In November we continued to see a slow down in appreciation coupled with a tightening of inventory. This resulted in a decrease in prices compared to October, but still gave us increases in year-over pricing for single family detached homes in the North County area at 11 percent and outside of North County at almost 15 percent.
Prices of attached homes fared even better in North County with a 10 percent increase over the previous month and 30 percent compared to November 2012.
The tightening of inventory resulted in an 11 percent drop in available and contingent single family detached listings compared to October and a 5 percent decrease over November 2012. 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 $475,000 in November 2013 compared to $482,500 in October 2013.
• Detached homes in North County decreased 5.44 percent to $539,000 in November 2013 compared to $570,000 in October 2013.
• Year-over median SFD price in North San Diego County was up 11.25 percent, compared to $484,500 in November 2012 – a 16-month trend of year-over median price increases.
• The median SFD price in non-North County ZIP codes decreased 1.38 percent in November 2013 to $429,000 compared to $435,000 reported in October 2013.
• Year-over non-North County median price increased 15.98 percent compared to $369,900 in November 2012, continuing a 20-month trend of year-over median price increases.
• The number of North San Diego SFD listings (active and contingent) decreased 11.21 percent in November 2013 compared to October 2013.
• The number of sold North San Diego County SFD units decreased 13.95 percent in November 2013 compared to October 2013. Year-over sold SFD units decreased 6.91 percent compared to November 2012.
• Median days-on-market for single-family detached homes sold in North County increased to 32 days in November 2013 compared to 30 days in October 2013.
• The HomeDex affordability percentage for all homes in North San Diego County was 33 percent in November 2013.
NOVEMBER 2013 FULL COUNTY HomeDex Report
NOVEMBER 2013 NORTH COUNTY HomeDex Report
Information taken from HomeDex™ Copyright © 2012 by the North San Diego County Association of Realtors (NSDCAR). Used by permission.