As often happens at this time of year, we’re seeing a tightening of inventory but also a slowing down in appreciation. If you are looking to buy a home right now, you won’t have as many choices, but there isn’t quite as much pressure on home prices. In spite of this, we are still seeing year-over median price increases for single family detached homes at 19 percent in San Diego County. Click on the links below the snapshot to read the full housing statistics reports.
• The median price for all North County home sales – attached and detached – decreased to $482,500 in October 2013 compared to $499,950 in September 2013.
• Detached homes in North County remained constant in October 2013 at $570,000.
• Year-over median SFD price in North San Diego County was up 19.37 percent, compared to $477,500 in October 2012 – a 15-month trend of year-over median price increases.
• The median SFD price in non-North County ZIP codes decreased 3.22 percent in October 2013 to $435,000 compared to $449,450 reported in September 2013.
• Year-over non-North County median price increased 18.46 percent compared to $367,200 in October 2012, continuing a 19-month trend of year-over median price increases.
• The number of North San Diego SFD listings (active and contingent) decreased 6.58 percent in October 2013 compared to September 2013.
• The number of sold North San Diego County SFD units rose 8.18 percent in October 2013 compared to September 2013. Year-over sold SFD units decreased 6.93 percent compared to October 2012.
• Median days-on-market for single-family detached homes sold in North County increased to 30 days in October 2013 compared to 25 days in September 2013.
• The HomeDex affordability percentage for all homes in North San Diego County was 31 percent in October 2013.
OCTOBER 2013 FULL COUNTY HomeDex Report
OCTOBER 2013 NORTH COUNTY HomeDex Report
Information taken from HomeDex™ Copyright © 2012 by the North San Diego County Association of Realtors (NSDCAR). Used by permission.