Translate this page

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
Advertisement for Christ the King  Lutheran Church
[ Christ the King Lutheran Church ]
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.


 

2 comments

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.

Article Comments are contributed by our readers, and do not necessarily reflect the views of The Fallbrook Village News staff. The name listed as the author for comments cannot be verified; Comment authors are not guaranteed to be who they claim they are.

 

Add your Comment


Name

Images, Formatting, or HTML is not allowed : plain text only. You may post up to 5 website addresses within your comment.




Disclaimer

The Fallbrook Village News has tightened its' policy regarding comments.
While we invite you to contribute your opinions and thoughts, we request that you refrain from using vulgar or obscene words and post only comments that directly pertain to the specific topic of the story or article.
Comments that are derogatory in nature have a high likelihood for editing or non-approval if they carry the possibility of being libelous.
The comment system is not intended as a forum for individuals or groups to air personal grievances against other individuals or groups.
Please, no advertising or trolling.
In posting a comment for consideration, users understand that their posts may be edited as necessary to meet system parameters, or the post may not be approved at all. By submitting a comment, you agree to all the rules and guidelines described here.
Most comments are approved or disregarded within one business day.

RSS FeedFacebookTwitter



Advertisement for Fallbrook Healthcare Partners





Subscribe




Most Commented


Reach Local Customers



The Fallbrook Village News The Fallbrook Village News
760-723-7319 - 1588 S. Mission Rd. Suite 200, Fallbrook CA 92028
All contents copyright ©2014
About Us
Earthquake Information
Business Listings
Contact Us
Letter to the Editor
Report a website error
Sitemap
Online Digital Edition
RSS Feeds
Login