Median price of home hits $520K in San Diego

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real estate, house, housing market, home sales, home prices

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SAN DIEGO — Housing sales perked up around the county in April, pushing the median price of a single-family home to $520,000, the San Diego Association of Realtors reported Friday.

The SDAR said 2,156 houses sold last month, an 8 percent increase over March and a 1 percent upward nudge over April 2014. A bit over 1,000 condominiums or townhouses changed hands in April, 4 percent better than March but an 8 percent drop from the same month last year.

The $520,000 median sales price of a house was 1 percent higher than March and a 6 percent hike from April 2014.

Condos had a median sales price of $344,250 last month, which was down 1 percent from the prior month but up 4 percent from the same time last year.

“It is certainly encouraging to see our strong spring season pick up even more steam,” said SDAR President Chris Anderson. “We expect the numbers to continue to climb as we move into summer, which is also when we expect to see more homes come onto the market.”

Typically, for-sale houses and condos change hands in just under six weeks, according to SDAR data.

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