Market Shows More Signs of Stabilizing, According to Greater San Diego Association of REALTORS(R)
Median Price of Resale Homes Dipped Slightly in October to Just Under $500,000
(firmenpresse) - SAN DIEGO, CA -- (Marketwired) -- 11/07/14 -- The San Diego County housing market continues to stabilize, according to new housing statistics from the (SDAR).
The median price of single-family resale homes dipped slightly in October to just under $500,000. Sale prices of condos and townhomes held steady at $337,500. Single-family home prices are about 4.5 percent higher than a year ago, while prices of condos/townhomes are up 14 percent. Taken together, all resale home prices are up about 8 percent from October 2013.
While month-over-month sales of previously owned single-family homes increased 2 percent in October, sales of condo/townhouses decreased by more than 3 percent. Combined, sales are down about 9 percent from a year ago.
The number of active listings on the Multiple Listing Service (MLS) in San Diego County is just under 8,000, representing three months of housing stock. (Six months is considered a healthy inventory level.) On average, homes on the market are being snapped up within 45 of being listed.
"These new numbers are encouraging because they tell us the San Diego housing market has become more balanced," said Leslie Kilpatrick, 2014 SDAR Board President. "Homes aren''t staying on the market long, so homeowners who are thinking of selling are in a good position. While inventory has grown, the most sought after properties sell quickly, so buyers need to be prepared to act. This is not the time to sit on the sidelines if a move is in your future."
In the month of September, the zip codes in San Diego County with the most single-family sales were:
92057 (Oceanside) with 50
92028 (Fallbrook) with 49
92128 (Rancho Bernardo) with 45
92127 (Rancho Bernardo) with 44
92009 (Carlsbad) with 43
The most expensive listing sold last month in the county: a 6-bedroom, 9-bath, 12,585-square-foot home in Rancho Santa Fe that sold for $6 million.
SDAR''s housing statistics are compiled monthly from the Multiple Listing Service (MLS). Click for a detailed look at the numbers. Here is a summary:
October 2014 = $ 496,750
September 2014 = $ 510,000
October 2014 = 337,500
September 2014 = $ 337,500
October 2014 = $ 496,750
October 2013 = $ 475,000
October 2014 = $ 337,500
October 2013 = $ 296,000
October 2014 = 1,764
September 2014 = 1,728
October 2014 = 835
September 2014 = 865
October 2014 = 1,764
October 2013 = 1,906
October 2014 = 835
October 2013 = 944
With roughly 12,000 members, the is the largest trade association in the county. Our REALTORS® adhere to a code of ethics and professional standards above and beyond the norm. We help our members sell more homes. We help people realize the dream of home ownership. And we are dedicated to protecting private property rights. You can follow SDAR on , and .
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Datum: 07.11.2014 - 09:18 Uhr
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News-ID 1316578
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