La Jolla Real Estate, Del Mar real estate, Rancho Santa Fe Homes, Carmel Valley Real Estate, University City and
Downtown San Diego real estate, homes and condos for sale in California - Ruth Mills & the Mills Team, REALTOR.






Search the San Diego MLS
(includes all areas in San Diego County)



 February 06, 2008

Median Price of a Home, in San Diego, Not Always Falling
Looking at San Diego County home prices, last month, one might think that average prices were in the gutter. Compared to the numbers from December, a year ago, the median home price was down by 13% and down 17% from the record high November of '05.
On the other side of the coin, real estate analysts have continually warned people not to ever focus on one particular month, especially when that month happens to be December. "When you analize the DataQuick information, you can clearly see that the decline is going at a much more gradual pace." This year the median price of a home is only down less than 5% from the all time high of 2005 - 2006.

In San Diego County, there were 15 areas / neighborhoods where the median price actually increased. The number one area is Rancho Santa Fe. Homes in Rancho Santa Fe are some of the most expensive in the country, but that didn't stop it from posting more than a 30% increase, up to nearly $2 million.

The La Jolla real estate market is also doing well, coming in third place with an average price of $1,040,000. This is almost an eight percent increase, on over 750 sales. Other areas doing well are Boreggo Springs, Rancho Bernardo real estate and Bonsall.

Back to Real Estate News

Search San Diego Real Estate