Looking For A Home In San Diego? It Will Cost You

The median home price in the seventh largest city in the U.S. reached $500,000 last month.

1 minute read

June 18, 2004, 9:00 AM PDT

By Christian Madera @http://www.twitter.com/cpmadera

"Fueled by fears of rising interest rates, a growing job market and a persistent lack of supply, the overall median price of San Diego County homes rose 21 percent from May 2003 to a new record last month of $454,000, according to figures released yesterday by DataQuick Information Systems." The median home price for existing homes surpassed $500,000. While some real estate professionals believe rising interest rates will help to soften the market, many home buyers have forsaken their dreams of home ownership.

Thanks to Christian Peralta

FULL STORY: $500,000 – For Many, House Hunt Becomes Scary, Demoralizing

Wednesday, June 16, 2004 in The San Diego Union-Tribune

Housing California

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