San Diego County Median Home Price Up 18 Percent

Condominiums and townhomes have seen a 23 percent hike in median price from December 2011.

The median price of a single-family home in San Diego County last month was $418,500, an 18 percent increase over December 2011, the San Diego Association of Realtors announced today.

The December 2012 cost was also 3 percent above what it had been in November, according to SDAR statistics.

The organization reported that condominiums and townhomes had a median price of $253,000 last month, a 23 percent hike from December 2011.

Linda Lee, the president of the SDAR Board of Directors, said the figures are encouraging.

"The momentum carried into December, giving us a strong finish to 2012," Lee said. "I firmly believe San Diego's real estate market will continue to rebound in 2013."

The December 2011 median price for a single-family home in December 2011 was $355,000. For multi-family housing, it was $205,000.

The number of sales of houses climbed 10 percent in December to 2,004 compared with the same month one year earlier. Condo and townhome purchases were up 5 percent to 897.


More »
Got a question? Something on your mind? Talk to your community, directly.
Note Article
Just a short thought to get the word out quickly about anything in your neighborhood.
Share something with your neighbors.What's on your mind?What's on your mind?Make an announcement, speak your mind, or sell somethingPost something