San Diego Real Estate Prices Up, Sales Down in 2013
San Diego County home prices rose sharply last year. The median price for single-family, re-sale homes gained 18.9%, much of this was due to investors sweeping the lowest priced homes off the market for the past two year. The average price gained a healthy 17.6%. Condominiums joined the party also. The median price for re-sale condos was up 27.7%, while the average price rose 22.8%.
Last month it was “only” 13.8%. We expect this trend to continue this year. The surge in prices over the past year and a half has driven most home owners back above water.
See full San Diego Real Estate market report.