Housing Affordability – Single-Family Detached Homes

• The monthly payment – including principal, interest, property taxes, and insurance – for the median-priced SFD home in North San Diego County increased, to $2,991 in May 2015 (based on a conventional mortgage) from $2,940 in April 2015. The monthly payment for the median-priced SFD home in non-North San Diego County increased, to $2,346 in May 2015 from $2,329 in April 2015.
• The percent of San Diego County households that could afford the median-priced SFD home in North County remained at 27 percent in May 2015, according to the North San Diego County HomeDexTM; the affordability percentage in non-North County zip codes decreased, from 38 percent in April 2015 to 37 percent in May 2015.
• In May 2014, the affordability percentage was 27 percent in North San Diego County and 36 percent in non-North San Diego County.
• The HomeDexTM housing affordability percentage for all homes in North San Diego County – single-family detached and single-family attached together – was at 33 percent in May 2015.

Housing Affordability – Single-Family Attached Homes

• The monthly payment – including principal, interest, property taxes, and insurance – for the median-priced SFA home in North County increased from $1,838 in April 2015 to $1,847 in May 2015. The monthly payment for the median-priced SFA home in non-North San Diego County zip codes increased, from $1,583 in April 20115 to $1,609 in May 2015.
• The percent of San Diego County households able to afford the median-priced SFA home in North County remained at 48 percent in May 2015.
• The SFA home affordability level for non-North San Diego County zip code decreased to 55 percent in May 2015 from 56 percent in April 2015.
• 44 percent of county households were able to afford the median-priced SFA home in North San Diego County in May 2014, and 54 percent able to afford the median-priced SFA home in non-North County zip codes in May 2014.

The Lawhead Team would like to share the recent HomeDex Report’s single family attached home prices for North County San Diego.

• The North San Diego County median-priced single-family attached (SFA) home fell 4.55 percent, to $315,000 in May 2013 from $330,000 in April 2013.  NonNorth San Diego County single family attached home median price increased 10.47 percent, from $265,000 in April 2013 to $292,750 in May 2013.
• North San Diego County single family attached home median price increased 24.02 percent year-over, from $254,000 in May 2012, marking the sixth month of year-over price increases exceeding 20 percent.  Non-North County SFA median year-over price jumped 39.4 percent, compared to $210,000 in May 2012.
• San Diego County single family attached home median price increased 5.17 percent, from $290,000 in April 2013 to $305,000 in May 2013.  Year-over county median price increased 32.61 percent, from $230,000 in May 2012.
• The median number of days-on-market for North County SFA homes sold decreased, from 19 days in April 2013 to 18 days in May 2013.  The average number of days-on-market increased, from 47 days in April 2013 to 53 days in May 2013.
• The number of sold SFA units increased 5.08 percent from April 2103 to May 2013; the number of sold single family attached home units in non-North County Zip Codes jumped 21.15 percent from April 2013 to May 2013.
• Year-over single family attached home sales in North San Diego County increased 4.09 percent, from May 2012. Non-North County year-over sold units increased 11.11, compared to May 2012.
• SFA listings (active and contingent) in North San Diego County increased slightly by 0.88 percent in May 2013 from April 2013, but dropped 46.18 percent year over from May 2012.
• San Diego County single family attached home listings (active and contingent) decreased 0.81 percent in May 2013 from April 2013, and decreased 38.02 percent year-over compared to May 2012.

The Lawhead Team would like to share January’s HomeDex report for Single Family Attached Homes in North San Diego County. Please contact us for an of your home buying and selling needs!

