SAN DIEGO REALTY SPECIALISTS

San Diego County had 10,000 condo sales and 22,500 non condo sales in the last 12 months. Approximately 20% of all condo sales and 20% of all non condo sales were Short Sales.  The short sales were distributed evenly in properties both below and above the median price. The median price for condos was $210,000 and for non condo homes was $335,000.  The interesting thing about statistics is that they don't tell you very much.  For example the median price of active listings for condos is $379,000 and for non condos is $695,000.  The active listed price bears little resemblence to the actual sales price.  This creates a buying frenzy for correctly priced homes while overpriced homes just sit on the market. go figure.
Another interesting statistic is that about 45% of sales are Bank Owned (REO) properties.