Monday, February 18 2013 9:40 PM EST2013-02-19 02:40:00 GMT
San Diego's real estate market is heating up again, especially for homes priced at more than $1 million.
San Diego's real estate market is heating up again, especially for homes priced at more than $1 million.
SAN DIEGO (CNS) - The price of a luxury home in San Diego declined by 1.4 percent in 2012 despite gains in the San Francisco Bay Area and Los Angeles, according to a survey released Tuesday by First Republic Bank.
The median price of a luxury home in San Diego was $1.64 million, according to First Republic's Prestige Home Index. The bank cited comments by real estate agents who said the holidays caused a slowdown in the San Diego market, but that interest has picked up early this year.
By comparison, the report said the cost of extravagant homes in San Francisco rose 8.4 percent to $2.73 million, with a jump of 4.4 percent in Los Angeles to $2.06 million.
"Growing demand from buyers, low mortgage rates and a lack of inventory continued to put upward pressure on values," said Katherine August-deWilde, the bank's president and CEO. "Multiple offers are common in many high-end neighborhoods as buyers compete for a small number of attractive properties."
The big increases in San Francisco and Los Angeles were mostly the result of low inventory, according to the report.
Monday, May 20 2013 7:07 PM EDT2013-05-20 23:07:38 GMT
Emergency crews came to the rescue of two window washers who got trapped several hundred feet above street level Monday outside a downtown high-rise due to a malfunction on their mechanized work platform.
Emergency crews came to the rescue of two window washers who got trapped several hundred feet above street level Monday outside a downtown high-rise due to a malfunction on their mechanized work platform.
Monday, May 20 2013 2:47 PM EDT2013-05-20 18:47:57 GMT
Two caregivers convicted of abusing a 23-year-old severely autistic Valley Center man under their care were each sentenced Monday to one year in jail, but will not have to spend any
Two caregivers convicted of abusing a 23-year-old severely autistic Valley Center man under their care were each sentenced Monday to one year in jail, but will not have to spend any more time behind bars due to credit for time already served.
Monday, May 20 2013 1:49 PM EDT2013-05-20 17:49:33 GMT
An investigation was underway Monday in San Diego's East Village, where a man in his 40s said he was stabbed and punched by a stranger near a trolley stop.
An investigation was underway Monday in San Diego's East Village, where a man in his 40s said he was stabbed and punched by a stranger near a trolley stop.
