The time to BUY in San Diego is NOW! | Blog

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The time to buy may be here for any buyers who have been on the fence waiting to buy in San Diego! With an increase in sales of existing homes, a sharp decrease in inventory and multiple offers coming across on properties along with still very low interest rates - all signs point to a market bouncing back and creating a lot of competition to "get in the home buying game." With first time buyers buying at a rapid rate we should continue to see prices increase.

SO WHAT ARE YOU WAITING FOR?

Sales of existing properties once again showed strength in March. Single-family (detached) sales in March rose nearly 28 percent from the previous month, and nearly 9 percent from March of last year. Sales of condos And townhomes (attached properties) also bested last month by 17 percent, but were slightly lower than a year ago (down 3 percent). 

Total Sold Listings Comparing March 2012 to February 2012

Detached: 27.8 percent increase

March 2012 = 8,861 February 2012 = 1,504

Attached: 17.2 percent increase

  March 2012 = 878 February 2012 = 749

Total Sold Listings Comparing March 2012 to March 2011

Detached: 8.9 percent increase

March 2012 = 8,861 March 2011 = 1,738

Attached: 2.9 percent decrease

March 2012 = 878 March 2011 = 904

Median Sales Price Comparing March 2012 to February 2012

Detached: 1.2 percent increase

 March 2012 = $364,450 February 2012 = $360,000

Attached: 10.8 percent increase

 March 2012 = $220,000 February 2012 = $198,500

Median Sales Price Comparing March 2012 to March 2011

Detached: 5.3 percent decrease

March 2012 = $364,450 March 2011 = $385,000

Attached: 4.8 percent increase

March 2012 =$220,000 March 2011 = $210,000