Full County 2013 REPORT

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1 North San Diego Association of REALTORS $ North San Diego HomeDex TM Full REPORT Statistics HomeDex is an exclusive NSDCAR member benefit

2 PLEASE READ The name HomeDex and its contents are protected under a trademark and copyright held by the North San Diego Association of Realtors (NSDCAR). Permission is granted to NSDCAR members to use the HomeDex name and/or its contents in any printed materials, website or other media applications provided any and all attribution for the HomeDex name and its contents is given to the North San Diego Association of Realtors. Failure to do so will result in revoking permission to use the HomeDex name and/or its contents Direct written requests for permission, together with a brief description of how the name and contents would be used, to Lynn Sullivan, NSDCAR Communications Director, at Communications@nsdcar.com and include the proposed user s contact information. HomeDex is prepared for the North San Diego Association of REALTORS by Robert Brown, Ph.D., California State University, San Marcos. Questions may be directed to Dr. Brown at rbrown@csusm.edu; phone # (760) or to NSDCAR Communications Director, Lynn Sullivan, at Communications@nsdcar.com; phone # (760) Data source: Sandicor, Inc. Statistics obtained from MLS data. Copyright North San Diego Association of REALTORS, No portion of this text may be reproduced, redistributed, faxed OR TRANSMITTED ELECTRONICALLY without the written permission of the North San Diego Association of REALTORS. 02/01/12

3 San Diego HomeDex TM Summary Report Single-Family Detached Homes Single-Family Detached Home Prices by Region of San Diego The median-priced single-family detached (SFD) home in San Diego increased four percent, from $450,000 in April to $467,950 in, and increased percent year-over from. 1 North San Diego SFD median price increased 3.83 percent, to $555,500 in from $535,000 in April, and increased percent year-over from. East San Diego median SFD home price increased 6.38 percent, from $345,000 in April to $367,500 in, and increased percent year-over from. South median SFD price increased 5.9 percent, from $373,000 in April to $395,000 in, and increased percent year-over from. San Diego Metro median SFD price increased 5.6 percent, to $528,000 in from $500,000 in April, and increased percent year-over from April Prices Single-Family Detached Homes $600,000 April $500,000 $400,000 $300,000 $200,000 $100,000 $0 North San Diego East San Diego South San Diego San Diego Metro Area San Diego 1 of 8

4 San Diego HomeDex TM Summary Report Single-Family Detached Homes The number of SFD homes sold in San Diego increased percent in from April ; year-over sold SFD units jumped percent from. North San Diego sold SFD units increased percent in from April, and increased percent year-over from. East San Diego sold SFD units jumped percent from April to, and increased percent year-over from. South San Diego SFD units increased percent from April to. San Diego Metro sold SFD units jumped percent in from April, and increased 2.75 percent year-over compared to. 2,500 Home Units Sold San Diego Single-Family Detached Homes 2,000 April 1,500 1, North San Diego East San Diego South San Diego San Diego Metro Area San Diego 2 of 8

5 San Diego HomeDex TM Summary Report Single-Family Detached Homes Housing in San Diego Single-Family Detached Homes The HomeDex TM affordability index decreased to 36 percent of San Diego households able to afford the county s median-priced SFD home in, compared to 38 percent in April. 2 The North San Diego affordability percentage decreased, from 30 percent in April to 28 percent in. The East affordability level decreased, from 51 percent in April to 47 percent in. South San Diego affordability fell to 44 percent in, from 47 percent in April. San Diego Metro affordability decreased from 33 percent in April to 30 percent in. 60% Housing Index San Diego Single-Family Detached Homes April 50% 40% 30% 20% 10% 0% North San Diego East San Diego South San Diego San Diego Metro Area San Diego 3 of 8

