San Diego Real Estate Sales Statistics - December 2009

Take a look at San Diego real estate sales (single family detached homes) for December to see what is happening in our local markets:

Carmel Valley Real Estate Sales (92130 ZIP) - December 2009

Homes Sold 2009: 42
Homes Sold 2008: 20
Change from 2008: +110%

Year-to-Date Homes Sold 2009: 375
Year-to-Date Homes Sold 2008: 367
Difference from 2008: +2%

Median Sales Price 2009: $892,138
Median Sales Price 2008: $955,000
Difference from 2008: -7%

Average Days on Market 2009: 81
Average Days on Market 2008: 49
Difference from 2008: +65%

Rancho Bernardo Real Estate Sales (92128 ZIP) - December 2009

Homes Sold 2009: 42
Homes Sold 2008: 14
Change from 2008: +200%

Year-to-Date Homes Sold 2009: 443
Year-to-Date Homes Sold 2008: 381
Difference from 2008: +16%

Median Sales Price 2009: $530,750
Median Sales Price 2008: $475,500
Difference from 2008: +12%

Average Days on Market 2009: 59
Average Days on Market 2008: 56
Difference from 2008: +5%

Del Mar Real Estate Sales (92014 ZIP) - December 2009

Homes Sold 2009: 15
Homes Sold 2008: 3
Change from 2008: +400%

Year-to-Date Homes Sold 2009: 129
Year-to-Date Homes Sold 2008: 108
Difference from 2008: +21%

Median Sales Price 2009: $1,225,000
Median Sales Price 2008: $840,000
Difference from 2008: +46%

Average Days on Market 2009: 121
Average Days on Market 2008: 108
Difference from 2008: +12%

Solana Beach Real Estate Sales (92075 ZIP) - December 2009

Homes Sold 2009: 12
Homes Sold 2008: 6
Change from 2008: +200%

Year-to-Date Homes Sold 2009: 67
Year-to-Date Homes Sold 2008: 69
Difference from 2008: -3%

Median Sales Price 2009: $982,500
Median Sales Price 2008: $1,200,000
Difference from 2008: -18%

Average Days on Market 2009: 108
Average Days on Market 2008: 154
Difference from 2008: -30%

Sales (92127 ZIP) - December 2009

Homes Sold 2009: 37
Homes Sold 2008: 34
Change from 2008: +9%

Year-to-Date Homes Sold 2009: 400
Year-to-Date Homes Sold 2008: 355
Difference from 2008: +13%

Median Sales Price 2009: $770,000
Median Sales Price 2008: $758,950
Difference from 2008: +10%

Average Days on Market 2009: 85
Average Days on Market 2008: 79
Difference from 2008: +8%

Rancho Santa Fe Real Estate Sales (92067 ZIP) - December 2009

Homes Sold 2009: 9
Homes Sold 2008: 8
Change from 2008: +13%

Year-to-Date Homes Sold 2009: 105
Year-to-Date Homes Sold 2008: 120
Difference from 2008: -13%

Median Sales Price 2009: $2,318,332
Median Sales Price 2008: $2,872,500
Difference from 2008: -19%

Average Days on Market 2009: 163
Average Days on Market 2008: 132
Difference from 2008: +23%

Rancho Santa Fe Real Estate Sales (92091 ZIP) - December 2009

Homes Sold 2009: 2
Homes Sold 2008: 2
Change from 2008: 0%

Year-to-Date Homes Sold 2009: 19
Year-to-Date Homes Sold 2008: 26
Difference from 2008: -7%

Median Sales Price 2009: $2,900,000
Median Sales Price 2008: $3,090,000
Difference from 2008: -60%

Average Days on Market 2009: 46
Average Days on Market 2008: 265
Difference from 2008: +117%

Rancho Penasquitos Real Estate Sales (92129 ZIP) - December 2009

Homes Sold 2009: 31
Homes Sold 2008: 18
Change from 2008: +72%

Year-to-Date Homes Sold 2009: 304
Year-to-Date Homes Sold 2008: 280
Difference from 2008: +9%

Median Sales Price 2009: $525,000
Median Sales Price 2008: $600,000
Difference from 2008: -13%

Average Days on Market 2009: 79
Average Days on Market 2008: 49
Difference from 2008: +61%

Poway Real Estate Sales (92064 ZIP) - December 2009

Homes Sold 2009: 18
Homes Sold 2008: 25
Change from 2008: -28%

Year-to-Date Homes Sold 2009: 367
Year-to-Date Homes Sold 2008: 333
Difference from 2008: +10%

Median Sales Price 2009: $425,000
Median Sales Price 2008: $467,500
Difference from 2008: -9%

Average Days on Market 2009: 92
Average Days on Market 2008: 40
Difference from 2008: +130%

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Contract activity for pending home sales fell after a surge of activity in preceding months to beat the original deadline for the first-time home buyer tax credit but remains comfortably above a year ago, according to the National Association of Realtors®.

The Pending Home Sales Index, a forward-looking indicator based on contracts signed in November, fell 16.0 percent to 96.0 from an upwardly revised 114.3 in October, but is 15.5 percent higher than November 2008 when it was 83.1.

Lawrence Yun, NAR chief economist, said a drop was expected. “It will be at least early spring before we see notable gains in sales activity as home buyers respond to the recently extended and expanded tax credit,” he said. “The fact that pending home sales are comfortably above year-ago levels shows the market has gained sufficient momentum on its own. We expect another surge in the spring as more home buyers take advantage of affordable housing conditions before the tax credit expires.”