San Diego real estate that sold and closed during February 2012 for resale condos, townhomes and detached homes as reported through Sandicor and the San Diego Association of Realtors were as follow:
Attached Single Family Homes (Condos – Townhomes)
Total Sales Volume: February – $185,991,927 – YTD – $357,645,337
Average Sales Price: February – $248,320 – YTD – $252,218
Median Sales Price: February – $198,500 – YTD – $200,000
Sold Listings: February – 749 – YTD – 1,418
Average Days on Market: February – 101 – YTD – 107
Detached Single Family Homes
Total Sales Volume: February – $684,596,818 – YTD – $1,343,650,587
Average Sales Price: February – $455,184 – YTD – $457,335
Median Sales Price: February – $360,000 – YTD – $352,500
Sold Listings: February – 1,504 – YTD – 2,938
Average Days on Market: February – 90 – YTD – 93
Source: Multiple Listing Service of Sandicor, Inc.
Well, after the slowest holliday month of the year, during February of 2012 as expected we saw an increase in total sales of existing condos, townhomes and detached homes. February posted a 9.62% increase in detached homes and posted a 14.11% increase in attached (condos, and townhomes) single family properties when compared to total sales of January 2012.
The good news is that when comparing those figures with those of February of last year, we see an 11.07% increase in detached homes and an 11.51% increase in condo and townhome closings. Median sale prices ended up a bit higher from those of February of last year for detached homes at $352,500 and flat for condos and townhomes at $200,000.
As a reminder, the above numbers represent condos and detached homes that closed escrow during the month of February 2012 and have actually been taken of the market during December 2011 or January 2012.
