The Latest Housing Trends For Town Homes and Condominiums

Looking for a town home or condominium?

The Lawhead Team would like to share some of our latest housing trends for attached homes, such as condominiums and town homes, in San Diego’s North County:

• The North San Diego County median-priced single-family attached (SFA) home, such as a condominium, decreased 3.68 percent, from $353,000 in July 2013 to $340,000 in August 2013.
• Non-North San Diego County SFA home, such as a condominium, median price was constant at $295,000 in August 2013.
• North San Diego County SFA median price increased 21.43 percent year-over, from $280,000 in August 2012, the ninth straight month of year-over price increases over 20 percent.  Non-North County SFA homes, such as a condominium, median year-over price increased 32.88 percent, from $222,000 in August 2012.
• San Diego County SFA home median price declined 3.28 percent, to $310,000 in August 2013 from $320,500 in July 2013.  Year-over county median price increased 29.17 percent compared to August 2012.
• The median number of days-on-market for North County SFA homes, such as a condominium, sold decreased, from 16 days in July 2013 to 15 days in August 2013.  The average number of days-on-market increased, to 39 days in August 2013 from 35 days in July 2013.
• The number of sold SFA units dropped 5.79 percent in August 2103 from July 2013; the number of sold SFA units in non-North County Zip Codes increased 0.89 percent in August 2013 from July 2013.
• Year-over SFA sales in North San Diego County increased 3.17 percent, compared to August 2012. Non-North County year-over sold units increased 2.88, compared to August 2012.
• SFA listings (active and contingent) in North San Diego County increased 8.98 percent from July 2013 to August 2013, but decreased 27.46 percent year-over compared to August 2012.  San Diego County SFA, such as a condominium, listings (active and contingent) increased 6.08 percent from July 2013 to August 2013, and decreased 20.65 percent year-over compared to August 2012.
• The monthly payment – including principal, interest, property taxes, and insurance – for the median-priced SFA home in North County declined, to $1,631 in August 2013 from $1,679 in July 2013.  The monthly payment for the median priced SFA home in non-North San Diego County zip codes increased, to $1,415 in August 2013 from $1,403 in July 2013.
• The percent of San Diego County households able to afford the median-priced SFA home, such as a condominium, in North County increased, from 50 percent in July 2013 to 51 percent in August 2013.
• The SFA home affordability level for non-North San Diego County zip code remained at 58 percent in August 2013.
• In August 2012, 58 percent of county households were able to afford the median-priced SFA home, such as a condominium, in North San Diego County; 69 percent were able to afford the median-priced SFA home in non-North County zip codes.