The median worth of a single-family dwelling in San Diego County plunged by 5.0% in August to $910,000, however the variety of gross sales elevated, the Higher San Diego Affiliation of Realtors reported Wednesday.
Costs have fallen for the reason that peak of $1 million in April, however are nonetheless 7.1% above the $850,000 median worth recorded in August 2021.
Native Realtors reported 1,564 properties offered in August, a rise of 14.7% from July however down 30.5% from the identical month a 12 months in the past.
The median worth for condominiums and townhomes was unchanged in August at $605,000 and up 12.6% from $555,000 a 12 months in the past.
“The market is shifting in a extra buyer-friendly route with extra stock of properties available on the market for an extended period of time,” mentioned Chris Anderson, president of the native Realtors affiliation.
“The housing affordability index in San Diego has barely improved after a historic low earlier this 12 months, however we should do extra to spice up our housing provide and increase alternatives for homeownership,” he added.
In August, the zip codes in San Diego County with essentially the most single-family dwelling gross sales have been:
- 92028 (Fallbrook) with 52
- 92065 (Ramona) with 47
- 92056 (Oceanside East) with 44
- 92057 (Oceanside North) and 92117 (Clairemont), each with 40
- 92021 (El Cajon) with 39
The most costly single-family property offered in August in San Diego County was a newly constructed property on Clubhouse Drive in Rancho Santa Fe. The 11,622-square-foot two-story property with 6 bedrooms, 8 baths, and 5 storage areas offered for $16.6 million.