January 2014 San Diego Home Sale Statistics Are In

Real estate sales in San Diego started the year off with a bang!  The average sales price for condos as well as single family homes rose from January last year.  The average sales price for San Diego condos and town homes was $367, 315 for the month of January.  Compared to last year when the average sales price was $306,234.   Similar, single family homes in San Diego rose to an average sales price of $644,227 compared to $502,398.  

The chart below, provided by the San Diego Association of Realtors illustrates the median sales price for both condos as well as single family homes here in San Diego.  Overall, it is easy to see the upward trend in real estate.  

Condo prices as well as single family homes in San Diego remain strong

Condo prices as well as single family homes in San Diego remain strong

 

The average number of days on the market, also referred to as the amount of time required for a home to sell, has also shorted since last year.  For condo’s, the actual market time in January this year was 61 days which is down compared to 79 days last year.  Single family homes last month also saw a significant drop from 55 days in 2014 compared to 73 in January 2013.  

In general, the data supports that we will have another great year in San Diego’s housing market.  

What are you waiting for?  Give me a ring today if you have any questions as to the value of your home or how to begin the house buying process!

 

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