The latest in North County’s housing market for single family detached homes.
The Lawhead Team always makes sure to stay on top of recent trends in the housing market and would like to share the HomeDex report for North County San Diego’s detached homes.
The median price for all homes in North San Diego County – single-family detached and single-family attached – increased to $495,000 in August 2013 from $494,000 in July 2013.
The median-priced single-family detached (SFD) home in North San Diego County rose 1.95 percent, from $564,000 in July 2013 to $575,000 in August 2013. Year-over median single-family detached homes price in North San Diego County jumped 26.10 percent, from $456,000 in August 2012 – the 13th straight month of year-over median price increases, last six months exceeding 20 percent. August 2013 reported the highest median SFD price since late 2007.
The single-family detached homes median price in non-North County Zip Codes remained at $435,000 in August 2013. However, year-over non-North County median price was up 21.17 percent, compared to $359,000 in August 2012, making the 17th straight month of year-over median price increases.
The median single-family detached homes price in San Diego County remained steady at $485,000 in August 2013; however, year-over county-level SFD median price was up 24.36 compared to August 2012.
The median days-on-market for North San Diego County single-family detached homes sold increased, from 17 days in July 2013 to 21 days in August 2013.
The SFD median price-per-square foot increased from $264 in July 2013, to $273 in August 2013, a 26.23 percent increase year-over from August 2012 and the highest price since November 2007.
The number of sold single-family detached homes units in North San Diego County dropped 6.94 percent from July 2013 to August 2013. Year-over sold SFD units fell 7.71 percent compared to August 2012.
Single-family detached homes total sales volume increased 1.90 percent year-over compared to August 2012, the 17th month of year-over increases.
Single-family detached homes listings (active and contingent) in North San Diego County increased 11.49 percent from July 2013 to August 2013, but were down 8.62 percent year-over compared to August 2012 – the 24th month of year-over decreases in listings.
SFD listings (active and contingent) in San Diego County increased 2.81 percent from July 2013 to August 2013, but decreased 17.25 percent year-over from August 2012.
The monthly payment – including principal, interest, property taxes, and insurance – for the median-priced single-family detached homes in North San Diego County increased, from $2,680 in July 2013 (based on a conventional mortgage) to $2,758 in August 2013.
The monthly payment for the median-priced single-family detached homes in non-North San Diego County increased, from $2,067 in July 2013 to $2,086 in August 2013.
The percent of San Diego County households that could afford the median-priced single-family detached homes in North County declined, from 28 percent in July 2013 to 27 percent in August, according to the North San Diego County HomeDexTM; the affordability percentage in non-North County Zip Codes remained at 41 percent in August 2013.
In August 2012, the affordability percentage was 36 percent in North San Diego County and 47 percent in non-North San Diego County.
The HomeDexTM affordability percentage for all homes in North San Diego County – single-family detached and single-family attached together – was 33 percent in August 2013.
