First American Title issues San Diego County housing market survey


September 16, 1985, SANTA ANA, CALIFORNIA

Detailed information showing new housing sales activity of single family, condominium and planned unit developments in San Diego County can be found in a recent report issued by First American Title Insurance Company, San Diego. The objective of this survey is to monitor the competitive housing market within San Diego County, thereby providing developers, lenders and architects with a research tool enabling them to keep a pulse on the real estate industry.

Over 350 residential subdivisions were surveyed. San Diego County was geographically demarcated into the following submarkets: Coastal North, Inland North, Central East and South Bay. Coastal North was the most actively selling area in San Diego County with over 85 projects conducting sales. The City of Carlsbad had the most activity with a total of 21 projects on line.

New home prices ranged from $81,500 to $600,000 for condominiums, townhomes and duplexes and from $96,900 to $203,990 for single-family homes. The average price per square foot was $113.51 for the attached product compared to $84.47 for detached. Weekly new home sales rates in Carlsbad continue to be strong, averaging 1.06 and 1.31 for attached and detached, respectively.

The survey, sponsored by First American, was developed and prepared by The Meyers Group. According to Ken Ecker, vice president and manager of First American's San Diego office, "The Meyers Group is a new firm that is rapidly developing a reputation for accurate real estate research."

For more information, or to obtain a copy of this premiere edition survey, please contact: Ken Ecker, First American Title Insurance Company, 421 Ivy Street, San Diego, CA 92101, (619) 236-1776.

First American Title Insurance Company, third largest title insurer in the nation, operates through branches, subsidiaries, affiliates or agents throughout the United States and in Guam, Puerto Rico and England.

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