San Diego Home Prices Compared to Rest of California
California home prices with their precipitous heights and troughs make national news on a consistent bases. But as this infographic from the California Association of Realtors shows, real estate is local.
Predictably, the San Francisco Bay area hits the stratosphere, with San Mateo. Marin and San Francisco Counties all topping out with average sales prices in the mid $700’s to mid 800’s. These norther counties are followed by Contra Costa, Santa Clara and Orange Counties.
At the red tier, San Diego real estate tops out with an average sales price of $388,100, beating San Luis Obispo, Sonoma, Napa and Los Angeles Counties.
Hardest hit counties in California include Merced ($107,730), Lake ($116,870), Siskiyou ($120,000) and Tulare ($122,320) Counties.
Home prices in San Diego are still far off their previous highs set in September, 2005, but substantially up from their dismal lows in the spring of 2009.
What we are seeing in our local practice is a very congested market with multiple offers with lower priced properties–as well as buffed-out San Diego homes that are competitively priced.
If you are interested in exploring your home’s value in today’s vigorous market, please feel free to give us a call at 877-818-8197 or email roberta@sandiegopreviews.com