San Diego property sales that closed during July 2008 for resale attached condos, studios, lofts and townhomes as well as 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: July – $276,545,519 – YTD – $1,711,818,951
Average Sales Price: July – $324,965 – YTD – $349,565
Median Sales Price: July – $250,000 – YTD – $278,900
Sold Listings: July – 851 – YTD – 4,897
Average Days on Market: July – 79 – YTD – 80
Detached Single Family Homes
Total Sales Volume: July – $955,506,976 – YTD – $5,631,515,435
Average Sales Price: July – $538,617 – YTD – $582,550
Median Sales Price: July – $408,000 – YTD – $430,000
Sold Listings: July – 1,774 – YTD – 9,667
Average Days on Market: July – 71 – YTD – 76
Source: Multiple Listing Service of Sandicor, Inc.
During July we see that the median prices have slightly increased compared to those of the previous month bringing the median price drop from the June 2007 median price to 30.16% for attached homes and 29.65% for detached homes.
As a reminder, these numbers represent condos and detached homes that closed escrow during the month of July and have actually been taken of the market during May or June.
