February 2014 San Diego Home Sales

Real estate sales in San Diego continue to remain strong.  The average sales price for condos as well as single family homes rose from February last year.  The average sales price for San Diego condos and town homes was $359,490 for the month of February.  Compared to last year when the average sales price was $313,311.   Similar, single family homes in San Diego rose to an average sales price of $596,907 compared to $521,946.  

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.  

Median Sales Price Feb 2014
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 February this year was 56 days which is down compared to 74 days last year.  Single family homes last month also saw a significant drop from 54 days in 2014 compared to 70 in February 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!

All rights reserved. All information deemed reliable but not guaranteed.