In July the median price for single-family detached homes in Santee was the highest in East County, at $339,000, according to the San Diego Association of Realtors (SDAR) and a recent San Diego Daily Transcript (SDDT) article that analyzed the state of the East County real estate market.
It increased from 4.3 percent since last year and 5.9 percent since June. The average number of days on the market was stable compared to last year, but homes are selling more quickly by about 26 percent compared to June 2012. Less homes are being sold than last year, a decrease of 16.3 percent, according to SDAR.
The SDDT quoted Alan Nevin, principal at The London Group, throughout the article. He said East County is commonly the slowest area of San Diego to recover in the real estate market, and singled out Santee:
"Santee is a 'solid, middle-class community,' and 'sales have been fairly constant,' Nevin said."
Lakeside homes are staying on the market longer and longer, with average days on the market up 72 percent year over year, and a whopping 109 percent from June to July.