San Diego Home Sales Drop
The San Diego Association of Realtors latest report for San Diego single-family home resales for the month of November were down by 25% when compared to November 2014! Also, condominium and townhome sales were down by 24% from October but on a year-to-year basis were actually up!
Now, as far as the San Diego median single-family home prices, they were up 10% in November compared to October’s median home price. It looks like San Diego home prices are on track to finish the year up approximately 6% over 2014!
The number of San Diego resale properties continued to slip in November, to approximately a 2.1 month supply, when usually a 5 to 6 month supply of resale properties is considered to be a healthy market.
A five bedroom, 8 bath, 9,100 ft.² home in La Jolla was the most expensive single-family residence to sell in November. The sales price of this La Jolla home was $12 million!
More info at SDAR
