What is new in North County San Diego’s housing market?
The Lawhead Team would like to share the HomeDex Report’s key points in the San Diego North County Housing industry.
The median price for all North County home sales – attached and detached – increased slightly to $495,000 in August 2013 compared to $494,000 in July 2013.
Detached homes in North County rose 1.95 percent in August 2013 to $575,000 compared to $564,000 in July 2013. Year-over median price for SFD in North San Diego County jumped 26.10 percent, compared to $456,000 in August 2012, making 13 straight month of year-over median price increases (the last six months exceeding 20 percent). August 2013 reported the highest median SFD price since late 2007.
Detached home prices OUTSIDE North County remained at $435,000 in August 2013 compared July 2013. Year-over non-North County median price jumped 21.17 percent compared to $359,000 in August 2012, making 17 straight months of year over median price increases.
Attached home prices in North County decreased 3.68 percent to $340,000 in August 2013 compared to $353,000 in July 2013. Year-over North San Diego County median price jumped 21.43 percent, compared to $280,000 in August 2012.
Non-North County attached home prices remained constant at $295,000 in August 2013. Year-over countywide SFA median price jumped 32.88 percent, compared to August 2012.
The number of North County San Diego SFD listings (active and contingent) increased 11.49 percent in August 2013 compared to July 2013, but decreased 8.62 percent year-over compared to August 2012 – continuing a 24-month trend of year-over declines in listings.
The number of sold North County San Diego County SFD units decreased 6.94 percent in August 2013 compared to July 2013. Year-over sold SFD units fell 7.71 percent compared to August 2012.
Median days-on-market for single-family detached homes sold in North County increased to 21 days in August 2013 compared to 17 days in July 2013.
The HomeDex affordability percentage for all homes in North San Diego County – attached and detached – was 33 percent in August 2013.