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The price of San Diego area homes was $204.02 per square foot in September, topping Las Vegas ($66.15) and Phoenix ($74.28) where the bubble popped, and Detroit (64.33) and Cleveland ($65.35) which are in long-term depressions, according to Radar Logic. But SD prices per square foot were lower than those in San Jose ($323.00) and San Francisco ($255.01). Local prices dropped 3.3% from a year ago, better than the average 4.4% drop of the top 25 metro markets. Transactions rose just 6.6% over the year, and that is below the composite 15.4% rise of the 25 largest markets.
The price of San Diego area homes was $204.02 per square foot in September, topping Las Vegas ($66.15) and Phoenix ($74.28) where the bubble popped, and Detroit (64.33) and Cleveland ($65.35) which are in long-term depressions, according to Radar Logic. But SD prices per square foot were lower than those in San Jose ($323.00) and San Francisco ($255.01). Local prices dropped 3.3% from a year ago, better than the average 4.4% drop of the top 25 metro markets. Transactions rose just 6.6% over the year, and that is below the composite 15.4% rise of the 25 largest markets.