San Diego real estate that sold and closed during March 2010 for resale condos, 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 – $262,807,763 – YTD – $663,110,106
Average Sales Price: March – $273,473 – YTD – $263,243
Median Sales Price: March – $225,000 – YTD – $215,000
Sold Listings: March – 961 – YTD – 2,519
Average Days on Market: March – 76 – YTD – 79
Detached Single Family Homes
Total Sales Volume: March – $880,607,185 – YTD – $2,130,862,494
Average Sales Price: March – $508,140 – YTD – $488,394
Median Sales Price: March – $397,000 – YTD – $375,000
Sold Listings: March – 1,733 – YTD – 4,363
Average Days on Market: March – 71 – YTD – 71
Source: Multiple Listing Service of Sandicor, Inc.
During March 2010 median prices for attached (condos) increased by 4.65% and median prices for detached homes also inceased by 7.29% compared to those of the previous month (February 2010). Median real estate prices in both attached and detached homes have again increased in double ditgits, 28.02% for attached homes and 22.15% for detached homes when compared to those of the previous year (March 2009). This month’s increase – in excess of 20% – in my opinion definately means that we finally saw the bottom last year and now slightly we start seeing an increase in property prices in San Diego!
The above numbers represent condos and detached homes that closed escrow during the month of March 2010 and have actually been taken of the market during January or February 2010.
