San Diego home sales that closed during June 2008 for resale attached condos, studios, lofts and townhomes as well as sales for 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: June – $243,529,802 – YTD – $1,404,440,634
Average Sales Price: June – $315,045 – YTD – $355,825
Median Sales Price: June – $250,155 – YTD – $285,000
Sold Listings: June – 773 – YTD – 3,947
Average Days on Market: June – 77 – YTD – 80
Detached Single Family Homes
Total Sales Volume: June – $858,084,039 – YTD – $4,587,170,576
Average Sales Price: June – $550,054 – YTD – $593,348
Median Sales Price: June – $417,000 – YTD – $436,500
Sold Listings: June – 1,560 – YTD – 7,731
Average Days on Market: June – 72 – YTD – 76
Source: Multiple Listing Service of Sandicor, Inc.
Here again we see that the median prices have dropped compared to those of the previous month bringing the total price drop from the June 2007 median price to 32.39% for attached homes and 30.50% for detached homes, the largest price drop that we’ve seen so far.
As a reminder, these numbers represent condos and detached homes that closed escrow during the month of June and have actually been taken of the market during April or May.