Ø Compared to 1 mo ago, 78% of our zips either went up in market value or stayed essentially the same (within +/-5% market value). Here we have Pacific Beach with a 35% increase on 13 houses sold and Ocean Beach at a 28% increase and 11 houses sold in the most current month.
Ø Compared to 2 mos ago, the market value of 61% 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 Kensington / Normal Heights with a 32% increase and is essentially tied with Ocean Beach at a 31% increase over market values of 2 mos prior. And additionally, 61% 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 72% 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, Ocean Beach leads this pack with a 32% increase 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:
| NOV 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 & Happy New Year! - Peg
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