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Spring Real Estate Trends, 2006

Published : 8/17/2006 by admin admin

Interested in 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

Current Marketing Trends

George Chamberlain recently spoke at an event hosted by the new master planned community in San Diego, Del Sur. He explained the current marketing trends and what you should watch for. View his seminar at http://delsurseminar.delsurliving.com.

Lauren on 4/9/2007 9:55:40 AM

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