Prices rose 6.2% during the quarter -- the largest increase among California's major cities and the second-highest since First Republic Bank started keeping statistics in 1985. The average cost of San Diego County luxury homes is now $1.39 million, according to the bank.
The value of luxury homes in Los Angeles County increased 2.4% to $1.31 million. The value of similar homes in San Francisco -- home to the nation's most affluent housing -- fell 7.5% to $2.21 million.
Values of luxury homes in San Diego County have grown more than 21% over the last four quarter, according to First Republic index.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
