This month’s San Diego County real estate report shows September home prices dropping slightly in both San Diego County as a whole and in North San Diego County according to the North San Diego County Association of REALTORS® and the Greater San Diego Association of REALTORS®.
Although this recent dip in prices slightly improves affordability in San Diego County, it follows strong price increases over the spring and summer months. Experts expect these increases to continue even with the interest rate hikes anticipated later this year. UCLA Anderson Forecast’s third quarter report predicts employment and income growth in California paired with a shortage of new construction through 2017. This, combined with our ongoing lack of resale inventory, will maintain pressure on housing prices in San Diego County.
To read the full housing statistics reports, click on the links below.
- NORTH COUNTY MONTHLY INDICATORS
- METRO SAN DIEGO COUNTY MARKET UPDATE
- EAST SAN DIEGO COUNTY MARKET UPDATE
- SOUTH SAN DIEGO COUNTY MARKET UPDATE
North County Summary
• The median price for all North County home sales, all property types, was $505,000 in September 2015, compared to $510,000 reported in September 2014.
• The median price for detached homes in North County was $590,000 in September 2015 unchanged from September 2014.
• The number of sold units in North San Diego County for September 2015 was 1,243 units, compared to 1,163 in September 2014.
• The median days on market for North San Diego County SFD homes sold decreased to 39 days in September 2015, compared to 45 days in September 2014.
• The month’s supply of inventory for SFD homes in North San Diego County decreased to 2.9 months in September 2015, compared to 4.2 months in September 2014.
Source: North San Diego County Association of REALTORS® HomeDex Report, powered by 10K Research and Marketing.