November home sales worse than October figures

Home sales in San Diego County rose 7.5 percent in November compared to the same time last year, but were down 17.4 percent from the previous month, according to figures released Tuesday.

The median price of an existing single-family home in San Diego County last month was $376,450, up 9 percent from $345,390 in November of last year, but down 0.6 percent from $378,540 in October, according to the California Association of Realtors.

Statewide, home sales increased 26.3 percent in November, compared to the same month a year ago, but were down 14.8 percent from the previous month, according to CAR.

“First-time buyers continued to drive the market in November, as many opened escrow to take advantage of the federal tax credit prior to its original November 30 expiration,” said CAR President Steve Goddard. “The extension and expansion of the tax credit until April 30, 2010, along with low interest rates, should continue to positively impact the market in coming months.”

The median price of an existing, single-family detached home in California in November was $304,520, a 5.8 percent increase from the $287,880 during the same month last year, and up 2.4 percent from October’s $297,500.

“With sales bottoming out more than two years ago, and the median home price reaching its trough in February 2009, California remains ahead of the nation in market recovery,” said CAR Vice President and Chief Economist Leslie Appleton-Young. “The median price for most regions hit bottom during the first half of the year, and the statewide median home price now is nearly $60,000 higher than its lowest point in the current cycle.”

Related posts:

  1. October home sales down in county
  2. November home sales improve from last year
  3. Home sales looking up
  4. San Diego home sales up in August
  5. July home sales three percent higher than last year

Short URL:

Posted by on Dec 22, 2009. Filed under Archives. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

Leave a Reply



Bottom Buttons 1

Bottom Buttons 2

Bottom Buttons 3

Bottom Buttons 4

Bottom Buttons 5

Bottom Buttons 6






  • San Diego realtor pleads guilty to prostitution-related crimes
    San Diego realtor Michael E. Lustig pleaded guilty in federal court July 31 to prostitution-related crimes, admitting that he paid for sex with a 13-year-old girl on several occasions. Lustig, who was indicted by a federal grand jury in October of 2013, entered his plea before U.S. Magistrate Judge Mitchell D. Dembin. (At that time Lustig was reported to be […]
  • It’s no stretch for Rancho Santa Fe yoga instructor to ‘give back’
    As one of North County’s most prolific yoga instructors, Stacy McCarthy doesn’t just teach yoga, she lives the yoga lifestyle. Selfless service, or seva in Sanskrit, is an important concept of yoga — one that the Rancho Santa Fe resident practices daily. “When we give and we give from the heart, there’s nothing more gratifying than that,” McCarthy said. […]
  • Rancho Santa Fe resident’s Gen 7 wines earn top honors
    Rancho Santa Fe resident Tim Bacino’s Gen 7 Wines is on a hot streak, his varietals winning several awards this summer in California wine competitions. […]