Hat tip to Eliana for sending this in!
Back in July 1978 the average home price in San Diego was $73,000. That may sound inexpensive but that was still $22,000 higher than the national average at the time! La Jolla was much higher and you couldn’t find much for under $150,000. Scripps Ranch average was between $90,000-$100,000, Mira Mesa ranged between $55,000-$100,000, and the newer community of Rancho Penasquitos average was $75,000. Chula Vista had some good buys and Imperial Beach averaged about the same as the city of San Diego. In this three part series, Dave Cohen interviews century 21 realtor Jay Meetze on the housing market in the summer of ’78.
I’ll take a Baker’s Dozen.
Stay classy San Diego!
Average $75,000 for average size 1200-1400 SF and 10% interest rates.
Accounting for size and rate guessing that would put it at about $150,000 in 1978 dollars (nearly 2,000 sf is average now? and 4%). Accounting for inflation, seems they were more overvalued then. Home prices in one of hottest RE markets in US went up 3% year. Or the rate of inflation.
Agree. We are giving them away now! 🙂
Century 21 we’re national but neighborly. #branding Do they still wear gold jackets?!
1975-76: Annual tuition and fees for resident UC undergraduates total $630.
2018: $14,409 in tuition and student fees for in-state residents
Just for comparison.
“Go Sell yourself, San Diego”……Ron Burgundy