NewsMaking It In San Diego


Single-family home sales hold steady in San Diego County

Posted at 3:56 PM, Jun 10, 2019
and last updated 2019-06-10 18:57:44-04

SAN DIEGO (KGTV) - Condo and townhome sales increased more than 7 percent from April to May in San Diego County, while single-family home sales held steady, the Greater San Diego Association of Realtors reported Monday.

Attached property sales increased 7.3 percent from 983 in April to 1,055 in May. Month-over-month sales of single-family homes increased by just 0.7 percent from 2,023 in April to 2,037 in May. Property sales, which plunged during the winter, have had steady increases since January.

The price of single-family homes rose 1.2 percent from $652,200 in April to $660,000 in May. Attached property prices grew 3.3 percent from $420,000 in April to $434,000 in May.

``Sellers still have the upper hand in this market,'' said SDAR President Kevin Burke. ``However, buyers who take the time to research neighborhoods should find more homes for sale than they would have a year ago.''

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Property sales fell behind totals from May 2018, SDAR reported. Single-family home sales dropped 7.1 percent, from 2,194 in May 2018 to 2,037 last month while attached properties fell 7.6 percent.

The neighborhood with the most homes sold in San Diego County was West Rancho Bernardo, where 55 homes left the market. San Marcos South, Fallbrook, Ramona and Encinitas were also in the top five zip codes for home sales.

City News Service contributed to this report.