The housing statistics reports for San Diego County and North San Diego County are showing a slowing of the rate at which prices are increasing, but are still indicating tight inventory for buyers and a strong market overall.
While the median price for all North County home sales remained the same, countywide single-family detached homes saw a one percent decrease in their median prices from January 2014 to February 2014 and single-family attached homes dropped 1.64 percent. Year-over countywide detached homes had a median price increase of almost 16 percent, and attached homes saw an increase of 20 percent.
The number of sales and listings countywide increased from January 2014 to February 2014 as is typical this time of year, but the greater increase in sales is still keeping inventory tight as shown below.
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 remained at $475,000 in February 2014.
• Detached homes in North County decreased 0.88 percent to $564,500 in February 2014 compared to $569,500 in January 2014.
• Year-over median SFD price in North San Diego County increased 19.47 percent, compared to $472,500 in February 2013, continuing a 19-month trend of sustained year-over median price increases.
• The median SFD price in non-North County ZIP codes decreased 0.46 percent in February 2014 to $429,000 compared to $431,000 reported in January 2014.
• Year-over non-North County median price increased 14.40 percent compared to $375,000 in February 2013, continuing a 23-month trend of year-over median price increases.
• The number of North San Diego SFD listings (active and contingent) increased 2.97 percent in February 2014 compared to January 2014.
• The number of sold North San Diego County SFD units increased 7.72 percent in February 2014 compared to January 2014. Year-over sold SFD units decreased 9.71 percent compared to February 2013.
• Median days-on-market for single-family detached homes sold in North County decreased to 33 days in February 2014 compared to 41 days in January 2014.
• The HomeDex affordability percentage for all homes in North San Diego County remained at 33 percent in February 2014.
FEBRUARY 2014 FULL COUNTY HomeDex Report
FEBRUARY 2014 NORTH COUNTY HomeDex Report
Information taken from HomeDex™ Copyright © 2012 by the North San Diego County Association of Realtors (NSDCAR). Used by permission.