Greetings All,
The latest in San Diego SOLD home prices through Feb 2011.
For HOUSES in the 18 different zip codes which I track, the median sold prices look like:
Ø Compared to 1 mo ago, 67% of our zips either went up in market value or stayed essentially the same (within +/-5% market value). Here we have Ocean Beach with a 22% increase over values of the prior month with 6 houses sold in this subject month.
Ø Compared to 2 mos ago, the market value of 67% 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 Hillcrest / Mission Hills with a 26% increase over market values of 2 mos ago on 10 houses sold and Ocean Beach with an 18% increase with 6 houses sold.. Additionally, 56% 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 56% 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, Ocean Beach leading this pack with a 31% increase above market values of 1 yr ago on 6 houses sold and Hillcrest / Mission Hills with a 25% increase on 10 houses sold.
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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:
| FEB 2011 | CONDOS | HOUSES |
| 1 MO AGO | 54% | 67% |
| 2 MO AGO | 38% | 67% |
| 1 YR AGO | 23% | 56% |
For more info on falling & rising home prices in San Diego, scroll down this blog a bit further and check out "Mortgage Rates Plunge to 3-Month Low” and also "San Diego Home Prices Up Very Slightly in Feb 2011".
Cheers Until Next Month! - Peg
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