6 San Diego HomeDex TM Summary Report Single-Family Detached Homes Prices Percent of Households Affording -Priced Home Percent change North $555,500 $449, % 28% 35% East $367,000 $299, % 47% 50% South $395,000 $325, % 44% 50% Metro Area $528,000 $420, % 30% 38% All of San Diego $467,950 $380, % 36% 42% San Diego Housing Characteristics Single-Family Detached Homes North East Metro Area South Price $555,500 $367,000 $528,000 $395,000 Average Price $701,277 $390,614 $656,983 $413,146 Price per Square Foot $252 $232 $333 $206 Lowest-Priced Home Sold $110,000 $30,000 $117,000 $190,000 Highest-Priced Home Sold $5,700,000 $1,900,000 $8,825,000 $1,280,000 Number Units Sold 1, Total Sales $755,274,865 $163,667,152 $368,567,341 $107,831,050 Days on Market Square Feet 2,217 1,560 1,548 1,940 Number of Bedrooms Number of Baths Lot Size (square feet) 9,845 9,109 6,300 7,100 Age of Homes Sold of 8

7 San Diego HomeDex TM Summary Report Single-Family Detached Homes 2012 Price % Price Chg. from Sold Listings Days on Market Med. Days on Market % Chg. from April North San Diego Zip Codes BONSALL 34% 20% $490,000-24% % CARDIFF 8% 6% $1,110,000-7% % CARLSBAD 20% 25% $686,000 24% % CARLSBAD 13% 14% $785,000 8% % CARLSBAD 26% 27% $595,000 12% % CARLSBAD 11% 20% $910,000 43% % DEL MAR 6% 8% $1,246,500 20% % ENCINITAS 13% 12% $784,000 2% % ESCONDIDO 44% 53% $390,000 28% % ESCONDIDO 43% 49% $402,450 21% % ESCONDIDO 48% 57% $362,000 32% % FALLBROOK 38% 47% $445,000 30% % ESCONDIDO 24% 26% $625,000 14% % OCEANSIDE 40% 53% $430,000 41% % OCEANSIDE 43% 48% $400,000 19% % OCEANSIDE 41% 46% $422,988 20% % OCEANSIDE 47% - $369, PALA 23% 61% $632, % PAUMA VALLEY POWAY 22% 29% $652,500 31% % RAMONA 49% 53% $357,950 19% % RANCHO SANTA FE 3% 2% $2,094,440-11% SAN LUIS REY SAN MARCOS 43% 47% $397,500 15% % SOLANA BEACH 10% 11% $975,000 13% % SAN MARCOS 27% 31% $567,500 18% % VISTA 40% 50% $430,500 32% % VALLEY CENTER 40% 37% $429,900 1% % VISTA 48% 59% $363,000 38% % VISTA 39% 53% $437,000 45% % RANCHO SANTA FE 4% 2% $1,562,500-28% % RANCHO BERNARDO 13% 17% $815,000 18% % RANCHO BERNARDO 25% 32% $600,000 27% % RANCHO PENASQUITOS 23% 26% $640,000 16% % CARMEL VALLEY 10% 11% $998,000 19% of 8

8 San Diego HomeDex TM Summary Report Single-Family Detached Homes Price % Price Chg. from 2012 Sold Listings Days on Market Med. Days on Market % Chg. from April East San Diego Zip Codes ALPINE 38% 37% $452,750 16% % BOULEVARD CAMPO 83% 79% $148,500 1% % DESCANSO DULZURA 35% - $475, % GUATAY JACUMBA 97% 88% $50,500-50% % JAMUL 38% 39% $445,000 17% % LA MESA 37% 40% $459,500 24% % LA MESA 42% 42% $406,250 15% % LEMON GROVE 57% 58% $297,500 19% % MOUNT LAGUNA - 67% PINE VALLEY POTRERO 77% - $189, SPRING VALLEY 54% 55% $317,500 19% % SPRING VALLEY 47% 41% $371,250 3% % TECATE BORREGO SPRINGS 60% 88% $280, % % EL CAJON 41% 37% $416,250 5% % EL CAJON 45% 52% $385,000 33% % EL CAJON 50% 54% $347,000 27% % JULIAN 71% 50% $220,000-26% % LAKESIDE 46% 46% $375,000 15% % RANCHITA - 80% SANTA YSABEL SANTEE 45% 50% $381,000 27% % WARNER SPRINGS 87% 61% $125,000-46% % 6 of 8

