San Diego Median Home Price hit $593,000

It's hard to believe but if you want to live in San Diego, California, you can expect to pay well over half a million dollars to get an average home. This is just your run-of-the-mill type of house and it's going for a median price of $593,000 as of April 2005.

The median price of an existing home in San Diego County was $593,600 in April, slightly higher than the previous month and up 12.6 percent from a year ago, a real estate group reported today. The median home price in the region was $588,800 in March and $527,320 in April of last year, according to the California Association of Realtors. Home sales in San Diego were up 10.9 percent from March, but down 3.4 percent from April 2004, CAR reported.