San Diego real estate that sold and closed during March 2012 for resale condos, townhomes and detached homes as reported through Sandicor and the San Diego Association of Realtors were as follow:
Attached Single Family Homes (Condos – Townhomes)
Total Sales Volume: March – $247,596,766 – YTD – $619,881,221
Average Sales Price: March – $282,001 – YTD – $262,217
Median Sales Price: March – $220,000 – YTD – $209,000
Sold Listings: March – 878 – YTD – 2,364
Average Days on Market: March – 96 – YTD – 104
Detached Single Family Homes
Total Sales Volume: March – $909,511,219 – YTD – $2,298,914,776
Average Sales Price: March – $480,714 – YTD – $463,865
Median Sales Price: March – $364,450 – YTD – $356,000
Sold Listings: March – 1,892 – YTD – 4,956
Average Days on Market: March – 87 – YTD – 91
Source: Multiple Listing Service of Sandicor, Inc.
Spring is here! During March of 2012 as expected we saw a double digit increase in total sales of existing condos, townhomes and detached homes. March posted a 32.85% increase in detached homes and posted a 33.12% increase in attached (condos, and townhomes) single family properties when compared to total sales of February 2012.
When comparing those figures with those of March of last year, we see a 2.85% increase in detached homes and an 1.65% decrease in condo and townhome closings. Year-to-Date Median sale prices ended up a bit lower from those of March of last year for detached homes at $356,000 and higher for condos and townhomes at $209,000.
As a reminder, the above numbers represent condos and detached homes that closed escrow during the month of March 2012 and have actually been taken of the market during January or February 2012.
