Detached Single-Family Homes
The 830 homes sold in August is the second highest total for the month, despite the 1.5percent drop in sales compared to the record-high 843 from August 2019. Additionally, this is well above the August historical average of 693 homes sold, and is the second consecutive month that sales have dropped slightly on a monthly basis. With the 6.1 percent increase in median sales price last month, this is the 39thconsecutive month that this figure has increased or stayed the same on a monthly basis.
With 610 condos sold last month, it was the fourth-most active August in history in the San Diego region. This was a 1 percent gain from January 2018 condo sales and is the second consecutive month that condo sales have softened slightly. Additionally, this total was comfortably above the monthly average of 530 sold condos.On an annual basis, the median sales prices for condos rose to $500,000 last month, which is the 12th consecutive month that the median sales price has risen on monthly basis in San Diego.
Homes In August of 2019 there were 179 multi-family homes sold in San Diego, which is the highest amount on record for the month. This is also a return to positive, albeit nearly even, sales numbers as December’s multi-family sales were down 7.5 percent.Among multi-family homes, the two-family homes saw the most activity last month, as 119 units were sold. Additionally, two, three and five or more-family homes saw increases in median sales price, as four-family homes declined 14.2 percent.