Real estate information service CoreLogic predicted San Diego County home values will continue to outpace the rest of the state, rising an average of 10.1 percent by November 2017 as compared with November 2016 levels.
The Irvine-based company described local market conditions as “normal,” not “overvalued” as it labeled the Los Angeles and other markets.
California home prices overall jumped 5.5 percent between November 2015 and November 2016, CoreLogic stated. It forecast an 8.6 percent increase by November 2017.
In a brief overview, CoreLogic reported San Diego-area home prices surged 6.2 percent between November 2015 and November 2016. It said prices increased three-tenths of a percent between October and November and predicted they would edge up another 0.2 percent in December 2016.