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.
Sunny skies with above-average temperatures are expected throughout San Diego County. Low clouds and fog could return Monday night and temperatures are expected to cool through Wednesday.
Crews are on scene of an apartment fire in Chula Vista, that broke out early Monday morning, right across the street from an earlier fire involving two mobile homes.
Fire crews on scene of a fully engulfed fire as two mobile homes burn in Chula Vista Monday morning.
Spring is almost here and as the temperatures start to rise more and more people will be out and about enjoying San Diego trails. But with the sun and warmth come critters – including rattlesnakes.
A candlelight vigil got underway San Diego Sunday evening in remembrance of the 50 lives taken this week in Christchurch, New Zealand. Organizers said the vigil would also be a place to pray for an end to Islamophobia, racism, gun violence and more.
San Diego County sheriff's homicide detectives were Monday investigating the death of a man found inside a Potrero residence with signs of trauma.
Migrant caravans attempting to gain entry into the U.S. at the Mexico border is a topic that has sparked a lot of heated debate; but the director of a new documentary says his goal is to tell the stories of those affected while looking at both sides of the issue.
Dick Dale, the "King of Surf Guitar," whose music was emblematic of Southern California's beach culture in the 1960s, has died at the age of 81, Dale's touring bassist Sam Bolle confirmed to the Guardian on Sunday.