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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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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.


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


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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