If you own a home in western Escondido, you enjoyed a 37 percent increase in last year’s median home price, the most of any major neighborhood in the county, according to MDA DataQuick. On the other hand, a homeowner in San Ysidro endured a 32 percent decline, the worst drop of any area. Across the county, median prices in 40 ZIP codes were up, 41 were down and four were unchanged. In other words, it looks like half of the county saw a housing recovery in the past year. Overall, prices in the fourth quarter of 2009 rose year over year by $15,000 or nearly 5 percent to $325,000, indicating a firming of the market. Although housing experts said the starter-home market at $350,000 has stabilized and appears to be rising as distressed properties leave the market, homes above $800,000 are still falling because of job losses and higher-cost mortgages. To read the rest of the Union Tribune article and see all the ‘ups and downs’ click here. View homes for sale or learn more about Coronado Real Estate.
