Home prices rose more slowly in 2015 than previous years, but it was enough to push many communities in San Diego County past their pre-recession peaks. Rising prices led some areas east and south of the city – like El Cajon and San Ysidro – to see substantial price increases of 16 percent and 14 percent, respectively.
Contact the appraiser at www.scappraisals.com for your home value questions.
Eighteen neighborhoods, including El Cajon with a median home price of $415,000, shot past records. Before the housing crash, its highest level was $385,000 in 2007.
At the same time, older communities with few new homes, such as Hillcrest and
Mission Beach, actually dropped slightly in value by about 1 percent.
Most predictions for this year say the rate of price appreciation will continue to slow
because of affordability issues and higher mortgage rates.
read more at: http://www.sandiegouniontribune.com/news/2016/feb/14/tp-passing-the-peak/
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