San Diego, CA - Local Housing Data - Summary

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San Diego, Carlsbad, San Marcos, CA

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San Diego, CA Local News

  • 10 Buzzworthy Builder Articles in 2014

    According to you, these 10 articles have made the most impact thus far in 2014. We've compiled the list using Google Analytics data—now see if you've missed any of the most buzzed about articles on Builder this year.

  • Taylor Morrison Snagged Closing Marblehead San Diego Deal

    Orange County Register staffers Fred Swegles and Jeff Collins report that a deal to sell Orange County's 196-acre Marblehead housing project hit a snag late last week, just days after the city of San Clemente revealed that Lehman Bros., the landowner, had narrowed a field of bidders to Taylor...

  • San Diego, CA - December 2013 - New Home Closings Figures Signal Market Decline Getting Steeper

    New home sales fell in San Diego, CA in December. The percentage of new home closings belonging to single family homes rose, climbing 3.4% percentage points. Real Estate Owned (REO) closings as a percentage of existing home closings dropped, falling 6.0% percentage points. Average prices of new...

Recent Figures Show New Home Prices Increase, Sales Fall in San Diego

Posted on: Apr 06, 2014 07:38:00 AM

In January, there was a drop year-over-year in new home closings in the San Diego, CA market, but the percentage drop was an improvement from December 2013, suggesting the market may be stabilizing. New home closings saw a 25.8% decline from a year earlier to 72. In comparison, new home closings in the same month last year saw a 40.1% decline year-over-year in December.

A total of 2,618 new homes were sold during the 12 months that ended in January, down from 2,643 for the year that ended in December.

New home closings accounted for 2.8% of overall housing closings. As a part of the whole, new home closings were 3.0% a year earlier. Following a year-over-year decline in December, closings of new and existing homes also declined year-over-year in January.

Pricing and Mortgage Trends

In January, the average value of new homes saw a 23.4% hike year-over-year as it grew to $771,994 per unit. This surge is smaller than the 41.7% gain in December year-over-year.

The average mortgage size on new homes moved north year-over-year along with new home prices. It increased 16.6% in January from a year earlier to $551,439. In December 2013, average mortgage size gained 28.3% from a year earlier.

 
 
 

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