San Diego’s Real Estate Market Snapshot for September 2013

September saw a slight dip and slowdown in the number of homes sold throughout San Diego.  The San Diego Association of Realtors compared single family homes sold in Sept 2013 to August 2013, and saw a drop of 20.4% for SF and 16.9% for condos and town homes.  The drop in sales reflects the end of an exceptionally busy real estate season in San Diego as we worked through and closed most available homes for sale.  Also it is common sales drop in the Fall as this is not the most popular time of year to purchase a home.  

The median sales price for single family homes in San Diego for September as compared to August increased only slightly to 0.7% for SF and 1.6% for condos and town homes.

However, comparing the median sales price to last year at the same time, we see a 20.1% increase for SF and a 27.1% increase for condos/town homes.  This is a huge appreciation increase and one that many of us did not forecast to be so great.  

October real estate sales data for San Diego should also come in reflecting a slowing as the government shut down delayed closings and prevented many VA and FHA buyer’s from purchasing a home in San Diego.  However, most experts predict 2014 will be a strong and healthy year for San Diego’s real estate market.  

Home For Sale Sign in Front of Beautiful  Home

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