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In August, San Diego County home prices were up 23.7% from a year earlier -- one of the biggest gains in the country, according to Zillow.com. Of the top 30 metro areas, only 5 did better. Sacramento values rose 34.1% over the year, and Las Vegas values 30.6%

But Sacramento's median home value is $279,600 and Las Vegas's is $156,600. San Diego's is $436,000. San Jose's is $734,500, San Francisco's $633,700, and Los Angeles's $483,200.

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Comments

JustWondering Sept. 23, 2013 @ 7:38 p.m.

I've used the Zillow app and all I can say is the prices represented as home values on their maps are very optimistic. Or should I say unrealistic. However, the prices shown as recent sales are accurate. While my home has a listed value of $1.2 million, a nearby home with similar stats sold for a little more than half of my estimated value. I don't put much faith in the Zillow values except for reported sales. With the recent upward trending mortgage rates I expect both sales to slow and prices to come down a bit.

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Don Bauder Sept. 23, 2013 @ 9:01 p.m.

JustWondering: Most economists expect the big runup in housing prices to slow down as long term interest rates, including mortgages, rise. Cash buying may slow down, too. Best, Don Bauder

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Don Bauder Sept. 24, 2013 @ 6:46 a.m.

SD HOME VALUES STILL DOWN 25%. Standard & Poor's/Case-Shiller home data, released this morning (Sept. 24), shows San Diego home values still down 25% from their peak in late 2005. Local values rose 2% from June to July and 20.4% from July of last year. Best, Don Bauder

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