Monday, January 29, 2018 / by Sean Zanganeh
Properties Sold On Local MLS Jump in April
The San Diego Association of Realtors said in a report issued May 11 that sold listings in April increased compared with those in March, with both attached and detached property sales up nearly 9 percent.
Year-to-date, the report said sold listings taken from its multiple listings service, or MLS, are up 43 percent from the same period in 2008 for both attached and detached homes.
The median sales price in April for attached properties increased 2.4 percent to $180,000 from $175,750 in March and the median sales price for detached homes increased 3 percent to $335,000 from $325,000 in March.
Both property types on average spent just over a day longer on the market in April than in March, said the Association of Realtors report.
Many areas in the county continued to experience a doubling in sales when compared with the same time last year, the report said.
The Encanto area, for example, in the 92114 ZIP code, had the most detached home sales in April with 66 and has the most sales year-to-date with 269, according to the association.
“We are pleased that sales were up again compared to those of the previous month,” said association President Erik Weichelt in a news release. “The median sales price for both attached and detached properties increased since March and the average number of days on market increased slightly. We see this as an indicator that there is more competition in the marketplace.”