The latest in San Diego SOLD home prices through Mar 2011.
For CONDOS, in the 13 different zip codes which I track, the median sold prices look like:
Ø Compared to 1 mo ago, 77% of zips either went up in market value or stayed essentially the same (within +/-5% market value). Most notable of these was South Park / Golden Hill with a 38% increase over values of the prior month with 7 condos sold in this subject month along with Mission Valley at a 30% increase and 13 condos sold..
Ø Compared to 2 mos ago, the market value of 54% 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 South Park / Golden Hill with a 96% increase over market values of 2 mos ago and Pacific Beach at a 94% increase on 22 condos sold . Also, over both of the past 2 mos straight, 46% of zips have shown an increase or stayed essentially the same in market value.
Ø Compared to 1 year ago, we have 31% with a market value either higher or essentially the same (within +/-5%). In this 1 yr category, with a 78% increase over market values of 1 yr ago, is South Park / Golden Hill.
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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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