SAN DIEGO (CNS) - Home prices were up in San Diego County compared to a year ago, but sales were down, the San Diego Association of Realtors reported Friday.
In November, 2,100 homes exchanged hands in the county, compared to 2,300 in October, down about 8.7 percent, according to SDAR.
Compared to November 2009, sales of single-family homes plummeted 13 percent, and attached homes like duplexes and condominiums plunged 16.9 percent.
"We are hopeful that the early part of 2011 will post better numbers," said SDAR President Mark Marquez. "(Loan) rates remain low and San Diego has about six months of available inventory; both are a plus for buyers.
"We are closely watching the proposals with regards to the mortgage interest deduction, which is an important incentive for home ownership. Just the idea of limiting or eliminating that deduction could keep many buyers on the fence and delay the housing recovery even further."
Houses are remaining on the market longer - 80 days for detached homes, a 19 percent increase over last year, and 99 days, or 39 percent longer, for attached homes.
The median sale price for houses in November were $389,900, up 1.4 percent over October and nearly 4 percent higher than in November 2009.
For 2010 sales from January through November, the median price was 9.4 percent higher than over the same period in 2009.
The SDAR report also included sales by zip code. Among the major drops:
The only place where a significant increase in sales was found, compared to November of last year, was in College Grove, where 38 homes sold instead of 22.
The California Highway Patrol has issued a Sig Alert for the transition between eastbound State Route 78 and southbound Interstate 15 due to a traffic accident involving a semi-truck. Check back for details on this developing story.
He's shopped for produce, fish, pasta and beef. On Monday, News 8's Shawn Styles shared the latest of his shopping secrets.
The motorcyclist killed in a collision with a tanker truck near Naval Base San Diego in Barrio Logan was a 37-year-old father of six who worked in the area, according to a message on the crowd funding site GoFundMe.
Fellas, put on your black tie, ladies, slip on that lavish gown, and pickup a cuddly teddy bear for the annual Teddy Ball holiday party.
A crucial vote is expected Tuesday on a new community center in Poway, and some senior citizens are worried that if the size of the project is scaled back, they will see their services cut.
You may recognize her from "Fantastic Beasts and Where to Find Them" and as Bria on “The Girlfriend Experience,“ and this Thanksgiving you can see Carmen Ejogo starring opposite Denzel Washington in “Roman J. Israel, ESQ."
A pedestrian was struck and killed early Tuesday morning on State Route 94 in the Golden Hill area in a hit-and-run crash that was slowing the morning commute toward downtown San Diego several hours later, the California Highway Patrol said.
The holiday shopping season is fast approaching and that means porch pirates will be on the prowl looking for packages to swipe.
The long holiday getaway is starting and people traveling by car could feel an extra pinch from the recent gas tax.