Real Estate

Staying classy: San Diego real estate heats up

Katie Iacovella
Snapshot of San Diego real estate

More home sales—and less time on the market for many—have made San Diego a hot area for residential real estate.

San Diego, California, is the nation's eighth largest city, and the South Escondido area was the focus of last week's "Power House" on CNBC.

Realtor Geoffrey Schiering, broker with The San Diego Real Estate Pros, showed us two homes on the market. His goal was to find large lots for the best price.

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The median sales price of a home in San Diego was $415,000 at the end of April, according to the San Diego Association of Realtors. That's up 18 percent in the last year.

The average time on the market for a house in the San Diego area is 50 days currently, down 33 percent from a year ago.

—By CNBC's Katie Iacovella.