Posted On : 11/19/2007 by Derek Gilliam
Over the past four years, the most unstable and fluctuating home prices in San Diego County have been those above 3,100 square feet, while those ranging from 1,901 - 2,200 square feet have retained the steadiest values. Unquestionably, 2007 has had the most inconsistent increases and drops on home values in the last 5 years.
The average sale price of a home in both the city of San Diego, as well as San Diego County from July to September of 2007 was $498,666 with a median home price of $430,000. The average price per square foot was $340. Since June, over 3500 homes have been purchased in San Diego with an average listing price of $663,842. Of the homes sold in October, Scripps Ranch and Rancho Bernardo were the two most popular neighborhoods to purchase from. Though family income does vary greatly across the San Diego metropolitan area, the median family income in San Diego is $50,000 with a per capita income of $23,609.
Though most of this information would still normally be considered current, the San Diego market has rapidly changed due to the recent wild fires. Losses are still currently being assessed by the County of San Diego. It is our duty and honor to commend those who have worked so diligently in holding San Diego together during this trying time. From firefighters and city officials, to community organizations and volunteers, we thank you for your effort and bravery. And to those who have suffered losses at the hands of this raging disaster, we salute and admire your strength and courage.
For more information on downtown San Diego real estate, visit Derek Gilliam, of Nuvilla Real Estate.