Slowdown in San Diego
SAN DIEGO -- San Diego County is seeing one of California's lowest appreciation rates in home prices.
DataQuick Information Systems says sales of California homes and condos slowed in July, even as homebuyers helped push prices to new records.
The statewide median price paid for a home last month was $451,000, up 17.4 percent from July 2004. In San Diego County, the median price of homes rose over the last 12 months to $496,000, an increase of 5.1 percent. That is much lower than in recent years, when home prices were rising at 20 percent or more per year.
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DataQuick Information Systems says sales of California homes and condos slowed in July, even as homebuyers helped push prices to new records.
The statewide median price paid for a home last month was $451,000, up 17.4 percent from July 2004. In San Diego County, the median price of homes rose over the last 12 months to $496,000, an increase of 5.1 percent. That is much lower than in recent years, when home prices were rising at 20 percent or more per year.
Continue...
posted by Little_Silvered at 7:11 PM
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