San Diego: Mixed Start for 2015 Real Estate

San Diego County’s real estate market got off to a mixed start for 2015, with the pace of annual home price appreciation increasing in January, but sales falling.

Last month, the median price for a home sold in the county was $435,000, up 7.4 percent from January 2014, real-estate tracker CoreLogic DataQuick reported Tuesday. The annual pace was up from 4.8 percent in December, and 3.6 percent in November, but is a far cry from the 24.1 percent peak in June 2013, led by foreclosure resales and investors.

In January, the housing market recorded the fewest transactions since March 2008, the middle of the Great Recession. Last month, 2,233 properties changed hands.

January is generally a slow month, as it reflects deals that were originated during the holiday season, an overall lackluster time in the housing market, said Andrew LePage, a CoreLogic DataQuick analyst. The number of January transactions fell 32 percent from the 3,290 recorded in December, a month in which there could have been a rush to record titles before the end of the tax year.

read more at: http://www.utsandiego.com/news/2015/feb/17/dataquick-january-realestate-home-sales-mortgage/

Disclaimer: for information and entertainment purposes only

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

w

Connecting to %s