San Diego Business Journal

December Median Home Price in County Was $478,500

By Mike Allen Originally published January 8, 2014 at 3:04 p.m., updated January 9, 2014 at 10:01 a.m.

The median price for a single family house in San Diego County increased to $478,500 in December, up nearly 14 percent from the same month in 2012, and up 2 percent from November, says the Greater San Diego Association of Realtors in its latest report.

The median price for condos and townhomes in the county was $300,000 in December, an increase of 19 percent from the same month in the prior year, but down slightly from November, SDAR said.

The number of sales of single family houses declined slightly last month from November, but the sales of condos increased 6 percent over the same period. For the full year, single family house sales fell 21 percent last month compared with December 2012. Sales of condos showed a 10 percent decline over the full year.

The areas with the most sales of single family houses last month were in Fallbrook, 53; Oceanside, 42; and Rancho Bernardo, 41.

The most expensive property sold last month was a five-bedroom, five-bath, 8,500 square foot house in La Jolla for $16.25 million.