KPBS Midday Edition

Study: San Diego's Median Home Price Could Near $1 Million Next Year

By Maureen Cavanaugh / KPBS Midday Edition Co-Host, Andrew Bracken / Producer, KPBS Midday Edition

Published August 25, 2021 at 1:27 PM PDT

This story was published more than 3 years ago.

A "for sale" sign is pictured in front of a house in Chula Vista in this file photo from July 21, 2020.

San Diego House Prices Could Near $1 Million, Study Says

Though not all experts agree with the prediction, most expect local home prices to continue their gains

Home improvement site Porch predicts San Diego’s median home price will reach close to $1 million by this time next year, according to its research.

San Diego Union-Tribune business reporter Phillip Molnar joined Midday Edition on Wednesday to talk about the study and what it means for would-be homebuyers and renters alike.

With single-family homes leading the way, the study forecasts a yearly increase of 25% in San Diego's home prices. At a median price of around $850,000, Molnar said "single-family homes are the hottest thing in San Diego County."

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Though emphasizing how difficult it is to predict where housing prices will go, he does not see any signs of the housing prices changing direction just now.

"We haven't seen anything that would really change in the market that would stop this upward climb," Molnar said.

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Maureen Cavanaugh

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Maureen Cavanaugh has been a familiar voice for KPBS listeners for more than 15 years, serving in a variety of capacities including announcer, host, and producer. As host of KPBS Midday Edition, Maureen has interviewed a wide range of notables, such as comedienne Sandra Bernhardt, actor John Lequizamo, author Chuck Palahniuk, composer Marvin Hamlisch, artist Robert Irwin, and designer Zandra Rhodes. But of all the interviews Maureen has conducted, her most special was with His Holiness, the Dalai Lama. Before joining KPBS in 1997, she worked as a news anchor for KSDO and KOGO News Radio in San Diego. While working for commercial radio stations in San Diego and in Salt Lake City, Utah, Maureen reported on both hard news and lifestyle features. Maureen has received three "Golden Mike" awards from the Radio and TV News Association of Southern California for economic reporting and breaking news. She has also received a "Best of Show" and “Best Radio Newscast” awards from the San Diego Press Club and the "Flo" Award from Public Radio Program Directors Association for Best Public Radio Announcer in a large market. Maureen is a native of Queens, New York, but after more than 20 years in San Diego she feels she qualifies as a real Southern Californian.

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Andrew Bracken

Andrew Bracken is a producer for KPBS Midday Edition. He is also the producer and host for the KPBS podcast series "My First Day" and "San Diego Conversations," a collaboration with KPBS and the National Conflict Resolution Center.

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