1st Quarter San Diego Home Sales – Get the Facts
Posted by Diane White | Visited 869 times, 1 so far today | Currently 2 Comments »
The number of sales for the 1st Quarter 2009 have almost doubled over 1st Quarter 2008, according to Sandicor/MLS statistics, and they are selling faster:
2008 4,519 Solds
• $536,451 Average SP • $295.11 Average SP per SF • 75 DOM
2009 8,822 Solds
• $356,532 Average SP • $210.82 Average SP per SF • 65 DOM
DataQuick is reporting the number of sales have increased in resale and new homes over February. Click on the images below to read the full reports:
What is happening in April? Here are some ineresting facts:
- 13,317 Active Listings – Average List Price is $819,538
- 7,064 Currently Pending – Average List Price $362,047
- 1,819 Sold Listings - Average Sold Price $374,456
- Average Sold Price is 5% higer then 1st Quarter Sales
- Average Sales Price to Listing Price is 98%
Average home prices increasing in April? Absolutely no surprise to me. Especially in the lower priced homes. It is common to have multiple offers and prices going over the asking price. I wrote a contract this week on a property that had 6 offers that were $30,000 plus over the asking price of $320,000 and 47 people trying to get qualified to make additional offers….47!
There may be more bank owned properties coming on the market, but there are plenty of buyers who will sweep them up quickly. If you are considering getting into the market now, get pre-approved first…you need to move very fast. Call me if would like specific area information.
Here is another article you might find interesting: Investors – Is Cash King?
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