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.
An immigrant who once bundled ink-fresh newspapers at a newspaper printing press took control of the San Diego Union-Tribune Sunday, and promised in a letter to readers to fight fake news as if it were cancer.
President Trump's zero-tolerance policy on immigration continues to spark outrage. Specifically, there's growing concern over officials separating children from their parents at the border.
Sunday marked day four of action at the World Cup; and it featured a huge upset that had hundreds of people dancing in the South Bay streets. Mexico took down the defending world champions Germany and local fans had a great time celebrating.
Chula Vista Police on Sunday were trying to determine how a man's body ended up in the middle of the street. Someone first spotted him early in the morning in the westbound lanes of Buena Vista Way near Rancho Del Rey Parkway.
The Pacific Southwest Emmy Awards were held Saturday night near Palm Springs and we're proud to share that several members of the News 8 team were honored.
A 21-year-old woman was found dead in her bedroom Saturday night and San Diego Police suspect foul play. The victim's family made the discovery just after 5 p.m. at their home in the 3600 block of 45th street in City Heights.
Weekend temperatures dropped nearly 10 degrees in most areas around the county, compared to a few days ago. Slight warming is expected early next week as upper low pressure weakens.
Del Mar is the only city in North County that allows off-leash dogs on the beach, but yearly seasonal changes to that rule have just taken effect.