Home Prices Up in Santee, Number of February Sales Same as Last Year

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Though the number of home sales in Santee in February stayed the same as last year, the median price of each home had risen $79,000 in that same year, according to recently released data from the San Diego Association of Realtors. 

27 detached homes were sold in Santee in February 2013, the same number as were sold last February. But the median price jumped from $290,000 last year to $369,000 in February 2013. That's $23,000 higher than the median sales price in January.

That jump in median sales price was emulated countywide, San Diego County soared last month compared with February 2012. The median price of a detached home in San Diego County last month was $410,000. One year earlier, it was $360,000, according to the SDAR data.

Also last month, 1,508 houses sold, compared witho 1,504 in the same month last year. The February 2013 total was about 50 sales below the mark of the previous month.

The SDAR said the median price of the 762 condominiums or townhomes that sold in February was $250,000. That compares with 749 sales of attached homes with a median price of $198,500 in the same period of 2012.

Listings also moved about three weeks faster than last year, with an average time on the market of 70 days for houses sold in February and 74 days for attached homes, according to the data.

-City News Service contributed to this post

Read more about local real estate:

• Santee Home Sales the Highest in San Diego County in January