A recent article from the Carlsbad Patch discusses San Diego’s hot housing market:

North Coast Keeps Pace in Hot San Diego Housing Market

La Jolla and Del Mar lead pack with growing median prices, but Carlsbad and Oceanside are heating up considerably too.

If you’re interested in buying or selling your home, these facts from May should tell you a lot – the market is gaining ground fast.

• The median price of a single-family home in San Diego County was $466,000 in May, up 22.6 percent from a year ago and 3.6 percent higher than April, the San Diego Association of Realtors reported online.
• More than 2,400 houses were sold last month, up 15.5 percent from April and 10.2 percent from May last year.
• The number of days a house spent on the market dropped by nearly one-third in the first five months of this year, compared to the same time last year.

In the North coastal market:  

• In Carlsbad, more than 120 homes sold in May. The average median price in the month across the community’s four zip codes was $741,250, an improvement on both the year-to-date trend and over May 2012.
• In Del Mar, 17 homes were sold in May. The median price was $1.27 million, down from the 2013 trend so far, but up from May 2012 by almost 21 percent.
• In Encinitas, 49 homes sold in May, at a median price of $771,000, which was down both compared to the year-to-date numbers and last May.
• In La Jolla, 41 homes sold in May and the median price was $1.5 million, up slightly from earlier this year and more than 10 percent from a year ago.
• In Oceanside, nearly 150 homes sold in May, at an average median price of $407,747 spread across four zip codes. That’s up both year-to-date and compared to last May.
• In San Diego, just off the coast, 60 homes sold in Carmel Valley, where the median price was $989,000, improving slightly on the 2013 trend, but rising more than 15 percent over the May 2012 numbers.

As far as condominiums and townhouses, the median price in the county was $305,500 in May, up 32.8 percent from the same period a year ago and 5.9 percent from April.

In May, more than 1,000 condos or town homes changed hands – a 9.6 percent hike from the same month last year.

Read entire article on San Diego‘s coastal housing market at the Carlsbad Patch: http://carlsbad.patch.com/groups/real-estate/p/north-coastal-cities-keep-pace-in-hot-san-diego-housing-market