9 San Diego HomeDex TM Summary Report Single-Family Detached Homes Price % Price Chg. from 2012 Sold Listings Days on Market Med. Days on Market % Chg. from April South San Diego Zip Codes BONITA 27% 37% $569,000 33% % CHULA VISTA 46% 48% $380,000 12% % CHULA VISTA 47% 57% $370,000 35% % CHULA VISTA 38% 43% $450,000 22% % CHULA VISTA 27% 34% $568,500 25% % CHULA VISTA 35% 45% $475,000 34% % IMPERIAL BEACH 53% 57% $326,300 19% % NATIONAL CITY 59% 73% $285,000 46% % OTAY MESA 53% 58% $326,000 20% % SAN YSIDRO 48% 55% $362,000 25% % 7 of 8

10 San Diego HomeDex TM Summary Report Single-Family Detached Homes Price % Price Chg. from 2012 Sold Listings Days on Market Med. Days on Market % Chg. from April Metro San Diego Zip Codes LA JOLLA 4% 4% $1,487,000 14% % LA JOLLA 25% SAN DIEGO DOWNTOWN 25% SAN DIEGO GOLDEN HILL 58% 59% $295,000 11% % MISSION HILLS- HILLCREST-MIDTOWN 13% 18% $807,500 20% % NORTH PARK 30% 37% $536,500 27% % EAST SAN DIEGO 61% 82% $270,000 32% % POINT LOMA 13% 20% $815,000 28% % OCEAN BEACH 13% 20% $815,000 29% % MISSION VALLEY 30% 37% $534,000 24% % PACIFIC BEACH 13% 12% $783,000 1% % OLD TOWN 27% 23% $580,000-1% % LINDA VISTA 35% 42% $482,000 27% % LOGAN HEIGHTS 82% 83% $232,250 16% % ENCANTO 58% 80% $292,500 30% % SAN DIEGO 43% 46% $405,000 15% % NORMAL HEIGHTS 34% 37% $485,500 15% % CLAIREMONT MESA 34% 40% $485,000 21% % CORONADO 5% 4% $1,386,000-12% % SAN CARLOS 37% 38% $460,000 11% % DEL CERRO 33% 35% $500,000 12% % SORRENTO VALLEY 12% 18% $870,000 29% % UNIVERSITY CITY 18% 20% $715,000 12% % MISSION VALLEY 39% 44% $441,500 22% % TIERRASANTA 26% 30% $583,931 19% % MIRA MESA 37% 46% $454,500 29% % SCRIPPS MIRAMAR 16% 18% $745,500 11% % PARADISE HILLS 58% 60% $291,500 14% % 1 The median is the middle-priced home sold; half the homes sold for more than the median, half for less. 2 HomeDex TM affordability percentages assume homeowners place 20 percent down and spend no more than a third of their income on housing (i.e., percent of San Diego households that can afford the median-priced SFD home, assuming homeowners place 20 percent down and spend no more than a third of their income on housing at the prevailing monthly interest rates.) Percentages are rounded. 8 of 8

11 San Diego HomeDex TM Summary Report Single-Family Attached Homes Single-Family Attached Home Prices by Region of San Diego The median-priced single-family attached (SFA) home in San Diego increased 5.17 percent, to $305,000 in from $290,000 in April, and increased percent year-over from. 1 The North San Diego monthly median SFA home price decreased 4.55 percent, from $330,000 in April to $315,000 in, but increased percent year-over compared to. The SFA median price in East San Diego increased 6.67 percent, from $165,000 in April to $176,000 in, and increased percent year-over compared to South median SFA price increased percent, from $215,900 in April to $249,000 in, and increased percent year-over compared to. The San Diego Metro SFA median price increased 9.38 percent, from $320,000 in April to $350,000 in, and increased percent year-over from. $350,000 Home Prices Single-Family Attached Homess April $300,000 $250,000 $200,000 $150,000 $100,000 $50,000 $0 North San Diego East San Diego South San Diego San Diego Metro Area San Diego 1 of 8

