March housing statistics were a bit of a mixed bag in San Diego County. Hopefully this indicates that we are moving toward a more balanced market.
The housing statistics report for San Diego County overall showed an increase in the median price for single-family detached homes from $470,000 in February 2014 to $492,000 in March 2014 and a year-over increase of 13.1 percent from March 2013.
In North San Diego County, the median price for detached homes slipped slightly dropping from $564,500 in February 2014 to $556,000 in March 2014, but still increasing almost 6 percent compared to March 2013. This annual appreciation of approximately 6 percent is much more sustainable than the many months of 20 to 25 percent year-over median price increases we had been experiencing.
The median price of single-family attached homes increased both countywide and in the North County area in March 2014 showing a year-over gain of 5.44 percent countywide and 1.83 percent in North County.
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 increased to $485,000 in March 2014 compared to $475,000 in February 2014.
• Detached homes in North County decreased 1.51 percent to $556,000 in March 2014 compared to $564,500 in February 2014.
• Year-over median SFD price in North San Diego County increased 5.9 percent, compared to $525,000 in March 2013, continuing a 20-month trend of sustained year-over median price increases.
• The median SFD price in non-North County ZIP codes increased 4.9 percent in March 2014 to $450,000 compared to $429,000 reported in February 2014.
• Year-over non-North County median price increased 13.92 percent compared to $395,000 in March 2013, continuing a 24-month trend of year-over median price increases.
• The number of North San Diego SFD listings (active and contingent) increased 8.6 percent in March 2014 compared to February 2014.
• The number of sold North San Diego County SFD units increased 37.1 percent in March 2014 compared to February 2014. Year-over sold SFD units decreased 13.66 percent compared to March 2013.
• Median days-on-market for single-family detached homes sold in North County fell to 22 days in March 2014 compared to 33 days in February 2014.
• The HomeDex affordability percentage for all homes in North San Diego County remained at 33 percent in March 2014.
MARCH 2014 FULL COUNTY HomeDex Report
MARCH 2014 NORTH COUNTY HomeDex Report
Information taken from HomeDex™ Copyright © 2012 by the North San Diego County Association of Realtors (NSDCAR). Used by permission.