The county joins the only one other Southern California market, Orange County, in having prices top the $1 million mark.
The resale single-family San Diego County home price crossed $1 million in May. Pictured: Houses line the bluff in Carlsbad. The median price of a resale single-family home reached $1,001,500 in May, CoreLogic revealed this week, up from a revised $985,000 the previous month. It is a record high for San Diego County, joining only one other Southern California market, Orange County, in having prices top the $1 million mark.
Goldman said as long as there are more buyers than sellers the price will keep rising. By the middle of 2023, 91.8 percent of U.S mortgage holders had a rate below 6 percent, said, making it unlikely they would want to move and take on a new mortgage around the 7 percent mark. This creates a low inventory of properties for home shoppers.That’s up from a low point of roughly 3,000 to start the year, but still down from historical averages.
He put a 1,608-square-foot single-family home in south San Diego, near Imperial Beach, on the market last week for $775,000 and has received four offers over asking. The three-bedroom, two-bathroom home was built in 1960 and Perez-Vazquez said he anticipates it will sell somewhere above $800,000. Assuming 20 percent down, the monthly cost for a resale single-family home in May would be around $5,850. With May 2021’s rate, it would be about $3,860.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
KEN KRAMER'S ABOUT SAN DIEGO: Vintage Train & San Diego State CollegeThursday, June 27, 2024 at 8 p.m. on KPBS TV / Stream now with the PBS App + Encore Sunday, June 30 at 4 p.m. on KPBS and Monday, June 1 at 8 p.m. on KPBS 2. We join Ken aboard a vintage train through the desert backcountry of San Diego County.
Read more »
Things to do this weekend: San Diego Beer Weekend, San Diego Smooth Jazz Festival and moreA list of things to do this weekend in San Diego County, from Chula Vista to Oceanside.
Read more »
KEN KRAMER'S ABOUT SAN DIEGO: San Diego Zoo Exhibit, Rock Castle & TurkeysThursday, June 20, 2024 at 8 p.m. on KPBS TV / Stream now with the PBS App + Encores Sunday, June 23 at 4 p.m. on KPBS TV and Monday, June 24 at 8 p.m. on KPBS 2.
Read more »
San Diego City Council rejects Power San Diego’s ballot measureSan Diego voters will not decide whether to replace San Diego Gas and Electric with a nonprofit municipal electric utility this November. In other news, we have a recap on the State of North County address. Plus, we learn about a summer enrichment program for more than 24,000 students in the San Diego Unified School District.
Read more »
San Diego City Council keeps Power San Diego initiative off ballotThe initiative would have asked voters whether to replace San Diego Gas & Electric with a nonprofit, municipal electric utility.
Read more »
Don Diego VFW building tank float for the San Diego Pride ParadeAaron enjoys helping improve people’s quality of life through his storytelling and promoting a healthy lifestyle. He also loves competing in Crossfit.
Read more »