San Diego real estate statistics that sold and closed during March 2013 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 – $347,385,859 – YTD – $818,795,712
Average Sales Price: March – $347,039 – YTD – $321,601
Median Sales Price: March – $285,000 – YTD – $260,000
Sold Listings: March – 1,001 – YTD – 2,546
Average Days on Market: March – 63 – YTD – 72
Detached Single Family Homes
Total Sales Volume: March – $1,157,334,221 – YTD – $2,838,294,535
Average Sales Price: March – $554,014 – YTD – $524,736
Median Sales Price: March – $432,000 – YTD – $410,000
Sold Listings: March – 2,089 – YTD – 5,409
Average Days on Market: March – 59 – YTD – 68
Source: Multiple Listing Service of Sandicor, Inc.
After the normally slow first 2 month of the year, during March we saw a very healthy double digit increase in the total sales volume in both existing condos, townhomes and detached homes when compared to last month. March posted a 47.04% increase in detached homes and posted a 45.51% increase in attached (condos, and townhomes) single family properties when compared to total sales volume in February 2013. When compared to those in March of 2012, detached homes posted again a double digit increase of 27.25% and also attached homes posted a 40.30% increase in total sales volume.
Year-to-Date Median sale prices continue to rise and ended up higher from those of March of 2012 for detached homes above the $400,000 mark at $410,00 a 15.49% increase and again higher for condos and townhomes at $260,000 a 25.6% increase.
As a reminder, the above numbers represent condos and detached homes that closed escrow during the month of March 2013 and most have actually been taken of the market during January or February.
