San Diego County’s real estate business picked up a little steam in December, ending a string of several months of slowing sales, the San Diego Association of Realtors reported Friday.
The median price of a single-family home sold last month was $539,000, 1 percent higher than the month before, and 9 percent more than the same period in 2014, according to the SDAR.
For attached residences like condominiums and townhouses, the median sales price in December was $359,750, up 6 percent from November and 10 percent from the same month in 2014.
The number of properties sold last month was far greater than November.
SDAR data showed that 1,715 houses changed hands in December, 16 percent above the previous month’s total.
In the one down note in today’s report, the number of houses sold was 9 percent below the figure from December 2014.
Condos and townhomes sales — totaling 919 — showed a 17 percent leap between November and December. That figure is basically unchanged from December of the previous year.
“I’m hopeful that growth in all areas of the economy, combined with moderate price increases in 2015 and 2016, will sustain affordability and encourage more sellers and buyers to consider their prospects for the move-up market in San Diego,” said SDAR President Cory Shepard.
The most expensive listing to change hands in the county in December was an 11-bedroom, 12-bath, 16,700-square-foot home in the Village of La Jolla, built in 1985, which sold for $9 million.
—City News Service