San Diego Real Estate Activity for April 2014 Snapshot
- – 4.4% – One-Year Change in Pending Sales
- – 7.2% – One-Year Change in Closed Sales
- + 18.6% – One-Year Change in Median Sales Price
- – 10.7% – One-Year Change in Homes for Sale Inventory
- + 3.0% – One-Year Change in New Listings Inventory
With housing recovery now maturing into the next phase, expect to see signs of stability and ongoing health in the San Diego real estate market. It’s also a critical time to dig beneath the headlines and assess real estate market activity by segment.
- + 31.9% – Price Range With Strongest Pending Sales: $1,000,001 to $1,250,000
- – 1.0% – Home Size With Strongest Pending Sales: 1,500 Sq Ft and Below
- + 2.1% – Property Type With Strongest Pending Sales: Condos – Townhomes
For the 12-month period spanning May 2013 through April 2014, Pending Sales in San Diego County were down 4.4% overall. The price range with the largest gain in sales was the $1,000,001 to $1,250,000 range, where they increased 31.9%.
The overall Median Sales Price was up 18.6% to $415,000. The property type with the largest price gain was the Condos – Townhomes segment, where prices increased 23.2% to $305,000. The price range that tended to sell the quickest was the $500,001 to $750,000 range at 39 days; the price range that tended to sell the slowest was the $250,000 Or Less range at 74 days.
Market-wide, inventory levels were down 10.7%. The property type that lost the least inventory was the Condos – Townhomes segment, where it decreased 9.7%. That amounts to 2.8 months inventory supply for Single-Family Homes and 2.3 months supply for Condos – Townhomes.
Residential real estate activity in San Diego County, comprised of single family properties, townhomes and condominiums. Percent changes are calculated using rounded figures.
Source: San Diego Association of REALTORS® – All data from Sandicor, Inc.