Current Real Estate Market Trends:

Average price per square foot for San Diego CA was $264, a decrease of 27.3% compared to the same period last year. The median sales price for homes in San Diego CA for Feb 10 to Apr 10 was $315,000 based on 4,394 home sales. Compared to the same period one year ago, the median home sales price increased 14.5%, or $40,000, and the number of home sales increased 10.4%.

The average listing price for homes for sale in San Diego CA was $642,214 for the week ending May 12, which represents an increase of 0.3%, or $1,711, compared to the prior week. Popular neighborhoods in San Diego include Rancho Bernardo and Pacific Beach, with average listing prices of $494,628 and $749,965.

History of San Diego:

The second-largest city in California. It is located in the southwest part of the state, on San Diego Bay.

Portuguese navigator Juan Rodríguez Cabrillo claimed the bay for Spain in 1542. The site was named San Miguel by Cabrillo. On Nov. 12, 1602, Don Sebastian de Viscaíno came ashore with his party on the day of St. Didacus (San Diego in Spanish) and celebrated a mass in the saint’s honor. By coincidence, Viscaíno’s flagship was named San Diego. He renamed the place San Diego after the 15th-century saint.

In 1769, Franciscan father Junípero Serra established the first California mission there—San Diego del Alcala. In 1822, Mexico won control of the town after declaring its independence from Spain. In 1846, during the Mexican War, San Diego was seized by the U.S., and it was incorporated as a city in 1850, just after California joined the Union.

Today, San Diego’s excellent natural harbor is a busy commercial port and a hub of U.S. naval operations (although the naval training center at San Diego has closed due to defense cutbacks). Other leading industries are electronics, aerospace and missiles, medical and scientific research, oceanography, and agriculture. Its magnificent climate and proximity to Mexico have made tourism a significant part of the city’s economy.

San Diego Chamber of Commerce