Wednesday, November 7, 2012

San Diego Area Median House Prices thru Sept, 2012

Greetings All,  

The latest in San Diego SOLD house prices through Sept, 2012.  

For HOUSES, in the 18 different zip codes which I track, the median sold prices look like:  

and for even more info, "San Diego Real Estate Looking Less Anemic". 

Cheers Again Until Next Month!  - Peg

 

 

 

·     Compared to 1 mo ago, 78% of zips either went up in market value or stayed essentially the same (within +/-4% median market value) over values of the prior month. The average 1 mo change over all 18 zip codes was +2%.  Most reliable and notable of the increases was Del Cerro with a 23% increase on 20 houses sold and Kensington / Normal Heights with a 16% increase on 14 houses sold.

 

 ·     Compared to 2 mos ago, the market value of 72% are still either at a higher value or stayed essentially the same (within +/-4%) over the median values of 2 months prior. The average 2 mo change over all 18 zip codes was +2%.  Here we have our leader being  North Park with a 23% increase on 13 houses sold and City Heights with a 22% increase on 11 houses sold. Also, over both of the past 2 mos straight, 67% of zips have shown an increase or stayed essentially the same in market value.

 

·    Compared to 1 year ago, we have 83% with a median market value either higher or essentially the same (within +/-4%).  The average 1 yr change over all 18 zip codes was +9%.  In this 1 yr category, with a 20% increase over market values of 1 yr ago, is Del Cerro while City Heights had a 19% increase.

TO SEE COMPLETE DETAILS FOR SAN DIEGO, CLICK HERE:  SAN DIEGO MEDIAN HOME PRICES BY ZIP CODE

 

Summary:   The below charts give you an excellent overview of San Diego home prices by comparing the percentages of my zip codes that increased and also comparing the overall average change for all zips:

% OF TRACKED ZIPS THAT INCREASED OR HELD STEADY

 

COMPARED 

TO: 

CONDOS 

HOUSES 

1 MO AGO 

69%

78%

  2 MO AGO 

54%

72%

1 YR AGO 

69%

83%

 

Keep in mind that my 13 zip codes for condos and 18 zip codes for houses, are only a portion of the entire San Diego picture. It is the norm for any one particular zip code to have a positive increase in market values for 1, 2, or 3 months and then in other months to see a decrease in market values. This is particularly common with changes in the season such as during the winter holiday season.

 

 

Bottomline - while prices may go up & down within any given year-long period, what we are really looking for is a general increase from year to year so that within that year, the rise of the "up" months is higher and thus outweighs the dips of the "down" months. The movement in some zips may be slow for sure, but, it is still movement and those lagging behind the upward trend in San Diego and in the county as a whole, will all catch up in due time!  

OVERALL AVERAGE CHANGE

OF ALL TRACKED ZIPS COMBINED

 COMPARED

TO:

CONDOS

HOUSES

1 MO AGO

UP +2%

UP +2%

  2 MO AGO

DWN -8%

UP +2%

1 YR AGO

UP +17%

UP +9%

 

 

For more info on real estate issues and concerns in San Diego, click “Back to blog” above and/or scroll down to "Mortgage Rates Will Rise Next Year"

 

Posted via email from RealtorPeg

Untitled

Greetings All,

 

The latest in San Diego SOLD condo prices through Sept, 2012.

 

For CONDOS, in the 13 different zip codes which I track, the median sold prices look like:

 

Ø  Compared to 1 mo ago, 69% of zips either went up in market value or stayed essentially the same (within +/-4% median market value) over values of the prior month. The average 1 mo change over all 13 zip codes was +2%.  The most reliable and notable of these was Bay Park / Old Town with a 30% price increase on 13 condos sold and Kearny Mesa / Linda Vista with a 21% increase on 11 condos sold in the subject month.

 

Ø  Compared to 2 mos ago, the market value of 54% are either at a higher value or stayed essentially the same (within +/-4%) over the median values of 2 months prior.  The average 2 mo change over all 13 zip codes was -8%.  Here we have our leader being Bay Park / Old Town with an 18% increase along with Kensington / Normal Heights with a 12% increase. 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 69% with a median market value either higher or essentially the same (within +/-4%).  The average 1 yr change over all 13 zip codes was 17%.  In this 1 yr category, with a 203% increase over market values of 1 yr ago, is Point Loma on 6 condos sold.

 

TO SEE COMPLETE DETAILS FOR SAN DIEGO, CLICK HERE:  SAN DIEGO MEDIAN HOME PRICES BY ZIP CODE

 

Summary:   The below charts give you an excellent overview of San Diego home prices by comparing the percentages of my zip codes that increased and also comparing the overall average change for all zips:

% OF TRACKED ZIPS THAT INCREASED OR HELD STEADY

  

COMPARED 

TO: 

CONDOS 

HOUSES 

1 MO AGO 

69%

78%

  2 MO AGO 

54%

72%

1 YR AGO 

69%

83%

 

Keep in mind that my 13 zip codes for condos and 18 zip codes for houses, are only a portion of the entire San Diego picture. It is the norm for any one particular zip code to have a positive increase in market values for 1, 2, or 3 months and then in other months to see a decrease in market values. This is particularly common with changes in the season such as during the winter holiday season.

