The Latest Trends For Single Family Attached Homes

Single family attached homes in North County San Diego.

Here is HomeDex’s latest report for the single family attached home industry located in North San Diego County. Sales of North County single family attached homes increased from last month.

• The North San Diego County median-priced single-family attached homes increased 9.69 percent to $317,000 in March 2013, from $289,000 in February 2013. Non-North San Diego County SFA home median price jumped 18.3 percent, from $224,000 in February 2013 to $265,000 in March 2013.
• North San Diego County single family attached homes median price increased 26.93 percent year-over, from $249,738 in March 2012, the fourth month of year-over price increases exceeding 20 percent. Non-North County SFA median year-over price increased 31.19 percent, compared to $202,000 in March 2012.
• San Diego County single family attached homes median price increased 14 percent, from $250,000 in February 2013 to $285,000 in March 2013. Year-over county median price increased 29.55 percent compared to March 2012.
• The median number of days-on-market for North County single family attached homes sold decreased from 37 days in February 2013 to 26 days in March 2013. The average number of days-on-market decreased from 68 days in February 2013 to 63 days in Marchs 2013.
• The number of sold single family attached homes increased 22.05 percent from February 2103 to March 2013; the number of sold SFA units in non-North County Zip Codes increased 35.75 percent from February 2013 to March 2013.
• Year-over single family attached homes sales in North San Diego County increased 10.69 percent, compared to March 2012. Non-North County year-over sold units increased 13.16, compared to March 2012.
• SFA listings (active and contingent) in North San Diego County increased slightly at 0.5 percent in March 2013, from February 2013, but declined 47.25 percent year-over compared to March 2012. San Diego County SFA listings (active and contingent) increased 1.96 percent from February 2013 to March 2013, but decreased 40.63 percent year-over compared to March 2012.
• The monthly payment – including principal, interest, property taxes, and insurance – for the median-priced single family attached homes in North County increased from $1,344 in February 2013 to $1,651 in March 2013. The monthly payment for the median-priced SFA home in non-North San Diego County zip codes increased from $1,041 in February 2013 to $1,380 in March 2013.
• The percent of San Diego County households able to afford the median-priced SFA home in North County decreased to 50 percent in March 2013, from 59 percent in February 2013.
• The single family attached homes affordability level for non-North San Diego County zip codes fell to 58 percent in March 2013, from 71 percent in February 2013.
• In March 2012, 59 percent of county households were able to afford the median-priced SFA home in North San Diego County and 69 percent were able to afford the median-priced SFA home in non-North County zip codes.