Median Sales Price of Homes in San Diego Continues to Rise

The median sales price for homes in San Diego continues to rise.  Both town homes as well as single family homes are up significantly from year ago. 

The median sales price for condos and townhomes, for April, was $288,500.  This is up 37.380% from last year.

The median sales price for single family homes in San Diego for April was $450,000.  This is also an increase compared to April 2012:  up 23.280%.

The chart below, provided by the San Diego Association of Realtors, extrapolates real raw data from the MLS and illustrates that prices are definitely on the rise.  This is great news for San Diego Homeowners, not so great news for buyers.  Competition remains fierce and multiple offers continue to be the norm.  The good news for buyers is interest rate continue to remain at all time lows so despite the increase in pricing, homes remain very affordable.

The San Diego Real Estate Market is not for the faint at heart or for casual part time shopper.  If you don’t have all your ducks in order, or if you don’t have an aggressive agent on your side, you will surely experience frustration and rejection.  To decide if now is the right time for you to invest, give me a ring.  I’m happy to meet with you over coffee to discuss your goals and give you a realistic expectation if today’s San Diego Real Estate market will match such goals, or not.  Don’t wait for the next downturn in the market to decide if you should buy.  Now is an excellent time and I encourage you to give me a call today!

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