SAN DIEGO (AP) — A research firm says Southern California home prices reached a 70-month high in December as buyers competed for scant inventories.
DataQuick said Tuesday that the median price for new and existing houses and condominiums reached $395,000 in the six-county region, up 22 percent from a year earlier. It is the highest median since February 2008 and the 21st straight month of annual gains.
Sales dropped 9 percent from a year earlier to slightly more than 18,400 homes. It was the lowest December sales tally in six years.
DataQuick says investors are showing less interest, contributing to the drop in sales.
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San Diego Fire Department is responding to a report of live wires on a building and in the road at Roselle Street and Tansy Street in Sorrento Valley.
An Escondido man who killed a friend after challenging the victim to a fight, then posted sounds of the victim crying during the attack on a social media site, was convicted Tuesday of first-degree murder.
A family of four escaped their burning home Wednesday morning in San Diego's Pacific Highlands Ranch neighborhood near Carmel Valley, but their garage and two vehicles were destroyed by the fire and smoke damaged much of the home, causing a loss of about a quarter-million dollars, authorities said.
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