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San Diego real estate news, eastlake, chula vista agents, san diego homes, homes for sale
March 3, 2017
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March 20, 2017

San Diego by the numbers

$493K: Median sale price [fourth quarter 2016 ($229K US)]

7%: Median home price growth [2015–16 (15% US)]

0%: Average weekly wage growth [2015–16 (2% US)]

13%: Discount on houses bought by flippers [Nationally, our market has the fourth smallest discount. The US average in third quarter 2016 was 25.2 percent.]

0.5%: Foreclosure rate 2016 [San Diego is considered well below the normal foreclosure rate of 1 percent.]

-15%: Foreclosure rate change from 2015 to 2016

24/447: Our nationwide rank in unaffordability [Measured by the percentage of wages required to make monthly payments on a median-priced home. However, San Diego has always been less affordable: It’s more useful to consider the change in our affordability over time than compare our stats to 446 other counties. Historically, San Diego is more affordable than it has been.]

4th: Our rank out of the most populated US counties where home prices outpaced wages in 2016.

 

Source: ATTOM Data Solutions