Home prices continue to rise, realtor group reports

Thursday, Aug. 8—The median price of single-family homes sold in July in the San Diego area was $485,000, up 22.8 percent from the same month last year, the San Diego Association of Realtors reported today.

The price was up nearly 1 percent from June, according to SDAR.

In July, sales totaled 2,253 houses, 9.3 percent higher than the same month in 2012 and up 5 percent compared to June’s sales.

The median price of a single-family home over the first seven months of 2013 was $447,000, up 20.8 percent higher from the same time period in 2012.

The 14,912 houses sold between January and July is 5.6 up compared to same period in 2012.

For attached homes, the median sales price in July was $320,000, which is 36.2 percent higher than July 2012 and up 6.3 percent compared to June, according to SDAR.

Condominiums or townhomes sales totaled 1,088 in July, up 23.5 percent over same month in 2012 and up 8.5 percent since June, SDAR said.

The median sale price of an attached home January through July was $288,000, up 32.7 percent from the same period in 2012. Condos and townhouses sold during the same period totaled 6,820, up 7.6 percent compared to last year.