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NSDCAR HomeDex: Home sales, SFA prices up in April

Sales of both single-family detached (SFD) and single-family attached (SFA) homes in San Diego County were markedly up in April from March. The HomeDex report from the North San Diego County Association of Realtors showed the number of SFD homes sold in San Diego County increased 13.01 percent in April from March, and the number of SFA homes sold countywide increased 24.68 percent.

While SFA year-over-year sales were 17.96 percent higher, SFD sold units declined 4.4 percent from April 2013. North San Diego county sales followed a similar pattern, with SFD sold units up 12.94 percent from March, but down 10.56 percent year-over-year, and SFA homes sold 37.32 percent higher in April than March, but down 23.81 percent from April 2013.

County-wide median prices for SFD units were relatively stable, up 0.61 percent to $489,000 in April, with SFA prices increasing more sharply, up 10.98 percent from $300,500 in March to $333,500 in April.

In North San Diego County, the median SFA home price increased 15.39 percent to $372,500 in April, an increase of 12.88 percent year-over-year. The North County SFD median price rose 2.7 percent to $571,000 in April from $556,000 in March, an increase of 6.73 percent year-over-year.

The percent of San Diego households able to afford the county’s median-priced SFD home in April remained stable at 32 percent, down from 38 percent in April 2013. SFA units were more affordable, with 51 percent of County households able to afford the median-priced unit in April, down from 55 percent in March and 58 percent in April 2013.

Median days-on-market for SFD homes sold in North County increased to 27 days in April from 22 days in March, and median days-on-market for North County SFA homes declined from 21 days in March to 14 days in April.

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