• News
  • Real Estate

Home resales lag year-over-year while prices stabilize

Related Special Reports

Year-over-year sales of previously owned homes throughout San Diego County fell in February and prices continued to stabilize, according to new housing statistics from the Greater San Diego Association of Realtors (SDAR).

Sales of single-family homes increased 8 percent in February over January, but were still about 12 percent lower than February of 2013. Condominium and townhome sales were up nearly 6 percent from the previous month, but also were lower than a year ago.

The median price of existing single-family homes stood at $470,000 last month -- down only slightly from January, but 15 percent higher than February of 2013.

For condos and townhomes, the median price in February was hovering at about $300,000 -- nearly 20 percent higher than a year ago.

"As we would expect to see following a seasonally-slow January, home sales started to pick up in February," said Leslie Kilpatrick, 2014 SDAR President. "I'm hoping and anticipating we will see 'for sale' signs blossom as we head into spring."

In February, the ZIP codes with the most sales of single-family homes included: 92114 (Encanto) with 44; 91977 (Spring Valley) with 41; 92028 (Fallbrook) with 41; 92065 (Ramona) with 32; and 92019 (El Cajon) with 31.

The most expensive San Diego County listing that changed hands in February was a 3-bedroom, 3-bath, 1,840-square-foot home in Del Mar that sold for $7.5 million

User Response
0 UserComments

Greater San Diego Association of Realtors

Company Website

4845 Ronson Ct., 330
San Diego, CA 92111

Greater San Diego Association of Realtors Executive(s):

Linda Lee

  • 2013 President

Leslie Kilpatrick

  • Board President

Related Videos

Lynn Reaser, Leslie Kilpatrick on SD's real estate market

Nov. 20 1014 -- George Chamberlin speaks with Dr. Lynn Reaser, chief economist for Point Loma Nazarene University at the Fermanian Business & Economic Institute, and Leslie Kilpatrick, 2014 president of the Greater San Diego Association of Realtors, about recovery in the local real estate market.