San Diego Real Estate Surges: Home Prices Hit $1M as California Market

San Diego’s real estate market led the nation with the fastest rising home prices for six months until May, when it was surpassed by New York, according to the S&P CoreLogic Case Shiller Indices report.

Historically, Southern California, including San Diego, was one of the more affordable major cities in the state, but this has changed rapidly. By May, San Diego County’s median single-family home prices had surpassed $1 million.

In addition, Los Angeles saw a significant increase in home prices, making it the fourth-fastest-rising market nationwide. San Francisco, however, experienced slower price growth compared to cities like Chicago, Boston, and Seattle, ranking 15th on the list. Despite higher mortgage rates, home prices rose in every city featured in the report.

Statewide, California’s median home prices have been climbing steadily, reaching over $900,000 for the first time in April, as reported by the California Association of Realtors (CAR). Redfin data also highlighted double-digit year-over-year price growth in smaller cities such as Tustin, Coachella, and Chowchilla.

Ken & Ari Walker

Husband & Wife Team
Phone: 707‑708‑0797 / Office: 1400 N. Dutton Ave #22 Santa Rosa, CA 95401
Ken: CA DRE Broker #01858042 / NMLS #1221130
Ari: CA DRE #01858152 / NMLS #2170867

Ken & Ari are a husband & wife team with combined 3+ decades in real estate and private money industries. They own Pacific Direct Mortgage & Real Estate, specializing in Private Money loans (also known as Hard Money home loans). Having helped thousands of Borrowers & working directly with Brokers, Agents and Lenders to help when needed with fast, flexible, alternative financing for real estate purchases and refinances throughout California. No issues with DTI ratios, credit issues, property condition, difficult to prove income ‑ we want to help!