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Median home price in San Diego County increases 18 percent from Dec. 2011 to Dec. 2012

Friday, January 11th, 2013
Issue 02, Volume 17.

SAN DIEGO (Wire Service) - The median price of a single-family home in San Diego County last month was $418,500, an 18 percent increase over December 2011, the San Diego Association of Realtors announced today.

The December 2012 cost was also 3 percent above what it had been in November, according to SDAR statistics.

The organization reported that condominiums and townhomes had a median price of $253,000 last month, a 23 percent hike from December 2011.

Linda Lee, the president of the SDAR Board of Advertisement
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Directors, said the figures are encouraging.

"The momentum carried into December, giving us a strong finish to 2012," Lee said. "I firmly believe San Diego's real estate market will continue to rebound in 2013."

The December 2011 median price for a single-family home in December 2011 was $355,000. For multi-family housing, it was $205,000.

The number of sales of houses climbed 10 percent in December to 2,004 compared with the same month one year earlier. Condo and townhome purchases were up 5 percent to 897.



Comment Profile Imagedogwood
Comment #1 | Friday, Jan 11, 2013 at 5:44 pm
Median is the numerical value separating the higher half of a sample, a population, or a probability distribution, from the lower half. One might infer values have gone up 18%, but much it might more likely mean the higher end houses once stalled on sales is now moving.
Comment Profile ImageMom of lots
Comment #2 | Tuesday, Jan 15, 2013 at 8:29 pm
No, medium range houses have gone up quite a bit.

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