You may have seen this in yesterday’s UT:
Spring home sales in San Diego County continued to heat up in April, DataQuick figures released Wednesday showed.
The county recorded 3,559 sales last month, the highest home-sale tally for an April since 2006, when 3,974 homes were sold. April’s count is almost 10 percent higher than March’s and 8.6 percent higher than April 2011.
March-to-April sales gains in San Diego County are not uncommon, but the growth this year has bested sales gains in 2011 and 2010.
Prices also rose locally. The median amount paid for a home in San Diego was $329,500, up 2.8 percent from March and up 2.4 percent from a year ago.
The UT reported that sales and prices increased last month. Will it continue?
Here are the April and May detached sales in North San Diego County’s coastal region:
|Year||April Sales||April $/sf||May Sales||May $/sf|
Obviously we have two weeks’ worth of closings left in May, but because most escrows close towards the end of the month, it looks like we might be in for a big surge.
All we need are 171 more closings this month to reach 300 sales in May – and there are 184 houses marked contingent, and 481 pendings (with 174 of those marked pending prior to April 15th). And how about that pricing, around $400/sf?