Del Mar saw the biggest spike in San Diego County in CoreLogic’s report comparing February’s year-over-year numbers.
And closer to home? Well, the data appears to show the rich got richer, for sure, especially in chichi Del Mar. Not that they need the money, but SFR residents there enjoyed a nearly improbable increase of 99.7%. Based on 13 sales in February, the median home price there was $3,895,000. Condos, too, soared where the surf meets the turf, up 97.6%, to $1,452,000.
"High interest rates mean that it becomes more expensive to service a mortgage," a UC San Diego professor told NBC 7's Kelvin Henry. Sleepy Solana Beach, meanwhile, lived up to its reputation, with median SFR prices remaining even, year-over-year. That's right, 0.0%, despite the sales of eight houses. They'll just have to make do when they get back to their $2,525,000 homes after a night Belly-ing Up to Bruce the shark. Condo dwellers did a little better, eyeing an increase of 18.9%, to $1,303,000 .SFRs up 25.3%, to $1,003,00 , BUT condos up 72.6%, to $635,000 SFRs up 82.3%, to $1,062,000 .
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