buying a house in San Diego, but unsure whether you’re getting your
money’s worth? Statistics are a good place to start.
The real estate
market in 2006 started out rather feebly, and many thought the
infamous bubble was about to pop. However, sales have already more
than rebounded. In February alone, Home sales shot up 46.7%, and
condo sales rose 25.2%. However, prices aren’t shooting up at the
same rate. Since the same time last year, median home prices have
risen only 3%.
The average home
price for San Diego County this spring is about $720,000 with the
median hovering around $580,000. The most expensive community is
Rancho Santa Fe, with an average selling price for a single-family
home skyrocketing to $2,9 million. La Jolla rings in at a lower, but
still awe-inspiring $1.8 million. If your pockets aren’t packed,
sniff around Vista, with prices averaging at $570,000; Oceanside,
with prices averaging at $580,000, or San Marcos, with prices
averaging at $600,000.
The area with
the most staggering growth rate was Del Mar, where the average price
for houses increased a whopping 142% over the course of the year.
Solana Beach bumped up 30%, and Fallbrook about 20%. La Jolla homes,
however, lowered in price 10%.
For more San
Diego County statistics, see http://rereport.com