San Diego home sales that closed during May 2008 for resale attached condos, studios, lofts and townhomes as well as sales for 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: May – $287,862,863 – YTD – $1,124,152,631
Average Sales Price: May – $367,172 – YTD – $366,173
Median Sales Price: May – $285,000 – YTD – $291,337
Sold Listings: May – 784 – YTD – 3,070
Average Days on Market: May – 80 – YTD – 80
Detached Single Family Homes
Total Sales Volume: May – $912,940,918 – YTD – $3,655,788,776
Average Sales Price: May – $594,363 – YTD – $605,765
Median Sales Price: May – $433,000 – YTD – $440,000
Sold Listings: May – 1,536 – YTD – 6,035
Average Days on Market: May – 74 – YTD – 78
Source: Multiple Listing Service of Sandicor, Inc.
During May of 2008 we see again that the median prices have again dropped compared to April bringing the total price drop from the 2007 median price to 22.97% for attached homes and 26.61% for detached homes.
As a reminder, these numbers represent condos and detached homes that closed escrow during the month of May and have actually been taken of the market during March or April.
