The latest in San Diego SOLD home prices through Jan, 2011.
For CONDOS, in the 13 different zip codes which I track, the median sold prices look like:
Ø Compared to 1 mo ago, 46% of zips either went up in market value or stayed essentially the same (within +/-5% market value). Most notable of these was Mission Valley with a 29% increase over values of the prior month and 25 condos sold in the most current month.
Ø Compared to 2 mos ago, the market value of 31% are still either at a higher value or stayed essentially the same (within +/-5%) as they were 2 mos ago. Here we have our leader being University City with a 13% increase over values of 2 mos ago and 10 condos sold. Also, over both of the past 2 mos straight, 23% of zips have shown an increase or stayed essentially the same in market value for both months.
Ø Compared to 1 year ago, we have 38% with a market value either higher or essentially the same (within +/-5%). In the 1 yr category, with a 14% increase over market values of 1 yr ago, is Bay Park / Old Town, and, with an 11% increase we have Clairemont Mesa.
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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:
| DEC 2010 | CONDOS | HOUSES |
| 1 MO AGO | 46% | 56% |
| 2 MO AGO | 31% | 44% |
| 1 YR AGO | 38% | 39% |
For more info on falling & rising home prices in San Diego, scroll down this blog a bit further and check out "Sales of West Coast Foreclosed Homes Climb", and also "4th Qtr 2010 Saw 74% of Homes For Sale Affordable to Median Income Buyers!”
Cheers Until Next Month! - Peg
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