San Diego – Home Prices Rose more slowly in 2015

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/

disclaimer: for information and entertainment purposes only

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