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."
Law enforcement agencies across San Diego County are planning to crack down on drunken driving over the three-day Memorial Day weekend.
A two vehicle crash left one person critically injured Friday in Emerald Hills, according to authorities.
Some of the smartest high school students in San Diego County will be in Atlanta this weekend competing in the National Quiz Bowl Championship.
Californians Aware, a statewide group that advocates for government transparency, Friday expressed concern over a soon-to-take- effect San Diego Unified School District policy to delete most emails after one year.
Millions of Southern Californians will be taking to the roads and airways Friday as the Memorial Day travel crunch goes into high gear, and the large crowds will likely test the patience of motorists and airline passengers.
Several good Samaritans, including a grandmother, disregarded their own safety today when they helped subdue and disarm a knife- waving man who attacked the driver of a bus full of schoolchildren in a rural neighborhood in southeastern San Diego County.
An animal known as the San Quintin Kangaroo rat and native to Baja California is back from the brink of extinction.
As Memorial Day weekend approaches, San Diego Blood Bank CEO David Wellis today encouraged those who haven't recently donated blood to consider scheduling an appointment.
The San Diego Zoo Safari Park is famous for its expansive habitats featuring African and Asian species. The all-new Walkabout Australia gives park guests a view into a new region of the world with interesting and unique species.