Tuesday, October 9, 2012

September snap shot for San Diego


It appears I was correct in my last entry. Septembers numbers are lower for properties sold.
I think the most important stat below is the "TOTAL SOLD LISTINGS Comparing September 2012 to August 2012". Septembers Closed properties is over 16% less than Augusts numbers. 
Even though we are entering the lull of the year as the holiday season ramps up. Interest rates are still dropping, and I suspect things will pick back up in October, and then again when we enter the new year. 


MEDIAN SALES PRICE Comparing September 2012 to August 2012 (previous month)

 Single-Family:  3.3% INCREASE
September 2012 = $405,000 August 2012 = $392,250

 Condos/Townhomes = UNCHANGED
September 2012 = $240,000 August 2012 = $240,000

MEDIAN SALES PRICE Comparing September 2012 to September 2011 (previous year)

 Single-Family:  12.5% INCREASE
September 2012 = $405,000 September 2011 = $360,000Page 2 of 2

 Condos/Townhomes:  14.3% INCREASE
September 2012 = $240,000 September 2011 = $210,000

TOTAL SOLD LISTINGS Comparing September 2012 to August 2012 (previous month)

 Single-Family: 16.1% DECREASE
September 2012 = 1,888 August 2012 = 2,250

 Condos/Townhomes: 18.5% DECREASE
September 2012 = 829 August 2012 = 1,017

TOTAL SOLD LISTINGS Comparing September 2012 to September 2011 (previous year)

 Single-family: 9.6% INCREASE
September 2012 = 1,888 September 2011 = 1,722

 Condos/Townhomes: 4.4% INCREASE
September 2012 = 829 September 2011 = 794


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Tuesday, October 2, 2012

MLS Searches this morning.

This month again, we are slipping lower in inventory of both single family and attached real estate for sale in San Diego.
I ran a quick search this morning for only Single family homes in San Diego that are listed as Active. The results were 3,825 detached homes available this morning. What may be even more surprising is that pending properties, currently in escrow, are showing a total of 3,347. Not far from the amount that are active. As for short sales waiting approval with accepted offer, 2,588 existed.
Sold detached homes between Sept. 1 and Sept. 30th are shown as 1,785 total. ( which appears to be down from August)



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