The Law Office of Michael E. Ripley

Exceeding Expectations

San Diego Union-Tribune talks SD housing prices

According to the San Diego Union-Tribune (February 14, 2013), San Diego County home prices took their "usual winter break", and slipped 4.4% from December 2012 to January 2013.  The median price at the end of January is $350,000.  Also, the number of sales dropped dramatically, by 28% from December to January.  For the previous year, however, the article indicates that prices were up 20% in calendar year 2012.  Finally, absentee buyers - that is, those buying vacation homes or as an investment - represented a record 31% of all homes sold.