Interesting information about San Diego and its housing market.
The Lawhead Team came across this article from NBC San Diego stating that San Diego is the 5th priciest housing market in the nation! Check out the article:
Tuesday, Aug 19, 2014 • Updated at 4:05 PM PDT
San Diego Has 5th Priciest Housing Market in Nation
In case you needed a reminder: The sunshine tax is very real.
San Diego was ranked as having the fifth priciest housing market in America, according to the National Association of Realtor’s latest report.
Of the top five most expensive housing markets, four are in California.
“It’s not a surprise because California has remained at the epicenter of the residential real estate boom this year, with prices now well above the levels of the last few years,” Jamie Duran, president of the Coldwell Banker Residential Brokerage San Diego, Orange County and Desert Region, said in a news release.
The report looks at the median single-family price for homes in cities in the United States over the second quarter of 2014. San Diego’s median price was $504,200, the report showed.
The most expensive housing market is San Jose, where the median home price was $899,500, followed by San Francisco ($769,600) and Anaheim-Santa Ana ($691,900).
Statewide, home prices were up 6.6 percent from June of last year, according to the California Association of Realtors.
The good news for buyers: Interest rates remain low and prices appear to be stabilizing, according to the news release.
Read entire article from NBC San Diego about San Diego‘s housing market: http://www.nbcsandiego.com/news/local/San-Diego-Has-Fifth-Most-Pricey-Housing-Market-in-Nation-271921491.html