SAN DIEGO (CNS) - San Diego County home sales rebounded in March following a slow January and February, according to statistics released Monday by the Greater San Diego Association of Realtors.
March single-family home sales rose 24 percent compared to February, while sales of condominiums and townhouses jumped 21 percent.
"The housing market in San Diego is showing resiliency despite a slow first quarter," said GSDAR President Steve Fraioli. "The March sales figures show that buyer demand remains strong which is reflected in the steady rise in prices."
The median price of a single-family home edged up 4 percent to $635,000 in March, though the price of condos and townhouses dropped 3 percent to about $412,000.
Sales for the first quarter of 2018 are about 9 percent below the same quarter last year, indicating a lack of market properties, according to GSDAR. The supply of market resale properties has edged up slightly to 1.7 months, though a supply of five or six months is considered healthy.
Homes sold in an average of 26 days in March.
Fallbrook had the most single-family home sales with 61, followed by north Oceanside (52), Carmel Valley (46), Poway (45) and east Oceanside (44).
An oceanfront home in Carlsbad with a music studio was the region's most expensive sale of March. The 6,300-square foot, five-bedroom home sold for $11.5 million.
Del Mar racing fans had a different reason to cheer on Saturday. This time it was for Martine Bellocq.
Deserts will dry out over the weekend, monsoonal moisture returning by Tuesday. Weekend temperatures slightly warmer as the high moves over the region, bringing in drier air. Beach conditions to improve Saturday. Water temperature slightly cooler than last week.
A man who fired a gun and threatened customers at a Fallbrook bar early Saturday morning was thwarted by patrons who tackled him and held him until law enforcement could arrive, a San Diego County sheriff's deputy said.
A man is suspected of crashing his car into a Skyline home and fleeing before being apprehended by police early Saturday morning.
The San Diego team in the Alliance of American football announced the signing of former San Diego State offensive tackle Terry Poole, a fourth-round choice by the Seattle Seahawks in the 2015 NFL draft, and nine other players.
A San Diego man with a prior conviction for the same offense was sentenced in federal court to more than 3 1/2 years in prison for his admitted role in a human-smuggling attempt that seriously injured a U.S. Border Patrol officer.
San Diego County Sheriff's Deputy Richard Fischer is free Friday night after posting $2 million bail. He is accused of groping and assaulting more than a dozen women while on duty.