Unlike many other areas of the country, San Diego County’s real estate market has remained relatively stable over the past year. Some areas of the county have seen a higher increase than others, while some have experienced a decrease in home values. As a whole, the sales in San Diego County fell 8.4 percent and the median price decreased in 63 of the 93 zip codes. Regional drops were anywhere from 1.8 to 7.7 percent since the same period in 2010.
North County coastal neighborhoods are among the few in the county where housing prices have risen, stabilized, or only declined slightly. The area is a majority of families, made up of high paid tech workers and move up home buyers. Areas such as Carmel Valley saw a 5.9 percent increase in their median price to $950,000. In addition, the number of new homes sales in Carmel Valley increased by 13.2 percent. Southwest Carlsbad and Del Mar saw an increase in their median sale price as well.
East County has also been a hot area for real estate transactions. The area became flooded with first time home-buyers and investors taking advantage of the low interest rates and distressed properties. The home values only saw a small decrease of -0.2 to -4.5 percent depending on the style of home and area. However, Jamul experienced an increase of 15.2% rising form $375,000 to $432,000 from last year. Areas such as Spring Valley and Santee, had in increase in the number of resales, but a 8.6 to 10.6 decrease in the median home price. Refer to the map to see how your neighborhood home values are doing.
If you are looking to buy or sell real estate at this time, call us at Premiere Homes 858.455.6700.
San Diego County Home Prices by Region
