Homes for Sale in the Metro Area of San Diego

The median price for single family homes for sale in the metro areas of San Diego rose this January compared to the median price last year at this time.

The breakdown is as follows:

North Park Homes (92104)

January 2013 $562K verses January 2012 $425K

Mission Hills and Hillcrest (92103)

January 2013 $595K verses January 2012 $480kK

University Heights & Normal Heights (92116)

January 2013 $508,750K  verse January 2012 $342k

The median price is the price where half of all home sold for more and half of all homes sold for less. It’s a good statistic to look at as it can often be a more realistic way of measuring price trends. “Average sales price” can often be skewed by a relatively high or low sales price of just a few homes. Statistics in general are meant to be used as a tool and of course the value of a home comes down to its individual traits, upgrades, location, etc. However this month over year comparison does help us see and understand the upward trend in prices in San Diego’s Metro communities. (All information was provided by the San Diego Association of Realtors using data extracted from the multiple listing service.) If you are thinking of buying or selling a home, give me a ring. I can help!

All rights reserved. All information deemed reliable but not guaranteed.