12 San Diego HomeDex TM Summary Report Single-Family Attached Homes The number of SFA homes sold countywide increased percent in from April, and decreased 4.8 percent year-over from. The number of North San Diego sold SFA units increased 5.08 percent from April to, and increased 1.22 percent year-over from East San Diego SFA sold units increased 6.17 percent from April to, but decreased percent year-over from. South San Diego sold SFA units increased percent in from April, and decreased percent year-over from. San Diego Metro SFA sold units increased percent from April to, and increased 18.8 percent year-over from. San Diego Single-Family Attached Homes Sold 1,000 April North San Diego East San Diego South San Diego San Diego Metro Area San Diego 2 of 8

13 San Diego HomeDex TM Summary Report Single-Family Attached Homes Housing in San Diego Single-Family Attached Homes The percent of San Diego households able to afford the median-priced SFA home in the county fell from 58 percent in April, to 56 percent in, according to the HomeDex TM affordability index. 2 North San Diego affordability increased, to 55 percent in from 53 percent in April. East San Diego affordability decreased, from 81 percent in April, to 79 percent in. South SFA affordability decreased, from 72 percent in April to 65 percent in. The San Diego Metro area affordability declined from 54 percent in April to 50 percent in. 90% 80% 70% 60% 50% 40% 30% 20% 10% Housing Index Single-Family Attached Homes April 0% North San Diego East San Diego South San Diego San Diego Metro Area San Diego 3 of 8

14 San Diego HomeDex TM Summary Report Single-Family Attached Homes Prices Percent of Households Affording -Priced Home Percent change North $315,000 $254, % 55% 60% East $176,000 $135, % 79% 83% South $249,000 $170, % 65% 78% Metro Area $350,000 $265, % 50% 59% All of San Diego $305,000 $230, % 56% 79% San Diego Housing Characteristics Single-Family Attached Homes North East Metro Area South Price $315,000 $176,000 $350,000 $249,000 Average Price $345,151 $188,862 $436,434 $240,290 Price per Square Foot $255 $162 $331 $180 Lowest-Priced Home Sold $62,000 $47,000 $67,000 $65,000 Highest-Priced Home Sold $1,175,000 $441,500 $3,400,000 $500,000 Number Units Sold Total Sales $114,245,001 $16,242,101 $200,323,124 $20,424,616 Days on Market Square Feet 1,258 1,018 1,041 1,334 Number of Bedrooms Number of Baths Age of Homes Sold (yrs.) of 8

15 San Diego HomeDex TM Summary Report Single-Family Attached Homes 2012 Price % Price Chg. from Sold Listings Days on Market Med. Days on Market % Chg. from April North San Diego Zip Codes BONSALL 87% 78% $125,000-26% % CARDIFF 33% 43% $499,000 34% % CARLSBAD 13% 35% $780,000 75% % CARLSBAD 50% 53% $350,000 15% % CARLSBAD 58% 55% $290,000 1% % CARLSBAD 34% 44% $487,124 33% % DEL MAR 33% 18% $495,000-27% % ENCINITAS 32% 52% $510,000 65% % ESCONDIDO 75% 93% $200, % % ESCONDIDO 71% 80% $218,700 41% % ESCONDIDO 88% 87% $119,575 3% % FALLBROOK 82% 85% $155,000 27% % ESCONDIDO 56% 79% $310,000 94% 1 7 8% OCEANSIDE 46% 54% $375,000 27% % OCEANSIDE 66% 75% $245,000 32% % OCEANSIDE 74% 81% $203,150 35% % OCEANSIDE 70% 82% $222, PALA 60% - $275, PAUMA VALLEY POWAY 46% 58% $377,938 38% % RAMONA 80% - $173, % RANCHO SANTA FE - 12% SAN LUIS REY SAN MARCOS 70% 78% $225,500 33% % SOLANA BEACH 22% 24% $652,500 13% % SAN MARCOS 53% 63% $325,000 34% % VISTA 53% 55% $331,375 14% % VALLEY CENTER VISTA 68% 84% $232,250 79% VISTA 82% 82% $156,500 10% RANCHO SANTA FE 23% 19% $630,000-3% % RANCHO BERNARDO 51% 57% $341,000 24% % RANCHO BERNARDO 55% 66% $311,000 37% % RANCHO PENASQUITOS 63% 64% $261,000 9% % CARMEL VALLEY 44% 35% $394,500-11% % 5 of 8

