Countywide sales of previously owned single-family homes and attached properties like condominiums and townhomes both increased by more than 5 percent from March to April, according to data released Wednesday by the Greater San Diego Association of Realtors.
Single-family home sales increased 9 percent from 1,780 in March to 1,940 last month, while month-over-month attached property sales increased 6.8 percent, from 872 to 931. Sales of both property types have increased for four consecutive months to open the year.
Month-over-month median single-family home prices ticked up by 4 percent, from $629,945 in March to $655,000 in April. Attached property prices held steady at $420,000. Prices of both property types have increased incrementally each month this year, with the exception of attached property prices from March to April.
“Buyer demand is growing in force this spring,” said SDAR President Kevin Burke. “For well-priced homes in desirable locations, I can tell you that competition is fierce.”
Sales of both property types lagged behind year-ago levels, with attached property sales declining by more than 10 percent. Single-family home sales dipped 2.1 percent — from 1,981 in April 2018 to 1,940 last month, which attached property sales dropped 12.1 percent, from 1,059 to 931.
Year-over-year median prices for single-family homes increased 2.3 percent, from $640,000 in April 2018 to $655,000 last month. Attached property prices across the same span of time dipped 1.9 percent, from $425,000 in April 2018 to $420,000 a year later.
Realtors sold 52 single-family homes in Ramona last month, the most of any zip code in the county, followed by Encanto at 48 and northern Oceanside and Santee, tied at 47.
–City News Service