• The North San Diego County median-priced single family attached (SFA) home rose 4.67 percent from $267,500 in November 2012 to $280,000 in December 2012.  Non-North San Diego County SFA home median price dropped five percent to $244,000 in December 2012 from $256,850 in November 2012.
• North San Diego County single family attached median price jumped 22 percent year-over from $229,500 in December 2011.  Non-North County SFA median year-over price was up 24.17 percent from $196,500 in December 2011.
• San Diego County SFA home median price fell 3.32 percent to $251,375 in December 2012 from $260,000 in November 2012.  Year-over county median  price increased 22.62 percent compared to December 2011.
• The median number of days on-market for North County single family attached homes sold fell to 46 days in December 2012 from 48 days in November 2012.  The average number of days-on-market decreased to 77 days in December 2012 from 80 days in November 2012.
• The number of sold SFA units declined 5.15 percent in December 2012 from November 2012.  The number of sold SFA units in Non-North County zip codes increased 7.41 percent in December 2012 from November 2012.
• Year-over SFA sales in North San Diego County increased 9.52 percent compared to December 2011. Non-North County year-over sold units decreased 2.75 compared to December 2011.
• SFA listings (active and contingent) in North San Diego County declined 11.35 percent from November 2012 to December 2012 and decreased 46.07 percent year-over from December 2011.  San Diego County single family attached listings (active and contingent) decreased 13.57 percent in December 2012 from November 2012 and 41.19 percent year-over from December 2011.
• The monthly payment – including principal, interest, property taxes, and insurance – for the median-priced SFA home in North County increased to $1,307 in December 2012 from $1,258 in November 2012.  The monthly payment for the median-priced SFA home in Non-North San Diego County zip codes decreased to $1,139 in December 2012 from $1,208 in November 2012.
• The percent of San Diego County households able to afford the median-priced single family attached home in North County decreased from 61 percent in November 2012 to 60 percent in December 2012.
• The SFA home affordability level for Non-North San Diego County zip codes rose from 63 percent in November 2012 to 66 percent in December 2012.
• In December 2011, 62 percent of county households were able to afford the median-priced SFA home in North San Diego County and 69 percent were able to afford the median-priced single family attached home in Non-North County zip codes.

Please visit the full HomeDex report here: January 2013 NORTH COUNTY HomeDex Report

As a leader in our industry, The Lawhead Team would like to share the HomeDex Report for North San Diego Single Family Attached Homes.

The North San Diego County median-priced single family attached (SFA) homes increased slightly at 0.94 percent to $267,500 in November 2012 from $265,000 in October 2012. Non-North San Diego County SFA home median price increased 10.95 percent from $231,500 in October 2012 to $256,850 in November 2012.

North San Diego County single family attached median price increased 8.85 percent year-over compared to $245,750 in November 2011. Non-North County SFA median yearover price jumped 35.26 percent compared to $189,900 in November 2011.

County-wide SFA home median price increased 6.12 percent from $245,000 in October 2012 to $260,000 in November 2012; year-over county median price jumped 26.83 percent from November 2011.

The median number of days-on-market for North County single family attached homes sold increased from 42 days in October 2012 to 48 days in November 2012. The average number of days-on-market increased from 77 days in October 2012 to 80 days in November 2012.

The number of sold SFA units dropped 5.21 percent from October 2012 to November 2012. The number of sold SFA units in Non-North County zip codes fell 5.23 percent from October 2012 to November 2012.

Year-over single family attached sales in North San Diego County increased 17.34 percent compared to November 2011. Non-North County year-over sold units increased 9.81 compared to November 2011.

SFA listings (active and contingent) in North San Diego County dropped 7.79 percent in November 2012 from October 2012 and decreased 43.52 percent yearover from November 2011. San Diego County single family attached listings (active and contingent) decreased 9.81 percent from October 2012 to November 2012 and decreased 37.06 percent year-over from November 2011.

The monthly payment – including principal, interest, property taxes, and insurance – for the median-priced SFA home in North County decreased from $1,261 in October 2012 to $1,258 in November 2012. The monthly payment for the median-priced SFA home in Non-North San Diego County zip codes rose from $1,102 in October 2012 to $1,208 in November 2012.

The percent of San Diego County households able to afford the median-priced single family attached home in North County remained at 61 percent in November 2012.3 The SFA home affordability level for Non-North San Diego County zip codes dropped to 63 percent in November 2012 from 68 percent in October 2012.

In November 2011, 60 percent of county households were able to afford the median-priced SFA home in North San Diego County and 72 percent were able to afford the median-priced SFA home in Non-North County zip codes.