{"id":8431,"date":"2022-03-18T13:23:04","date_gmt":"2022-03-18T20:23:04","guid":{"rendered":"https:\/\/sandiegonewsdesk.com\/?p=8431"},"modified":"2022-03-18T10:34:22","modified_gmt":"2022-03-18T17:34:22","slug":"home-prices-in-san-diego-county-up-16-from-a-year-ago","status":"publish","type":"post","link":"https:\/\/sandiegonewsdesk.com\/?p=8431","title":{"rendered":"Home Prices in San Diego County up 16% From a Year Ago"},"content":{"rendered":"

On Tuesday, the California Association of Realtors reported the average home price in San Diego County had reached $888,000 in February, which is up from $875,000 a month earlier and $765,000 one year ago.\u00a0<\/span><\/p>\n

Statewide, the average price of an existing, single-family home reached $771,270 in February, up from $765,610 in January and $699,000 one year prior. Total sales of single-family homes in California were down 4.5% from January and 8.2% from one year ago, to a total of 424,640 in February. Southern California experienced a 9.9% decrease in total house sales over February 2021.<\/span><\/p>\n

The average time it took a single-family home to sell in February was 9 days in February, down from 10 days in February 2021.<\/span><\/p>\n

The state leader in home prices continues to be the San Francisco Bay area, where the average home price reached $1.335 million, with highs of $2.1 million in San Mateo County, $1.9 million in San Francisco, $1.82 million in Santa Clara County and $1.58 million in Marin County.<\/span><\/p>\n

The cheapest homes in California are found in Lassen County – the northernmost part of the state – with a median price of $239,000.<\/span><\/p>\n

In a statement, California Association of Realtors President Otto Catrin said, \u201cDespite higher mortgage rates, California\u2019s housing market is holding up remarkably strong, with home prices re-accelerating, market competition growing and signs that the listings crunch is thawing,\u201d continuing that, \u201cProspective buyers are taking advantage of still-low rates before they move higher and getting a jump on competition before the start of the spring home-buying season.\u201d<\/span><\/p>\n

Photo Cred: Mashvisor<\/p>\n","protected":false},"excerpt":{"rendered":"

On Tuesday, the California Association of Realtors reported the average home price in San Diego County had reached $888,000 in February, which is up from $875,000 a month earlier and $765,000 one year ago.\u00a0 Statewide, the average price of an existing, single-family home reached $771,270 in February, up from $765,610 in January and $699,000 one…<\/p>\n","protected":false},"author":3,"featured_media":8432,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-8431","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy"],"yoast_head":"\nHome Prices in San Diego County up 16% From a Year Ago - San Diego News Desk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/sandiegonewsdesk.com\/?p=8431\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Home Prices in San Diego County up 16% From a Year Ago - 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