The San Diego and North County real estate markets remain strong with good appreciation and short market times. Inventory is still at its lowest point since 2004. Despite the lack for homes available to purchase, March saw an increase in the number of homes that went under contract in both markets.
Real Estate Report
San Diego County as a whole saw a year-over median price increase of 8.1 percent. North County was not far behind at 7.5 percent. Even with our tight inventory, San Diego ranked number eight on the hottest real estate markets list from realtor.com® in March.
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 7.5 percent in March 2017 compared to March 2016.
• Detached homes saw a median price increase of 1.2 percent in North County, moving from $645,000 in March 2016 to $652,500 in March 2017.
• The number of sold units in North San Diego County decreased 2.9 percent compared to the previous March. Pending sales rose 3.1 percent in the same period.
• Median days on market for North San Diego County properties was 30. This is an 16.7 percent decrease compared to the previous March.
• Inventory supply in North San Diego County dropped to 1.7 months from 2.4 months in March 2016.
Full County Summary
• The median price for all San Diego County home sales in March 2017 was $519,000. This is an 8.1 percent increase compared to March 2016.
• Detached homes saw a median price increase of 5.0 percent in San Diego County, moving from $547,500 in March 2016 to $575,030 in March 2017.
• Attached homes in San Diego County had an 8.5 percent median price increase compared to the previous year. They moved up to $390,500 in March 2017.
• Inventory supply countywide dropped to 1.6 months’ in March 2017 compared to 2.4 months’ a year earlier.