16 San Diego HomeDex TM Summary Report Single-Family Attached Homes Price % Price Chg. from Sold Listings Days on Market Med. Days on Market % Chg. from April North San Diego Zip Codes ALPINE 79% - $175, % BOULEVARD CAMPO DESCANSO DULZURA GUATAY JACUMBA JAMUL LA MESA 80% 81% $171,500 17% % LA MESA 71% 79% $219,000 36% % LEMON GROVE 85% 89% $140,000 39% % MOUNT LAGUNA PINE VALLEY POTRERO SPRING VALLEY 86% 82% $134,000-6% % SPRING VALLEY 74% - $205, TECATE BORREGO SPRINGS 94% 89% $74,050-26% % EL CAJON 78% 77% $185,150 7% % EL CAJON 85% 87% $141,000 25% % EL CAJON 86% 87% $134,250 22% % JULIAN LAKESIDE 87% 92% $125,750 48% % RANCHITA SANTA YSABEL SANTEE 67% 76% $240,000 33% % WARNER SPRINGS of 8

17 San Diego HomeDex TM Summary Report Single-Family Attached Homes Price % Price Chg. from Sold Listings Days on Market Med. Days on Market % Chg. from April South San Diego Zip Codes BONITA 50% - $307, % CHULA VISTA 64% 80% $255,000 67% % CHULA VISTA 79% 83% $175,000 27% % CHULA VISTA 71% 76% $219,000 21% % CHULA VISTA 63% 64% $257,000 8% % CHULA VISTA 58% 67% $295,000 33% % IMPERIAL BEACH 69% 86% $227,500 88% NATIONAL CITY 64% 86% $255, % % OTAY MESA 67% 81% $237,500 58% % SAN YSIDRO 92% 88% $94,500-13% % 7 of 8

18 San Diego HomeDex TM Summary Report Single-Family Attached Homes Price % Price Chg. from Sold Listings Days on Market Med. Days on Market % Chg. from April San Diego Metro Zip Codes LA JOLLA 23% 32% $642,000 35% % LA JOLLA 33% 36% SAN DIEGO DOWNTOWN 33% 36% $500,000 15% % SAN DIEGO GOLDEN HILL 91% 89% $150,000 0% % MISSION HILLS- HILLCREST-MIDTOWN 43% 50% $402,000 24% % NORTH PARK 62% 82% $265,000 29% % EAST SAN DIEGO 92% 99% $146,250 78% % POINT LOMA 37% 43% $463,500 25% % OCEAN BEACH 43% 56% $400,000 40% % MISSION VALLEY 83% 85% $219,500 19% % PACIFIC BEACH 31% 57% $515,000 84% % OLD TOWN 86% 53% $193,000-37% % LINDA VISTA 60% 53% $280,000-7% % LOGAN HEIGHTS 90% 95% $159,250 42% % ENCANTO - 88% SAN DIEGO 89% 93% $170,000 39% % NORMAL HEIGHTS 80% 88% $247,764 52% % CLAIREMONT MESA 80% 85% $245,000 36% % CORONADO 14% 9% $777,500-18% % SAN CARLOS 83% 85% $216,575 19% % DEL CERRO 80% 84% $245,000 29% % SORRENTO VALLEY 47% 39% $370,000-9% UNIVERSITY CITY 57% 60% $302,000 17% % MISSION VALLEY 62% 57% $265,000-5% % TIERRASANTA 50% 60% $350,000 36% % MIRA MESA 78% 84% $260,000 37% % SCRIPPS MIRAMAR 45% 59% $382,875 46% % PARADISE HILLS 92% 93% $145,000 21% % 1 is the middle-priced home sold: Half the homes sold for more than the median, half sold for less. 2 HomeDex TM assumes homeowners place 20 percent down and spend no more than a third of their income on housing for the median-priced home (i.e., percent of San Diego households that can afford the median-priced SFD home, assuming homeowners place 20 percent down and spend no more than a third of their income on housing at prevailing monthly interest rates.) percentages are rounded. 8 of 8

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