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SD price index

http://journal.firsttuesday.us/california-tiered-home-pricing-2/1592/

The San Diego lower-end market has been red hot this year!

No big surprise – when mortgage rates are in the 3s, houses priced under $500,000 have monthly payments that are similar to their rents.

But the high-end market is holding up well too, suggesting that buyers will find a way to pay more for the better-quality areas.  Last year got a little sluggish, but as rates dipped back into the 3s, the buyers kept coming:

 NSDCC Detached-Home Sales

Year
# of Sales, Jan-Oct
Median Sales Price
2012
2,619
$825,000
2013
2,820
$946,944
2014
2,427
$1,022,000
2015
2,572
$1,090,000

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