San Diego home sales that closed during March 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: March – $193,279,767 – YTD – $570,560,087
Average Sales Price: March – $231,196 – YTD – $244,038
Median Sales Price: March – $175,750 – YTD – $185,000
Sold Listings: March – 836 – YTD – 2,338
Average Days on Market: March – 76 – YTD – 76
Detached Single Family Homes
Total Sales Volume: March – $692,935,544 – YTD – $1,875,053,876
Average Sales Price: March – $414,683 – YTD – $409,043
Median Sales Price: March – $325,000 – YTD – $326,700
Sold Listings: March – 1,671 – YTD – 4,584
Average Days on Market: March – 74 – YTD – 75
Source: Multiple Listing Service of Sandicor, Inc.
During March median prices for attached homes dropped again by 5.00% while median prices for detached homes also dropped by 2.98% compared to those of the previous month. The total number of homes sold during March increased again by almost 155% compared to the number of homes that sold during March 2008.
As a reminder, these numbers represent condos and detached homes that closed escrow during the month of March and have actually been taken of the market during January or February 2009.
