Calif. median home price – October 06: $548,680 (Source: C.A.R.) Calif. highest median home price by C.A.R. region October 06: Santa Barbara So. Coast $1,115,000 (Source: C.A.R.) Calif. lowest median home price by C.A.R. region October 06: High Desert $328,650 (Source: C.A.R.) Calif. First-time Buyer Affordability Index – Third Quarter 06: 24 percent (Source: C.A.R.) Mortgage rates – week ending 11/30: 30-yr. fixed: 6.14%; Fees/points: 0.4% 15-yr. fixed: 5.87%; Fees/points: 0.4% 1-yr. adjustable: 5.46%; Fees/points: 0.7% (Source: Freddie Mac) San Diego downtown condos
[tags] housing, housing market, San Diego real estate, real estate bubble, California real estate, San Diego home values[/tags]
Very interesting to see these home values.
silver nuggets
There was so much speculation in the San Diego real estate market, what we’re seeing now seemed inevitable.
Ellen
San Diego California Medical Studies
The extraordinarily high prices for San Diego real estate really make the investment potential very risky when the average rent doesn’t come anywhere near the carrying charges an owner has to pay.
Kristina
San Diego California Breast Augmentation