San Diego home listings that closed during June 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: June – $275,418,866 – YTD – $1,329,668,222
Average Sales Price: June – $271,082 – YTD – $247,749
Median Sales Price: June – $215,000 – YTD – $190,000
Sold Listings: June – 1,016 – YTD – 5,367
Average Days on Market: June – 80 – YTD – 78
Detached Single Family Homes
Total Sales Volume: June – $843,188,785 – YTD – $4,463,901,152
Average Sales Price: June – $448,743 – YTD – $427,249
Median Sales Price: June – $360,000 – YTD – $335,000
Sold Listings: June – 1,879 – YTD – 10,448
Average Days on Market: June – 72 – YTD – 74
Source: Multiple Listing Service of Sandicor, Inc.
For the third straight month, during June median prices for attached homes increased, by 5.39% while median prices for detached homes also increased by 5.88% compared to those of the previous month. The total number of homes sold during June also increased sharply in double digits in both attached (31.44%) and detached (20.45%) single family homes compared to the number of homes that sold during June 2008. June is the first month in four years in which the median price for condos, townhomes and detached homes increased for three straight months… Could this be a sign of an upward change in the real estate market? For the time being, in June a condominium cost $11,000 more and a detached home cost $20,000 more than it cost in the previous month!
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.