The most common piece of data
used to determine the price of real estate in any one
community
is the median price of homes in that community. The easiest
way to understand the median price is if you put every
home price on a list, you would take the price that was
in the exact middle of the list, and that would be the
median price.
This San Diego real
estate data regards the sales of single family homes
around San Diego County. It does not include town homes
or condominiums. All of these San Diego communities experienced
a decline in the median price of homes last year.
For the City Heights real
estate market, the median price was $390,000, which
represents a 5.3% decline from the same time last year.
For the Clairemont real estate market, the median price
was $555,000, which represents a 2.6% decline from the
same time last year.
For the College Grove real estate market, the median price
was $475,000, which represents a 5.9% decline from the
same time last year.
For the Encanto real estate market, the median price was
$435,000, which represents a 3.3% decline from the same
time last year.
For the Golden Hill real estate market, the median price
was $451,000, which was a 16.4% decline from the same
time last year.
For the Linda Vista real estate market, the median price
was $510,000, which represents a 4.2% decline from the
same time last year.
For the Mira Mesa real estate market, the median price
was $510,000, which represents a 4.7% decline from the
same time last year.
For the Mission Valley real estate market, the median
price was $510,000, which represents a 3.8% decline from
the same time last year.
For the North Park real estate market, the median price
was $560,000, which represents a 9.7% decline from the
same time last year.
For the Old Town real estate market, the median price
was $580,000, which was a 19.1% decline from the same
time last year.
For the Pacific Beach real estate market, the median price
was $851,960, which represents a 14.8% decline from the
same time last year.
For the Sorrento Valley real estate market, the median
price was $861,000, which represents a 1% decline from
the same time last year.
For the Tierrasanta real estate market, the median price
was $570,000, which represents a 12.6% decline from the
same time last year.
This data is not an ultimate account of the pricing trends
for any San Diego community. Some communities represented
may have had very few homes sold during the pricing period,
which could decrease the overall median price of real
estate in that community. Real estate data is more definitive
over a longer duration of time, and should involve multiple
metrics to fully understand lasting market
trends. Contact your local San
Diego Realtor to obtain information about enduring
market trends for any given community.
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