This month’s San Diego County housing market report looks positive. The December numbers show healthy appreciation. These aren’t the twenty to twenty-five percent annual appreciation numbers we saw for many months straight, but a continuation of the sustainable growth we saw throughout most of 2014.

Take a look at the North County and San Diego County summaries below, or click on the links for a detailed look at December’s statistics. You may also want to go to The San Diego Union-Tribune’s recently published article reviewing San Diego County’s housing market for 2014. It’s full of good information.

The December San Diego County housing market report shows values continuing to increase. Economic factors such as inflation and the job market are not currently putting pressure on housing, but median prices of detached homes in San Diego County are still moving upward. Both San Diego County and North San Diego County detached homes saw a year-over median price increase of between four and five percent in November.

This is a traditionally slower time of year for real estate sales, and countywide there were fewer sales of detached homes compared to October, but the median number of days those homes were on the market also dropped in North County. In addition, fewer homes came on the market. This is keeping inventory at a three month supply, below the five to six months’ we expect to see in a normal market.

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.

• FULL COUNTY REPORT
•      NORTH COUNTY REPORT

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.

Continue reading Housing Statistics Reports for San Diego County and North San Diego County October 2014 →

Median prices of single family detached homes in San Diego County overall and in North County specifically showed an increase of slightly over five percent compared to the previous year. This puts appreciation very close to historical averages. Investors and foreclosures no longer have a strong influence in our market. It is being driven by more traditional factors such as wages and interest rates.

Inventory is still on the tight side with under four months’ supply, but higher than it was at this time last year as can be seen in the chart below.

To read the full housing statistics reports, click on the links below.

• FULL COUNTY REPORT
•      NORTH COUNTY REPORT

Continue reading Housing Statistics Reports for San Diego County and North San Diego County September 2014 →

A quick look at CoreLogic DataQuick’s statistics for August show the pace of the San Diego market increasing with the countywide median home price up 8.1 percent compared to August 2013 and slightly higher than it was in July 2014.

A closer look at those numbers gives a slightly different picture though. The HomeDex housing statistics reports indicate price increases are not across the board and appreciation is continuing to move toward a more sustainable rate. North County median prices have decreased slightly compared to July, and the year-over appreciation rate for North County detached homes is approximately three and one-half percent verses July’s year-over rate of almost seven percent. This slow down in the appreciation rate will hopefully allow wages to keep up with home prices.

Countywide the numbers are slightly higher with a year-over increase in the median price of single family detached homes at 5.15 percent. Inventory in both North County and in San Diego County as a whole remained unchanged in August.

To read the full housing statistics reports, click on the links below.

• FULL COUNTY REPORT
•      NORTH COUNTY REPORT

Continue reading Housing Statistics Reports for San Diego County and North San Diego County August 2014 →