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County new home prices hit record high

The median price for newly built single-family homes and condos in San Diego County shot up to a record high in December, while the number of new homes sold hit a record low for a December.

Last month, 284 new residences sold at a median $699,000, a 48 percent hike over the $473,250 median new home price in December 2012, when 419 new homes sold. The previous record for a median new home price was $553,000 in February 2008, when 330 units closed escrow, real estate tracker DataQuick reported Tuesday.