San Diego real estate statistics that sold and closed during May 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: May – $374,003,872 – YTD – $1,541,101,339
Average Sales Price: May – $365,595 – YTD – $336,118
Median Sales Price: May – $305,500 – YTD – $275,000
Sold Listings: May – 1,023 – YTD – 4,585
Average Days on Market: May – 61 – YTD – 68
Detached Single Family Homes
Total Sales Volume: May – $1,462,853,473 – YTD – $5,664,633,198
Average Sales Price: May – $603,986 – YTD – $556,010
Median Sales Price: May – $466,000 – YTD – $430,000
Sold Listings: May – 2,422 – YTD – 10,188
Average Days on Market: May – 51 – YTD – 62
Source: Multiple Listing Service of Sandicor, Inc.
Increases across the board during May! We saw an increase in the total sales volume in existing condos, townhomes and an increase in detached homes when compared to last month. May posted a 17.35% increase in detached homes and posted a 20.88% increase in attached (condos, and townhomes) single family properties when compared to total sales volume in April 2013. When compared to those in May of 2012, detached homes posted a very healthy double digit increase of 31.76% and also attached homes posted a 37.11% increase in total sales volume.
Year-to-Date Median sale prices continue to rise and ended up higher from those in May of 2012 for detached homes at $430,000 a 19.05% increase and again higher for condos and townhomes at $275,000 a 30.95% increase.
As a reminder, the above numbers represent condos and detached homes that closed escrow during the month of May 2013 and most have actually been taken of the market during March or April.
