Lower Prices and More Homes Sold in Q1 2010 then Q1 2009

The data below provides a comparison of sold properties between Q1 2010 and Q1 2009 for the community of Pacific Beach, San Diego, California.  Data for this same period is also provided below looking only at detached single-family homes, and then just at condominiums and townhomes.

ALL PROPERTIES SOLD

For all sold properties listed in the San Diego MLS (known as Sandicor, Inc.), there was a 27% increase in the number of properties sold in Q1 2010 compared to Q1 2009.  The average price of sold properties dropped 10.9% in Q1 2010 compared to Q1 2009, and the median price dropped 17.3% in Q1 2010 compared to Q1 2009.  However, the average price per square foot of all sold properties remained relatively the same showing only a .38% gain in Q1 2010 compared to Q1 2009. Additional statistics for all sold properties is provided below.

Home Price Comparison of Q1 2010 vs. Q1 2009

DETACHED SINGLE-FAMILY HOMES

Looking only at detached single-family homes that sold through the San Diego MLS (known as Sandicor, Inc.), there was a 19% increase in the number of homes sold in Q1 2010 compared to Q1 2009.  The average price of sold homes dropped 15.3% in Q1 2010 compared to Q1 2009, and the median price dropped 5.2% in Q1 2010 compared to Q1 2009.  The average price per square foot of all sold homes dropped 15.9% in Q1 2010 compared to Q1 2009. Additional statistics for all sold homes is provided below.

Detached Home Price Comparison Q1 2010 to Q1 2009

Looking only at condominiums and townhomes that sold through the San Diego MLS (known as Sandicor, Inc.), there was a 31% increase in the number of condominiums and townhomes sold in Q1 2010 compared to Q1 2009.  The average price of sold condominiums and townhomes dropped 4.2% in Q1 2010 compared to Q1 2009, and the median price dropped 22% in Q1 2010 compared to Q1 2009.  The average price per square foot of all sold condominiums and townhomes increased 9.8% in Q1 2010 compared to Q1 2009. Additional statistics for all sold condominiums and townhomes is provided below. 

Condos and Towhomes Price Comparison Q1 2010 vs. Q1 2009

TRENDS

Looking specifically at the data for detached single-family homes and the data for condominiums and townhomes, there are two clear trends. More properties sold in Q1 2010 then Q1 2009. Second, prices were down 5% to 15% for single-family homes, and 4% to 22% for condominiums/townhomes.

Please contact me if you have any questions about home pricing trends in Pacific Beach, San Diego.

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Sales Statistics, February 2010

Total Residential Properties Sold = 25

Detached single-family Homes 

  • 8 homes sold
  • The highest-priced home sold was $1,435,000
  • The lowest-priced home sold was $445,000
  • The average price of sold homes was $751,937
  • The median price of sold homes was $672,750
  • On average, homes took 97 days to sell
  • On average, seller’s obtained  92% of their asking price
  • The average price per square foot was $520.51

Condominiums and Townhomes

  • 17 condos or townhomes sold.
  • The highest-priced condo/townhome sold was $1,050,000
  • The lowest-priced condo/townhome sold was $225,000
  • The average price of sold condos/townhomes was $417,617
  • The median price of sold condos/townhomes was $319,500
  • On average, condos/townhomes took 128 days to sell
  • On average, seller’s obtained 97% of their asking price
  • The average price per square foot was $465.18

If you have questions about real estate sales trends in Pacific Beach, then please contact me using the form below. 

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Sales Statistics, January 2010

Total Residential Properties Sold = 24

 

Detached single-family Homes 

  • 6 homes sold
  • The highest-priced home sold was $955,000
  • The lowest-priced home sold was $350,000
  • The average price of sold homes was $661,000
  • The median price of sold homes was $703,000
  • On average, homes took 50 days to sell
  • On average, seller’s obtained  95% of their asking price
  • The average price per square foot was $468.07

Condominiums and Townhomes

  • 18 condos or townhomes sold.
  • The highest-priced condo/townhome sold was $1,475,000
  • The lowest-priced condo/townhome sold was $170,000
  • The average price of sold condos/townhomes was $550,138
  • The median price of sold condos/townhomes was $352,500
  • On average, condos/townhomes took 95 days to sell
  • On average, seller’s obtained 95% of their asking price
  • The average price per square foot was $480.53

If you have questions about real estate sales trends in Pacific Beach, then please contact me using the form below. 

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Sales Statistics, 2009, Year End Summary

Total Residential Properties Sold = 378

Only Detached single-family Homes = 130

  • The highest-priced home sold was $3,600,000
  • The lowest-priced home sold was $342,000
  • The average price of sold homes was $888,702
  • The median price of sold homes was $753,000
  • On average, homes took 75 days to sell
  • On average, seller’s obtained  95% of their asking price
  • The average price per square foot was $527.81

Condominiums and Townhomes = 248

  • The highest-priced condo/townhome sold was $2,350,000
  • The lowest-priced condo/townhome sold was $127,900
  • The average price of sold condos/townhomes was $478,253
  • The median price of sold condos/townhomes was $434,500
  • On average, condos/townhomes took 85 days to sell
  • On average, seller’s obtained 97% of their asking price
  • The average price per square foot was $432.93

If you have questions about real estate sales trends in Pacific Beach, then please contact me using the form below. 

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Home Price Reductions in 2009, Average Price Per Sq Ft

January 21, 2010

WHY USE THE AVERAGE PRICE PER SQUARE FOOT
The average price per square foot calculation is used because it allows us to make comparisons between different types and sizes of homes. The price per square foot is calculated by dividing the square footage of a home, by the home’s sales price. For example, if a home [...]

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