July 18, 2024

San Diego Home Prices

This San Diego California home pricesmorning’s release of the S&P/Case-Shiller Home Price Indices for April confirmed the huge snapback in San Diego home prices. residential real estate prices increased almost 15% when compared to April 2012, and approximately 4% when compared to March 2013.

“The 10- and 20-City Composites posted their highest monthly gains in the history of S&P/Case-Shiller Home Price Indices,” says David M. Blitzer, Chairman of the Index Committee at S&P Dow Jones Indices.

All 20 cities and both Composites showed positive year-over-year returns for at least the fourth consecutive month. Atlanta, Dallas, Detroit and Minneapolis posted their highest annual gains since the start of their respective indices.
On a monthly basis, all cities with the exception of Detroit posted positive change.
Here in California the Case-Shiller report showed large gains ranging from 3.4% to 4.9%. Los Angeles, San Diego and San Francisco posted their highest gains since 2004, 1988 and 1987, respectively!