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.
The green light was given Tuesday to a South Bay redevelopment project that has been in the works for years.
An 11-year-old girl broke free from a would-be kidnapper Tuesday in Jamul, suffering a minor injury to an arm.
People from both sides of the gun debate spoke out Tuesday afternoon in front of the Del Mar Fairgrounds Board of Directors.
The U.S. Environmental Protection Agency Tuesday awarded $326,776 in grants to groups that will manage and monitor waste, including sewage spills, along the U.S.-Mexico border.
An Escondido man who killed a friend after challenging the victim to a fight, then posted sounds of the victim crying during the attack on a social media site, was convicted Tuesday of first-degree murder.
In an effort to crackdown on bike thefts throughout the city, San Diego police are expanding their Bait Bike Program.
The San Diego County Board of Supervisors voted Tuesday to move forward with laying off 38 full-time Animal Services employees as part of a plan to shrink the department.
A local fifth grade teacher accused of distributing child pornography made another appearance in federal court Tuesday.