San Diego real estate statistics that sold and closed during October 2012 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 – $270,193,351 – YTD – $2,618,886,975
Average Sales Price: October – $306,342 – YTD – $284,260
Median Sales Price: October – $246,000 – YTD – $225,000
Sold Listings: October – 882 – YTD – 9,213
Average Days on Market: October – 88 – YTD – 94
Detached Single Family Homes
Total Sales Volume: October – $1,107,908,168 – YTD – $10,287,088,086
Average Sales Price: October – $534,963 – YTD – $498,261
Median Sales Price: October – $400,000 – YTD – $379,000
Sold Listings: October – 2,071 – YTD – 20,646
Average Days on Market: October – 74 – YTD – 83
Source: Multiple Listing Service of Sandicor, Inc.
This month we saw an increase in total sales volume in both existing condos, townhomes and detached homes compared to last month. October posted a 16.13% increase in detached homes and posted a 7.30% increase in attached (condos, and townhomes) single family properties when compared to total sales of September 2012. When compared to those in October of 2011, detached homes posted a dramatic double digit increase of 52.81% and also attached homes posted a 36.28 increase in sales volume.
Year-to-Date Median sale prices ended up also higher from those of October of 2011 for detached homes at $379,000 a 3.12% increase and again higher for condos and townhomes at $225,000 an 8.69% increase.
As a reminder, the above numbers represent condos and detached homes that closed escrow during the month of October 2012 and have actually been taken of the market during August or September 2012.
