The median price of single-family homes in San Diego County is $400,000, 13 percent higher than it was a year ago, according to the San Diego Association of Realtors (SDAR), with statistics compiled from the Multiple Listing Service.
The median price for condos and townhomes is 19 percent higher than it was in October 2011.
Single-family home sales increased 10 percent in October from the previous month, and condos/townhomes sales were up 6 percent. Compared to last October, single-family home sales are up 34 percent; sales for condos and townhomes are up 18 percent over the same period.
“There’s really only positive, encouraging news in these new numbers,” SDAR Board President Donna Sanfilippo said. “You can’t help but feel good about what we’re seeing in the San Diego County real estate market. Homes are moving and prices are increasing. If our recent First-Time Home Buyer Clinic is any indication, which turned into a standing-room only event, San Diego is becoming a real estate town again.”
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March 29, 2012 -- George Chamberlin talks to Linda Lee, a broker with Keller Williams San Diego Metro, about China's interest in investing in the U.S. real estate market.
Aug. 22, 2011 - Executive Editor George Chamberlin talks with Robert Kevane, president of the San Diego Association of Realtors, about the real estate market, employment and more.
Aug. 20, 2010 -- Executive Editor George Chamberlin speaks with Mark Marquez, 2010 SDAR president, at the San Diego Association of Realtors' Real Estate Summit.