SAN DIEGO (CNS) - Home sales in San Diego County jumped by 21.5 percent in May, compared to the same month a year ago, while prices rose by 3.2 percent, a real estate information service announced Wednesday.
A total of 3,750 homes changed hands locally last month, compared to 3,087 in May 2011, according to San Diego-based DataQuick. The median price of a home in San Diego County in May was $335,000, up from $324,000 in May 2011.
A total of 22,192 new and resale houses and condos sold in Los Angeles, Riverside, San Diego, Ventura, San Bernardino and Orange counties in May, according to DataQuick. That was up 15.1 percent from 19,284 in April, and up 20.6 percent from 18,394 in May 2011.
The median price for a Southern California home was $295,000 last month, up 1.7 percent from $290,000 in April and up 5.4 percent from $280,000 in May 2011.
"The market is being slowly nursed back to health by low-interest rates, a modestly improved economy and, we suspect, a widening sense that the housing sector is at or near bottom," said John Walsh, DataQuick president. "There's still plenty of uncertainty swirling around out there. But it looks like more move-up buyers are concluding it makes sense in the long run to sell their homes now, even when it's hard to swallow the price."
The San Diego County Vector Control Program reminded residents on Friday to protect themselves from the potentially deadly hantavirus after five mice around the county tested positive for it.
County offices including libraries and animal shelters will close Monday, Jan. 21 for the federal holiday in observance of civil rights leader Martin Luther King Jr.
The greatest shows on dirt will make its annual visits to America’s Finest City Saturday, Jan 19, with Monster Jam at Petco Park, home of the San Diego Padres.
The 34th Annual Dr. Martin Luther King Jr. Human Dignity Award Breakfast, hosted by the Jackie Robinson Family YMCA gets underway Friday in Mission Valley.
Gov. Gavin Newsom says California will offer unemployment benefits to federal employees working without pay during the government shutdown despite guidance saying it's not allowed.
A family of three was displaced by a blaze that damaged the guest bedroom of their Oceanside home, officials said Friday.
A pedestrian was struck and killed by a vehicle while walking on a Spring Valley street near Monte Vista High School, authorities said Friday.
A 26-year-old woman suffered a serious eye injury Thursday in a scooter accident in the Mission Beach area of San Diego.