Real estate in San Diego that sold and closed during October 2010 for resale condos, townhomes and detached single family homes as reported through Sandicor and the San Diego Association of Realtors were as follow:
Attached Single Family Homes (Condos – Townhomes)
Total Sales Volume: October – $212,026,301 – YTD – $2,586,576,645
Average Sales Price: October – $265,697 – YTD – $268,735
Median Sales Price: October – $213,500 – YTD – $220,000
Sold Listings: October – 798 – YTD – 9,625
Average Days on Market: October – 89 – YTD – 83
Detached Single Family Homes
Total Sales Volume: October – $770,905,772 – YTD – $8,731,691,567
Average Sales Price: October – $514,280 – YTD – $499,011
Median Sales Price: October – $384,500 – YTD – $385,000
Sold Listings: October – 1,499 – YTD – 17,498
Average Days on Market: October – 77 – YTD – 73
Source: Multiple Listing Service of Sandicor, Inc.
During October 2010 median prices for attached (condos) slightly increased by 0.28% and median prices for detached homes decreased by 1.41% compared to those of the previous month (September 2010). Median real estate prices in both attached and detached homes have both retain a double digit increase at 10.00% when compared to those of the previous year (October 2009). The total number of homes sold in September decreased again versus August continuing this year’s trend. Interest rates continue to be at their lows and overall median sale prices hold steady a 10% increase over those of October 2009.
The above numbers represent condos and detached homes that closed escrow during the month of October 2010 and have actually been taken of the market during August or September 2010.