San Diego home listings that closed during May 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: May – $231,930,555 – YTD – $1,041,097,406
Average Sales Price: May – $256,277 – YTD – $242,850
Median Sales Price: May – $204,000 – YTD – $187,500
Sold Listings: May – 905 – YTD – 4,287
Average Days on Market: May – 78 – YTD – 77
Detached Single Family Homes
Total Sales Volume: May – $807,906,757 – YTD – $3,570,333,709
Average Sales Price: May – $452,355 – YTD – $422,775
Median Sales Price: May – $340,000 – YTD – $330,000
Sold Listings: May – 1,786 – YTD – 8,445
Average Days on Market: May – 71 – YTD – 74
Source: Multiple Listing Service of Sandicor, Inc.
For the second straight month, during May median prices for attached homes increased by 13.33% while median prices for detached homes also increased slightly by 1.49% compared to those of the previous month. The total number of homes sold during May remained almost flat compared to the number of homes that sold during May 2008. May is the first month in a while in which the median price for condos and townhomes increased by double digits.
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.
