10News.com

Sustain San Diego
Holiday Gift Guide Button
Sustain San Diego
10 News Leadership Award
House and Home

Median Price For Homes Still Strong

Strongest Increase In South County Homes

POSTED: 3:25 pm PST January 23, 2005
UPDATED: 3:36 pm PST January 23, 2005

Despite predictions of a slowdown, the cost of San Diego houses shot up again last year.

A look at the historical trends shows which neighborhoods appreciated the most.

Realtor Casey Ralston said the housing market has slowed, with houses sitting for two months on average, but prices have not retreated.

"You have a lot of people who are moving up from a three -bedroom that they bought three years ago and are cashing in on hundreds of thousands of dollars of equity and moving into something that has 5 bedrooms or a large lot," Ralston told 10News.

Historically in San Diego, home values doubled every 12 years. But, recently prices have far outpaced the previous numbers.

In 1988, the median price was $145,000. The median price went up, then dipped in 1995, and then recovered, landing last year at $498,000.

The South County region had the highest appreciation last year over any other region in the county. The median price there increased 31 percent, 10News reported.

The community of Chula Vista was outpaced only by communities of Solana Beach and Del Mar.

Overall in San Diego County, the median prices rose 26 percent last year.

To to see the prices in your neighborhood DataQuick Real Estate News has created a list on their Web site.

Links We Like

Sponsored Content
Employers generally have options when it comes to hiring. Makes sure you present yourself as professionally as possible, or else. More

To get the most out of your remodel, check out these 10 home updates that have the biggest payoffs when it comes time to sell your home. More

The first step in reducing debt is recognizing how much you have. Let us help you with the rest and get out from under your debt in 12 months. More

Do you want the look of a quality paint job without the hassle of having to redo it over and over? Spray on siding could be the answer. More

Sponsored Links

Shop Your Insurance

SAVE up to 30% on Insurance
Paying too much for insurance? Get quotes from multiple companies and choose the best plan for you. Start saving now!

Insurance Type:


Zip Code:

E-Mail News

Sign up to receive House and Home tips, plus promotions and special offers from our sponsors
 
E-Mail News Alerts
Get breaking news and daily headlines.
Browse all e-mail newsletters