The housing market is showing positive signs of recovery. . . median home prices are fairly stable and reflect a slight increase for detached single-family listings sold year-over-year.
(PRWEB) April 09, 2012
The latest Homes.org real estate market report has good news for homeowners in San Diego, CA. Based on recent sales figures and the expert opinions from various industry professionals, all signs are pointing towards positive trends in the San Diego real estate market.
After seeing the February home sales report, San Diego Association of Realtors President, Donna Sanfilippo, stated, "The housing market is showing positive signs of recovery. . . median home prices are fairly stable and reflect a slight increase for detached single-family listings sold year-over-year."
A number of metro areas, including San Diego, have seen significant improvement that began in Q4 of 2011 and appear to be holding strong in Q1 of this year. The San Diego real estate market's continued stabilization is due in part to the positive jobs outlook. Commercial real estate agents in San Diego recently met at a conference that outlined the industries that are set to grow in the coming months and years: the military, craft-beer breweries, clean/green technology and wireless technology. Tourism is also a factor and a catalyst for the growing number of craft breweries in the area.
Unlike many other cities in California, San Diego appears to have weathered the recession storm and is expected to keep building on its current momentum.
San Diego Real Estate Market Latest Information and Statistics
County: San Diego
Zip Codes in the City: 92101-92117, 92119-92124, 92126-92140, 92142, 92145, 92147, 92149-92155, 92158-92172, 92174-92177, 92179, 92182, 92184, 92186, 92187, 92190-92199
Population (City): 1,301,617
Population (Metro): 3,095,313
Total Households(2006-2010): 474,906
Median Value Owner Occupied Housing (2006-2010): $503,700
February 2012 Average Sale Price for Single-family Attached Homes in San Diego: $248,320
February 2012 Average Sale Price for Single-family Detached Homes in San Diego: $455,184
February 2012 Median Sale Price for Single-family Attached Homes in San Diego: $198,500
February 2012 Median Sale Price for Single-family Detached Homes in San Diego: $360,000
February 2012 Single-family Sales in San Diego: 2,253
Foreclosures (County): 1 in 307
Renters vs. Owners (2006-2010): 50.5% vs 49.5%
Type of Home:
58% Single Family
Popular San Diego Neighborhoods Seeing Improvement in Sales
- La Jolla
- San Marcos
- San Diego Downtown
- Mission Valley
- Mira Mesa
- Rancho Bernado
To learn more homes for sale in San Diego and other California real estate markets, please visit: Homes.org
Homes.org is a fast growing real estate search portal that offers users much more than MLS listings. Homes.org gives users access to a rich collection of resources, including but not limited to, real estate listings, home owner finance tools and home service tools. Homes.org brings buyers, sellers and renters important information about the current markets and intelligent tools by partnering with real estate professionals from around the country. Homes.org is a subsidiary of Star Nine Ventures, Inc. headquartered in Austin, TX.
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