Skip to main content

LATEST UPDATES: Tracking COVID-19 | Vaccines | Racial Justice

What’s Ahead For San Diego Housing Prices In 2016

Latest Case-Shiller housing report shows home prices were up this year

We're sorry. This audio clip is no longer available. A transcript has been made available.

San Diego home prices slipped slighting in the fall, but they're still up from last year.

Home prices in San Diego dipped 0.3 percent in October from the month before, and rose 6.2 percent over October 2014, according to the Standard & Poor's Case-Shiller Home Price Index released Tuesday.

Case-Shiller created its indices by taking home prices in 20 large cities in January 2000, assigning them a value of 100, and tracking their subsequent rise and fall.

San Diego's index stood at 215.75 in October — meaning that home values more than doubled over almost 16 years. The increase is the third fastest in the U.S., behind Los Angeles and San Francisco.

The composite 20-city index was at 182.83 in October, up 0.1 percent for the month and 5.5 percent higher since October 2014.

"Generally good economic conditions continue to support gains in home prices," said David Blitzer, managing director and chairman of the Index Committee at S&P Dow Jones Indices.

"Among the positive factors are consumers' expectations of low inflation and further economic growth, as well as recent increases in residential construction, including single-family housing starts," Blitzer said.

He said the recent hike in the federal funds rate by the Federal Reserve probably won't lead to "runaway mortgage interest rates" for those contemplating buying a home.

Despite Blitzer's optimism, a recent survey by the real estate website Zillow shows a handful of experts believe San Diego's housing market is experiencing a bubble.

S&P/Case-Shiller San Diego Home Price Index

This graph shows the S&P/Case-Shiller San Diego Home Price Index from January 2005 to October 2015. The index measures the average change in value of residential real estate in San Diego given a constant level of quality. Created by Brooke Ruth/KPBS.


San Diego News Now podcast branding

San Diego news; when you want it, where you want it. Get local stories on politics, education, health, environment, the border and more. New episodes are ready weekday mornings. Hosted by Anica Colbert and produced by KPBS, San Diego and the Imperial County's NPR and PBS station.

  • Need help keeping up with the news that matters most? Get the day's top news — ranging from local to international — straight to your inbox each weekday morning.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Midday Edition banner

KPBS Midday Edition is a daily radio news magazine keeping San Diego in the know on everything from politics to the arts.

Want more KPBS news?
Find us on Twitter and Facebook, or sign up for our newsletters.

To view PDF documents, Download Acrobat Reader.