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/
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