San Diego real estate sales that closed during February 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: February – $158,118,418 – YTD – $347,788,414
Average Sales Price: February – $238,130 – YTD – $244,062
Median Sales Price: February – $185,000 – YTD – $188,000
Sold Listings: February – 664 – YTD – 1,425
Average Days on Market: February – 79 – YTD – 76
Detached Single Family Homes
Total Sales Volume: February – $532,545,286 – YTD – $1,138,685,354
Average Sales Price: February – $396,534 – YTD – $407,547
Median Sales Price: February – $335,000 – YTD – $330,000
Sold Listings: February – 1,343 – YTD – 2,794
Average Days on Market: February – 76 – YTD – 74
Source: Multiple Listing Service of Sandicor, Inc.
During February median prices for attached homes dropped again by 2.63% while median prices for detached homes increased by 2.44% compared to those of the previous month. The total number of homes sold during February increased by almost 150% compared to the number of homes that sold during February 2008.
As a reminder, these numbers represent condos and detached homes that closed escrow during the month of February and have actually been taken of the market during December 2008 or January 2009.