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County existing home prices up 20% in 2013

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San Diego County existing homes saw a 20 percent gain in the median price in 2013, with single-family homes selling for a median of $457,000, according to the Greater San Diego Association of Realtors (SDAR).

“We can breathe a sigh of relief as we look back at the 2013 housing market,” said 2014 SDAR President Leslie Kilpatrick. “Strength and stability are what we can hope for in 2014.”

Single-family home prices rose 19 percent in 2013 -- a median price of $457,000. Condo and townhome prices increased by nearly 29 percent, reflected by a 2013 median price of $295,000. The total number of home sales last year was 36,240, virtually the same as 2012.

The December median price of single-family homes in San Diego County was $478,500, an increase of 2 percent from the previous month, and nearly 14 percent from December 2012. The median price of condos and townhomes in December ($300,000) was down slightly from November, but is 19 percent higher than the same time last year.

The number of single-family home sales in December was down only slightly from November, but condo and townhomes saw a healthy 6 percent increase in December sales over the previous month. Sales were down, however, from one year ago.

In December, the ZIP codes with the most sales of single-family homes include: 92028/Fallbrook – 53; 92057/Oceanside – 42; 92128/Rancho Bernardo – 41; and four ZIPcodes posted 37 sales: 92021/El Cajon, 92056/Oceanside, 92114/Encanto, and 92127/Rancho Bernardo.

The most expensive San Diego County listing sold last month was a 5-bedroom, 5-bath, 8,500-square-foot home in La Jolla that sold for $16.25 million.

SDAR’s housing statistics are compiled monthly from the Multiple Listing Service (MLS).

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