San Diego real estate that sold and closed during October 2011 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: October – $198,264,192 – YTD – $2,364,314,196
Average Sales Price: October – $265,770 – YTD – $265,594
Median Sales Price: October – $207,500 – YTD – $207,500
Sold Listings: October – 746 – YTD – 8,902
Average Days on Market: October – 105 – YTD – 96
Detached Single Family Homes
Total Sales Volume: October – $725,004,452 – YTD – $8,566,081,759
Average Sales Price: October – $468,955 – YTD – $487,679
Median Sales Price: October – $355,000 – YTD – $368,000
Sold Listings: October – 1,546 – YTD – 17,565
Average Days on Market: October – 91 – YTD – 84
Source: Multiple Listing Service of Sandicor, Inc.
During October of 2011 we again saw a decrease in total sales of existing condos, townhomes and detached homes posting a 12.69% decrease in detached homes and posted a 8.02% decrease in attached (condos, and townhomes) single family properties when compared to total sales of September 2011.
When comparing those figures with those of October of last year, we see a 5.95% decrease in detached homes and a 6.49% decrease in condos and townhome closings. Median sale prices are still lower from those of October of last year; detached homes at $368,000 and condos and townhomes at $207,500.
As a reminder, the above numbers represent condos and detached homes that closed escrow during the month of October 2011 and have actually been taken of the market during August or September 2011.
