San Diego – Home Prices Fell Back in July

San Diego County home prices fell back to a median of $470,000 in July, a $6,000 drop from June, CoreLogic reported Tuesday.

But the latest figure was still 5.6 percent higher than a year ago, continuing an unbroken, post-recession trend that began in April 2012.

Sales also dipped a bit in July, from 4,467 transactions in June to 4,322 in July, but remained 22.4 percent above July 2014 levels.

Some details, sector-by-sector:

  • Single-family home resales: Median, $520,000 down from $530,000 in June but up 6.1 percent from July 2014’s $490,000. There were 2,797 sales, compared with 2,866 in June and 2,402 in July 2014.
  • Condo resales: Median, $361,500, up from $360,000 in June and $337,000 in July 2014. There were 1,355 sales, compared with 1,355 in June and 1,052 in July 2014.
  • New houses and condos: Median, $610,000, up 11.9 percent from June’s $545,000, but down 1.4 percent from July 2014’s $651,500. There were 170 sales, down from 258 in June and 244 in July 2014.

read more at: http://www.sandiegouniontribune.com/news/2015/aug/18/home-prices-corelogic-july/

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