Prices in San Diego County and in North County did not change compared to the previous month, but did go up substantially over the last year. Inventory, which should be growing this time of year, is continuing to decrease.
Real Estate Report
The median sales price in September rose 10.6 percent in North County and 8.7 percent in San Diego County compared to the previous year. These increases were among the highest in Californa as reported by The San Diego Union-Tribune. In addition, San Diego ranked number five nationwide in “The Hottest U.S. Real Estate Markets for September 2016” on realtor.com®.
See below for this month’s statistics and daily interest rate updates.
Click on the links below to read the full housing statistics reports.
- NORTH COUNTY MONTHLY INDICATORS
- METRO SAN DIEGO COUNTY MARKET UPDATE
- EAST SAN DIEGO COUNTY MARKET UPDATE
- SOUTH SAN DIEGO COUNTY MARKET UPDATE
- SAN DIEGO COUNTY MONTHLY INDICATORS
North County Summary
• The median price for all North County home sales increased 10.6 percent in September 2016 compared to September 2015.
• Detached homes saw a median price increase of 7.6 percent in North County, moving from $590,000 in September 2015 to $635,000 in September 2016.
• The number of sold units in North San Diego County decreased 7.6 percent compared to the previous September. Pending sales rose 19.9 percent in the same period.
• Median days on market for North San Diego County properties was 34. This is a 10.5 percent decrease compared to the previous September.
• Inventory supply in North San Diego County dropped to 2.4 months from 2.8 months in September 2015.
Full County Summary
• The median price for all San Diego County home sales in September 2016 was $504,500. This is a 8.7 percent increase compared to September 2015.
• Detached homes saw a median price increase of 8.6 percent in San Diego County, moving from $525,000 in September 2015 to $570,000 in September 2016.
• Attached homes in San Diego County had an 10.3 percent median price increase compared to the previous year. They moved up to $375,000 in September 2016.
• Inventory supply countywide dropped to 2.2 months’ in September 2016 compared to 2.7 months’ a year earlier.