San Diego home sales that closed during August 2009 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 – $254,967,554 – YTD – $1,907,369,360
Average Sales Price: August – $272,693 – YTD – $252,097
Median Sales Price: August – $226,575 – YTD – $200,000
Sold Listings: August – 935 – YTD – 7,566
Average Days on Market: August – 67 – YTD – 76
Detached Single Family Homes
Total Sales Volume: August – $809,609,684 – YTD – $6,361,636,908
Average Sales Price: August – $479,911 – YTD – $438,885
Median Sales Price: August – $375,000 – YTD – $345,000
Sold Listings: August – 1,687 – YTD – 14,495
Average Days on Market: August – 69 – YTD – 73
Source: Multiple Listing Service of Sandicor, Inc.
During August median prices for attached homes increased by 7.79% while median prices for detached homes increased again by 1.07% compared to those of the previous month. After several months of double digit increases, the total number of homes sold during August decreased in both attached (7.66%) and detached (1.10%) single family homes compared to the number of homes that sold during August 2008.
As a reminder, the above 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.
