After an exceptionally hot summer of home sales, the San Diego County housing market report for August cooled a little. North County prices for all property types dropped 1.4 percent compared to July, but still saw a sustainable 3.8 percent rise over the previous year.
But even with August’s cooling, the North San Diego County market remains pretty hot. In addition to the continued year-over price increases, there were increases in both closed and pending sales compared to the previous year. We also saw both a month-over and year-over decrease in the supply of available homes.
The format for the monthly HomeDex report has changed. If you click on the links below, you can see detailed North County monthly indicators along with local market updates for Metro San Diego County, East San Diego County and South San Diego County.
To read the full housing statistics reports, click on the links below.
- NORTH COUNTY MONTHLY INDICATORS
- METRO SAN DIEGO COUNTY MARKET UPDATE
- EAST SAN DIEGO COUNTY MARKET UPDATE
- SOUTH SAN DIEGO COUNTY MARKET UPDATE
North County Summary
• The median price for all North County home sales, all property types, was $534,750 in August 2015, compared to $515,000 reported in August 2014.
• The median price for detached homes in North County was $609,950 in August 2015 compared to $587,000 reported in August 2014.
• The year-over median single family detached price in North San Diego County increased 3.9 percent.
• The number of sold units in North San Diego County for August 2015 was 1,346 units, an increase of 9.6 percent compared to August 2014.
• The median days on market for North San Diego County SFD homes sold decreased to 37 days in August, compared to 44 days in August 2014.
• The month’s supply of inventory for SFD homes in North San Diego County decreased to 3.1 months in August, compared to 4.3 percent in August 2014.
Source: North San Diego County Association of REALTORS® HomeDex Report, powered by 10K Research and Marketing.