San Diego Real Estate Sales Statistics - March 2010

Pending home sales rose sharply in February, potentially signaling a second surge of home sales in response to the home buyer tax credit, according to the National Association of Realtors®. Contracts signed in February, rose 8.2 percent above February 2009. The data reflects contracts and not closings, which usually occur with a lag time of one or two months.

Lawrence Yun, NAR chief economist, said the improvement is another hopeful sign. “The rise in pending sales may signal the early stages of a second surge of home sales this spring. The healthy gain hints home prices are continuing to flatten. We need a second surge to reduce inventory and stabilize home values.

Take a look at San Diego real estate sales (single family detached homes) for March 2010 to see how the recovery is progressing locally:

Carmel Valley Real Estate Sales (92130 ZIP) - March 2010

Homes Sold 2010: 22
Homes Sold 2009: 12
Change from 2009: +83%

Year-to-Date Homes Sold 2010: 49
Year-to-Date Homes Sold 2009: 33
Difference from 2009: +48%

Median Sales Price 2010: $438,500
Median Sales Price 2009: $410,000
Difference from 2009: +7%

Average Days on Market 2010: 57
Average Days on Market 2009: 84
Difference from 2009: -32%

Rancho Bernardo Real Estate Sales (92128 ZIP) - March 2010

Homes Sold 20010: 35
Homes Sold 2009: 19
Change from 2009: +84%

Year-to-Date Homes Sold 2010: 91
Year-to-Date Homes Sold 2009: 48
Difference from 2009: +90%

Median Sales Price 2010: $270,000
Median Sales Price 2009: $285,000
Difference from 2009: +5%

Average Days on Market 2010: 65
Average Days on Market 2009: 76
Difference from 2009: -12%

Del Mar Real Estate Sales (92014 ZIP) - March 2010

Homes Sold 2010: 7
Homes Sold 2009: 7
Change from 2009: 0%

Year-to-Date Homes Sold 2010: 19
Year-to-Date Homes Sold 2009: 21
Difference from 2009: -14%

Median Sales Price 2010: $1,415,000
Median Sales Price 2009: $1,800,000
Difference from 2009: -21%

Average Days on Market 2010: 127
Average Days on Market 2009: 104
Difference from 2009: +22%

Solana Beach Real Estate Sales (92075 ZIP) - March 2010

Homes Sold 2010: 2
Homes Sold 2009: 2
Change from 2009: 0%

Year-to-Date Homes Sold 2010: 18
Year-to-Date Homes Sold 2009: 9
Difference from 2009: +100%

Median Sales Price 2010: $1,637,500
Median Sales Price 2009: $1,383,750
Difference from 2009: +18%

Average Days on Market 2010: 50
Average Days on Market 2009: 75
Difference from 2009: -33%

4S Ranch Real Estate Sales (92127 ZIP) - March 2010

Homes Sold 2010: 26
Homes Sold 2009: 22
Change from 2009: +18%

Year-to-Date Homes Sold 2010: 77
Year-to-Date Homes Sold 2009: 73
Difference from 2009: +5%

Median Sales Price 2010: $717,500
Median Sales Price 2009: $700,000
Difference from 2009: +3%

Average Days on Market 2010: 38
Average Days on Market 2009: 87
Difference from 2009: -129%

Rancho Santa Fe Real Estate Sales (92067 ZIP) - March 2010

Homes Sold 2010: 9
Homes Sold 2009: 9
Change from 2009: 0%

Year-to-Date Homes Sold 2010: 34
Year-to-Date Homes Sold 2009: 16
Difference from 2009: +113%

Median Sales Price 2010: $2,700,000
Median Sales Price 2009: $3,425,000
Difference from 2009: -21%

Average Days on Market 2010: 193
Average Days on Market 2009: 107
Difference from 2009: +80%

Rancho Santa Fe Real Estate Sales (92091 ZIP) - March 2010

Homes Sold 2010: 2
Homes Sold 2009: 1
Change from 2009: +100%

Year-to-Date Homes Sold 2010: 3
Year-to-Date Homes Sold 2009: 3
Difference from 2008: 0%

Median Sales Price 2010: $1,560,000
Median Sales Price 2009: $1,750,000
Difference from 2009: -11%

Average Days on Market 2010: 144
Average Days on Market 2009: 518
Difference from 2009: -72%

Rancho Penasquitos Real Estate Sales (92129 ZIP) - March 2010

Homes Sold 2010: 34
Homes Sold 2009: 58
Change from 2009: -41%

Year-to-Date Homes Sold 2010: 76
Year-to-Date Homes Sold 2009: 53
Difference from 2009: +43%

Median Sales Price 2010: $544,500
Median Sales Price 2009: $525,500
Difference from 2009: +4%

Average Days on Market 2010: 41
Average Days on Market 2009: 73
Difference from 2009: -44%

Poway Real Estate Sales (92064 ZIP) - March 2010

Homes Sold 2010: 37
Homes Sold 2009: 28
Change from 2009: +32%

Year-to-Date Homes Sold 2010: 75
Year-to-Date Homes Sold 2009: 83
Difference from 2009: -10%

Median Sales Price 2010: $550,000
Median Sales Price 2009: $420,000
Difference from 2009: +31%

Average Days on Market 2010: 75
Average Days on Market 2009: 83
Difference from 2009: -10%