San Diego Real Estate Sales Statistics - October 2009

Aided by the home buyer tax credit, the outlook for housing and the economy appears headed for a sustainable recovery, according to the National Association of Realtors®.

Lawrence Yun, NAR chief economist, said the projections are enhanced by a tax credit expansion to more home buyers through the middle of 2010. “Given the success of the first-time buyer tax credit to date, and the need for qualified buyers to continue to absorb inventory that will include additional foreclosures over the coming year, we are hopeful about the impact of the expanded tax credit because it will stabilize home prices, he said. “In fact, the credit is working better than first projected – it now looks like we’ll have 2.3 to 2.4 million first-time buyers this year.

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

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

Homes Sold 2009: 27
Homes Sold 2008: 25
Change from 2008: +8

Year-to-Date Homes Sold 2009: 303
Year-to-Date Homes Sold 2008: 326
Difference from 2008: -7%

Median Sales Price 2009: $848,000
Median Sales Price 2008: $1,100,000
Difference from 2008: -23%

Average Days on Market 2009: 60
Average Days on Market 2008: 91
Difference from 2008: -34%

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

Homes Sold 2009: 39
Homes Sold 2008: 30
Change from 2008: +30%

Year-to-Date Homes Sold 2009: 290
Year-to-Date Homes Sold 2008: 293
Difference from 2008: -1%

Median Sales Price 2009: $290,000
Median Sales Price 2008: $255,000
Difference from 2008: +14%

Average Days on Market 2009: 52
Average Days on Market 2008: 63
Difference from 2008: -17%

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

Homes Sold 2009: 12
Homes Sold 2008: 6
Change from 2008: +100%

Year-to-Date Homes Sold 2009: 99
Year-to-Date Homes Sold 2008: 88
Difference from 2008: +13%

Median Sales Price 2009: $1,263,250
Median Sales Price 2008: $2,250,000
Difference from 2008: -44%

Average Days on Market 2009: 112
Average Days on Market 2008: 112
Difference from 2008: 0%

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

Homes Sold 2009: 12
Homes Sold 2008: 4
Change from 2008: +200%

Year-to-Date Homes Sold 2009: 71
Year-to-Date Homes Sold 2008: 57
Difference from 2008: +25%

Median Sales Price 2009: $558,000
Median Sales Price 2008: $680,550
Difference from 2008: -18%

Average Days on Market 2009: 89
Average Days on Market 2008: 101
Difference from 2008: -12%

4S Ranch Real Estate Sales (92127 ZIP) - October 2009

Homes Sold 2009: 24
Homes Sold 2008: 10
Change from 2008: +140%

Year-to-Date Homes Sold 2009: 162
Year-to-Date Homes Sold 2008: 137
Difference from 2008: +18%

Median Sales Price 2009: $324,500
Median Sales Price 2008: $254,950
Difference from 2008: -27%

Average Days on Market 2009: 81
Average Days on Market 2008: 54
Difference from 2008: -50%

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

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

Year-to-Date Homes Sold 2009: 2
Year-to-Date Homes Sold 2008: 4
Difference from 2008: -50%

Median Sales Price 2009: $900,000
Median Sales Price 2008: $1,070,000
Difference from 2008: -16%

Average Days on Market 2009: N/A
Average Days on Market 2008: 273
Difference from 2008: N/A

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

Homes Sold 2009: 1
Homes Sold 2008: 2
Change from 2008: +1 00%

Year-to-Date Homes Sold 2009: 16
Year-to-Date Homes Sold 2008: 15
Difference from 2008: +77%

Median Sales Price 2009: $730,000
Median Sales Price 2008: $749,000
Difference from 2008: -3%

Average Days on Market 2009: 104
Average Days on Market 2008: 95
Difference from 2008: +9%

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

Homes Sold 2009: 19
Homes Sold 2008: 18
Change from 2008: +6%

Year-to-Date Homes Sold 2009: 142
Year-to-Date Homes Sold 2008: 128
Difference from 2008: +11%

Median Sales Price 2009: $220,000
Median Sales Price 2008: $210,500
Difference from 2008: -5%

Average Days on Market 2009: 57
Average Days on Market 2008: 77
Difference from 2008: -26%

Poway Real Estate Sales (92064 ZIP) - October 2009

Homes Sold 2009: 24
Homes Sold 2008: 17
Change from 2008: +7%

Year-to-Date Homes Sold 2009: 324
Year-to-Date Homes Sold 2008: 281
Difference from 2008: +15%

Median Sales Price 2009: $450,300
Median Sales Price 2008: $572,500
Difference from 2008: -21%

Average Days on Market 2009: 70
Average Days on Market 2008: 83
Difference from 2008: -16%

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