Latest Trends In San Diego’s Housing Market From The HomeDex Report
Key points from July’s HomeDex report for North County San Diego.
The Lawhead Team would like to share North San Diego County’s latest HomeDex report’s key points.
The median price for all North County home sales – attached and detached – increased to $495,000 in June 2013 compared to $485,000 in May 2013 according to the HomeDexreport.
Detached homes in North County increased 1.71 percent in June 2013 to $565,000 compared to $555,500 in May 2013. Year-over median price for SFD in North San Diego County jumped 20.21 percent, from $470,000 in June 2012, continuing an 11-month trend of year-over median price increases (the last four months exceeding 20 percent).
HomeDexreported detached home prices OUTSIDE North County increased 2.32 percent to $429,750 in June 2013 compared to $420,000 in May 2013. Year-over non-North County median price jumped 23.49 percent compared to $348,000 in June 2012, making a 15-month trend of year-over median price increases.
Attached home prices in North County increased 5.86 percent to $333,450 in June 2013 compared to $315,000 in May 2013. Year-over North San Diego County median price increased 28.75 percent, compared to $259,000 in June 2012.
HomeDex reported Non-North County attached home prices decreased 1.31 percent to $301,000 in June 2013 compared to $305,000 in May 2013. Year-over countywide SFA median price increased 33.19 percent, compared to June 2012.
The number of North San Diego SFD listings (active and contingent according to the HomeDexreport) rose 5.97 percent from May 2013 to June 2013, but decreased 26.1 percent year-over compared to June 2012 – continuing a 22-month trend of year-over declines in listings.
The number of sold North San Diego County SFD units decreased 5.76 percent in June 2013 compared to May 2013. Year-over sold SFD units decreased 0.88 percent compared to June 2012 according to the HomeDexReport.
Median days-on-market for single-family detached homes sold in North County increased to 19 days in June 2013 compared to 18 days in May 2013.
The HomeDexaffordability percentage for all homes in North San Diego County – attached and detached – remained at 34 percent in June 2013.