San Diego home sales grow slightly in July; prices slow down

SAN DIEGO (FOX 5/KUSI) — San Diego home sales rose slightly in July after a slowdown in June, according to the most recent report from the San Diego Association of Realtors.

The total number of single-family homes sold last month rose nearly 9%– from 1,294 in June to 1,408 in July.

Single-family home sales in July increased over 7% from the same month last year, while condos and townhomes saw a minimal difference in sales. Only five more homes were sold last month compared to last July.

In July, the zip codes with the most single-family homes sold were the following:

Meanwhile, prices have not changed much between June and July, according to SDAR.

The median sales price for a single-family home decreased by a meager 2.8% last month — from $1,089,000 in June to $1,058,275 in July.

Condos and townhomes also saw minimal change last month, increasing from a median sales price of $695,000 in June to $700,000.

Both prices have not changed much from last year’s numbers when the median sales price for condos and townhomes was $641,000 and single-family homes were $990,000.

However, compared to a year ago, prices for all home types have gone up about 9%.

The most expensive single-family sold in the county last month was a custom estate in Rancho Santa Fe with a total square footage of about 14,000.

According to SDAR, the home is located on 2.7 acres of land and has five bedrooms, eight bathrooms and a freestanding cabana between a resort pool and three-par golf course. It sold for $15.5 million on July 19.

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