The latest in San Diego SOLD home prices through Mar 2011.
For HOUSES in the 18 different zip codes which I track, the median sold prices look like:
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 Bay Park / Old Town with a 49% increase over values of the prior month with 5 houses sold in this subject month along with City Heights at a 34% increase on 17 houses sold..
Ø Compared to 2 mos ago, the market value of 72% 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 50% increase over market values of 2 mos ago on 14 houses sold. Additionally, 67% 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 61% 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, Bay Park / Old Town leading this pack with a 25% increase above market values of 1 yr ago on 5 houses sold.
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Summary: 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:
| MAR 2011 | CONDOS | HOUSES |
| 1 MO AGO | 77% | 78% |
| 2 MO AGO | 54% | 72% |
| 1 YR AGO | 31% | 61% |
For more info on falling & rising home prices in San Diego, scroll down this blog a bit further and check out my post, "Report Says Loan Mods Often More Beneficial Than Forclosures For Investors", an analysis of a report released recently by the Center for Responsible Lending.
Cheers Until Next Month! - Peg
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