San Diego Housing Sales Fell In January
The San Diego Association of Realtors reported on Thursday another mixed bag of results for the area's real estate market in January.
The 1,269 single-family homes that changed hands last month was down 26 percent when compared to December. The median sales price was $532,000, 1 percent lower.
For condominiums and townhomes, 639 were sold, 30 percent fewer than December. The median sales price of $355,000 was also down 1 percent.
After several months of declines last fall, December saw a spike in sales, making it difficult for the real estate market to keep up in January.
"We experienced a typical seasonal ebb in January sales," said SDAR 2016 President Cory Shepard. "Many buyers and sellers try to close transactions before the end of the year. I expect we will see a gradual rise in sales as we head toward spring."
On an annual basis, January's sales total was down just 4 percent for houses and was unchanged for condos, compared to the same period in 2015.
The median sales price for houses was 8 percent higher compared to January 2015, and for condos, 9 percent more.
The most expensive listing sold in the county in January was a three- bedroom, three-bath, 1,660-square-foot home on the coast in Del Mar, built in 1986, with a sale price of $13 million, according to the SDAR.