing the median price drop Year to Date from the 2007 median price to 24.65% for attached homes and 26.11% for detached homes.
As a reminder, these numbers represent condos and detached homes that closed escrow during the month of August and have actually been taken of the market during June or July.
