Ø Compared to 1 mo ago, 66% of our zips either went up in market value or stayed essentially the same (within +/-5% market value). Here, South Park / Golden Hill with an 18% increase on 12 houses sold in the most current month is virtually tied with University City at a 17% increase and also 12 houses sold in the most current month.
Ø Compared to 2 mos ago, the market value of 66% are still either a higher value or stayed essentially the same (within +/-5%) as they were 2 mos ago. The leader in the 2 month category is again South Park / Golden Hill with a 15% increase. And, 45% of zips have shown an increase or stayed the same in market value for the past 2 mos straight.
Ø Compared to 1 year ago, we have 45% of zips with a market value either higher in market value or essentially the same (within +/-5%) compared to 1 yr ago. Here we have one more time, South Park / Golden Hill leading the pack with a 35% increase and 12 houses sold in the most current month above market values of 1 yr ago.
To summarize: The below chart gives you an excellent overview of San Diego by comparing the percentages of my tracked zip codes that either increased or held steady in home value:
| OCT 2010 | CONDOS | HOUSES |
| 1 MO AGO | 54% | 66% |
| 2 MO AGO | 62% | 66% |
| 1 YR AGO | 62% | 45% |
For more info on falling-rising home prices, scroll down this blog a bit further and check out "Oct, 2010 Foreclosures Down 4% from Sept, 2010", and also see further down, "Inventory of Homes For Sale Drops".
Cheers Until Next Month! - Peg
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