SAN DIEGO NEWSLETTER 3rd Quarter 2014
The San Diego market remains strong in Q3 2014. Coastal prices for lots and homes are at or near record highs. All indications are for continued strength for the foreseeable future based on strengthening job growth and low-interest rates.
New Home Trends
San Diego County currently has 57 actively selling communities with a majority (33%) of the units being offered as attached product. Of the 21 builders in the San Diego market, Standard Pacific and Shea Homes each have 9 actively selling communities making them the most active builders. Sales per month are averaging 2.74 per development. The average price per square foot is $285. Average square feet is 2,810.
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Source: David Landes, Marketing Consultant, (858) 568-7428 ext.11 and Devin Jenkins, Marketing Consultant, (858) 568-7428 ext.13