With Housing Market Dip, 7 ‘Million-Dollar Cities’ Remain in San Diego County

Source: Times of San Diego — 

The U.S. has lost 58 “million-dollar” communities — areas where the typical home is worth $1 million or more — since the housing market peaked last July, a new analysis shows.

One of them is in San Diego County, in Bonita, where that home value has dipped to about $993,500, according to Zillow.com.

The seven areas in the county where the typical home value remains above $1 million are Carlsbad, Coronado, Del Mar, Encinitas, Poway, Rancho Santa Fe and Solana Beach.

Across the nation in the six months after the peak, the typical home in million-dollar cities lost an average of $114,500 in value.