The January numbers from the housing statistics report for San Diego County and North San Diego County show continued year-over rising prices along with possible easing and seasonal slowing. This is not surprising since January closings usually represent homes that went under contract in November and December and the market is typically less active during these months due to the holidays. Most real estate analysts also predict a slowing down of the rapid price increases we have experienced in San Diego County over the past 18 months.
While the median price for all North County home sales decreased slightly, the median price for North County single-family detached homes increased by 5.46 percent compared to December 2013 and 22.47 percent over the last 12 months. Median prices for detached homes in all of San Diego County dropped by 1.45 percent from December to January, but were still up by 21.48 percent compared to January 2013.
The median price on single-family attached homes in North County dropped by 0.59 percent in January 2014 compared to December 2013, but were still up by 18.25 percent compared to the previous year. Attached homes in all of San Diego County saw an increase of 1.67 in their median price compared to December 2013 and an increase of 24.49 percent over January 2013.
To read the full housing statistics reports, please click on the links below.
FULL COUNTY REPORT NORTH COUNTY REPORT
• The median price for all North County home sales – attached and detached – decreased to $475,000 in January 2014 compared to $478,500 in December 2013.
• Detached homes in North County increased 5.46 percent to $569,500 in January 2014 compared to $540,000 in December 2013.
• Year-over median SFD price in North San Diego County increased 22.47 percent, compared to $465,000 in January 2013, an 18-month trend of sustained year-over median price increases.
• The median SFD price in non-North County ZIP codes decreased 2.32 percent in January 2014 to $431,000 compared to $441,250 reported in December 2013.
• Year-over non-North County median price increased 19.72 percent compared to $360,000 in January 2013, continuing a 22-month trend of year-over median price increases.
• The number of North San Diego SFD listings (active and contingent) decreased 7.54 percent in January 2014 compared to December 2013.
• The number of sold North San Diego County SFD units dropped 26.52 percent in January 2014 compared to December 2013. Year-over sold SFD units decreased 22.46 percent compared to January 2013.
• Median days-on-market for single-family detached homes sold in North County increased to 41 days in January 2014 compared to 33 days in December 2013.
• The HomeDex affordability percentage for all homes in North San Diego County remained at 33 percent in January 2014.
JANUARY 2014 FULL COUNTY HomeDex Report
JANUARY 2014 NORTH COUNTY HomeDex Report
Information taken from HomeDex™ Copyright © 2012 by the North San Diego County Association of Realtors (NSDCAR). Used by permission.