The latest in San Diego SOLD home prices through Jan, 2011.
For HOUSES in the 18 different zip codes which I track, the median sold prices look like:
Ø Compared to 1 mo ago, 56% of our zips either went up in market value or stayed essentially the same (within +/-5% market value). Here we have Hillcrest / Mission Hills with a 24% increase on 10 houses in the most current month.
Ø Compared to 2 mos ago, the market value of 44% 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 South Park / Golden Hill with an 11% increase over market values of 2 mos prior. And additionally, 28% 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 39% 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, South Park / Golden Hill leading this pack with a 21% increase above market values of 1 yr ago
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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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