ENCINITAS, California -- The rapid rise in housing cost is beginning to cool in San Diego County, at least for now according to Broker Chaco. Over the last year, home values rose 6%, down from more than 8% a year ago. The data anlayzed by Broker Chaco also found that home values are also rising slower than average.
The trend may be welcome news for renters. Over the last year, rent rose only one percent to an average of $2,540. At this time last year, rents were rising at a dizzying 3.5 percent annually. Even though price increases are slowing, the median home value in San Diego is still $584,100 and the average sale price in Pacific Serena is $711,045 in 2018. Please read that again folks, the average sale price in Pacific Serena is $711,045 as of the end of the 3rd quarter 2018.
The trend may be welcome news for renters. Over the last year, rent rose only one percent to an average of $2,540. At this time last year, rents were rising at a dizzying 3.5 percent annually. Even though price increases are slowing, the median home value in San Diego is still $584,100 and the average sale price in Pacific Serena is $711,045 in 2018. Please read that again folks, the average sale price in Pacific Serena is $711,045 as of the end of the 3rd quarter 2018.
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