Need more evidence that we’re in a hot real estate market? Not only did all 20 cities tracked by the S&P CoreLogic Case-Shiller Indices report year-over-year gains in home prices, but new data shows Phoenix, Seattle and San Diego had the highest gains with some pretty impressive stats.
Phoenix led the way with a 15.8 percent year-over-year price increase, followed by Seattle with a 14.3 percent increase and San Diego with a 14.2 percent increase. The San Diego Union-Tribune notes that the last time San Diego County home prices were up so much was May 2014 as the market came out of the Great Recession.
The median sale price for a resale single-family home in San Diego County was $710,000 during the time period studied, according to CoreLogic data provided by DQNews.
Other California markets on the big 20 list includes Los Angeles, which saw a 10.8 percent year-over-year growth, followed by San Francisco with 9.5 percent growth.
National prices increased an average 11.2 percent, which was its fastest appreciation since 2006.