SAN DIEGO (CNS) - The number of single-family homes sold in the San Diego area was down 31 percent in January compared to the previous month, according to a report released Friday by the San Diego Association of Realtors.
Nearly 1,200 houses changed hands last month, compared to more than 1,700 in the previous month, and the median price edged down 1.6 percent -- from $375,000 to $368,750, according to the report.
"It's somewhat disappointing to see the dip in sales after the increase we experienced in December," said Bob Kevane, association president. "However, January typically posts lower numbers, and the coming months are when we normally see more activity in the market."
Rough times extended into the condominium market, as well.
According to the report, condo sales in January dropped 15 percent compared to December, and 4.9 percent compared to January 2010.
The median sales price of an attached home was $200,000 last month, a decline of 8.3 percent from December and 4.7 percent compared to January 2010.
Despite the substantial month-to-month drop in the number of sales of detached homes, it was still 1.9 percent higher than a year ago, and the median price compared to one year earlier was up 1.3 percent.
"Many economists have pointed to San Diego as one of the areas that will experience the strongest housing recovery in terms of home values in 2011," Kevane said. "As home values pick up, we can expect an increase in move-up buyers, which will open up more inventory in the entry-level market."
The sea of pink continued Sunday with 2,200 people marching in the name of breast cancer research funding on the third - and final - day of the Susan G. Komen San Diego 3-Day.
Five people beat to unconscious a 37-year-old man and then took his cell phone at the Horton Plaza in San Diego, a police officer said Sunday.
A non-injury fire Sunday completely destroyed one unit and damaged another in a Rancho Penasquitos apartment complex, displacing two families.
Pancho Segura, who rose from poverty to win six U.S. Pro singles and doubles championships and was one of the world's top amateur players in the 1940s and professionals in the 1950s, has died. He was 96.
A mistaken bump led to a man getting bit and cut with a knife near the Ocean Beach Pier, police said Sunday.
A man died after his body caught fire, police said Saturday. At 11:30 p.m. Friday, police received a call regarding a person on fire in a field near 5200 Pacific Highway in Mission Bay Park, according to the San Diego Police Department.
The San Diego Rescue Mission opened its doors to the homeless community on Saturday for its annual Thanksgiving celebration.