After 26 straight months of year-over median price increases, North County single family detached homes finally saw a decrease of 0.88 percent in October. That was not the case countywide where prices of detached homes increased 4.20 percent.
The months of double digit appreciation that peaked in mid-2013, the normal market slowdown that comes as we approach the holidays, and fewer investors in the market are all factors in the slowdown.
To read the full housing statistics reports, click on the links below.
North County Summary
• The median price for all North County home sales attached and detached decreased to $508,250 in October 2014 compared to $513,500 in September 2014.
• Median price for detached homes in North County decreased by 5.83 percent to $565,000 in October 2014 compared to $600,000 in September 2014.
• Year-over median SFD price in North San Diego County decreased 0.88 percent, compared to $570,000 in October 2013, countering 26 straight months of year-over median price increases.
• The number of sold units in North San Diego County for October 2014 was 836 units, an increase of 8.29 percent compared to September 2014.
• Median days on market for North San Diego County SFD homes sold increased to 34 days in October 2014 compared to 27 days in September 2014.
• The HomeDex affordability percentage for all homes in North San Diego County remained at 32 percent in October 2014.
Full County Summary
• The median price for a single-family detached (SFD) home in San Diego County was $496,000 in October 2014, a decrease of 3.69 percent compared to $515,000 in September 2014.
• Year-over median SFD home price increased 4.20 percent compared to $476,000 reported in October 2013.
• The number of sold SFD units throughout San Diego County in October 2014 was 1,795, an increase of 2.98 percent compared to September 2014.
• Median days on market for SFD homes in October for San Diego Metro was 22 days, 19 days for South County, and 23 days for East County.
• The HomeDex affordability percentage in October 2014 for a SFD home in San Diego Metro was 31 percent, South County was at 38 percent, and East County was at 43 percent.
NOVEMBER 2014 FULL COUNTY HomeDex Report
NOVEMBER 2014 NORTH COUNTY HomeDex Report
Information taken from HomeDex™ Copyright © 2012 by the North San Diego County Association of Realtors (NSDCAR). Used by permission.