 

Bottomline - while prices may go up & down within any given year-long period, what we are really looking for is a general increase from year to year so that within that year, the rise of the "up" months is higher and thus outweighs the dips of the "down" months. The movement in some zips may be slow for sure, but, it is still movement and those lagging behind the upward trend in San Diego and in the county as a whole, will all catch up in due time!

 

 

OVERALL AVERAGE CHANGE

OF ALL TRACKED ZIPS COMBINED

 COMPARED

TO:

CONDOS

HOUSES

1 MO AGO

UP +2%

UP +2%

  2 MO AGO

DWN -8%

UP +2%

1 YR AGO

UP +17%

UP +9%

 

For more info on real estate issues and concerns in San Diego, click “Back to blog” above and/or scroll down to "Mortgage Rates Will Rise Next Year" and for even more info, "San Diego Real Estate Looking Less Anemic". 

Cheers Again Until Next Month!  - Peg

Posted via email from RealtorPeg

Saturday, November 3, 2012

Leading Economic Indicators Up in September

Note: The tentative date for the release of next month’s report is November 29.

 

October 31, 2012 -- The USD Burnham-Moores Center for Real Estate’s Index of Leading Economic Indicators for San Diego County rose 0.6 percent in September. All six components in the Index were up, with the strongest gains in building permits and the outlook for the national economy. Local stock prices were up moderately, while the other three components (initial claims for unemployment insurance, consumer confidence, and help wanted advertising) were only slightly positive. September’s gain reversed a decline in August, which was the first drop in 10 months.

 

The solid gain in the USD Index combined with the fact that all six components were positive alleviates some of the concerns generated by last month’s report. The local economy continues to be sound, particularly in terms of employment when compared to 2011. At the end of September, nonfarm wage and salary employment was up 28,000 compared to the same period in 2011. The biggest gains in employment were in administrative and waste services (+7,100 jobs), leisure and hospitality (+6,300), health care (+5,000), and retail trade (+4,800). The only sector that experienced a decline in employment was manufacturing, which is down 1,100 jobs. Manufacturing employment in San Diego has fallen in 10 of the last 11 years. Job growth is expected to remain solid for the rest of the year and at least through the first half of 2013.

 

Index of Leading Economic Indicators

The index for San Diego County that includes the components listed below (September)

Source: USD Burnham-Moores Center for Real Estate

+0.6%

Building Permits

Residential units authorized by building permits in San Diego County (September)

Source: U.S. Census Bureau

+1.35%

Unemployment Insurance

Initial claims for unemployment insurance in San Diego County, inverted (September)

Source: Employment Development Department

+0.18%

Stock Prices

San Diego Stock Exchange Index (September)

Source: San Diego Daily Transcript

+0.75%

Consumer Confidence

An index of consumer confidence in San Diego County , estimated (September)

Source: The Conference Board

+0.08%

Help Wanted Advertising

An index of online help wanted advertising in San Diego (September)

Source: Monster Worldwide

+0.05%

National Economy

Index of Leading Economic Indicators (September)

Source: The Conference Board

+1.22%

 

Highlights: Residential units authorized by building permits advanced for the seventh month in a row and finished the third quarter up 14.6 percent compared to the same period in 2011. The strength continues to be in multi-family units authorized, which were up 27.7 percent through the third quarter. A weak September hurt single-family units authorized, which had been solid in recent months. Single-family units authorized were down 4.1 percent through the end of the third quarter. Both labor market variables were positive for the first time in four months. Initial claims for unemployment insurance were lower in September, which is a positive for the Index, while help wanted advertising advanced for the 21st consecutive month, although just barely. The net result was that the local unemployment rate fell to 8.4 percent in September, down from a revised 9.0 percent in August. After falling in August, consumer

confidence increased for the ninth time in ten months in September. While local stock prices were up for the month, they lagged the gains in the broader market averages for the year. Local stocks were up 7.0 percent through the end of the third quarter, compared to a 10.0 percent gain for the Dow Jones Industrial Average and a 19.6 percent rise in the NASDAQ Composite. For the sixth month in a row, the direction of the national Index of Leading Economic Indicators switched compared to the previous month. The outlook for the national economy remains mixed. The “advance” estimate for third quarter Gross Domestic Product

came in at 2.0 percent. That was higher than expected and above the 1.3 percent growth rate of the second quarter, but still below the level needed to generate significant job growth. National job growth was only 114,000 in September, but the unemployment rate dropped to 7.8 percent, the first time it has been under 8 percent since January 2009.

 

September’s increase puts the USD Index of Leading Economic Indicators for San Diego County at 122.3, up from August’s revised value of 121.6. Revisions in the national Index of Leading Economic Indicators caused the previously reported value of 121.7 to be revised downward and the previously reported unchanged reading to be revised down to -0.1 percent.

 

Please visit the Website address given below to see the revised changes for the individual components. The values for the USD Index for the last year are given below:

 

Index % Change

2011

SEP 116.1 +0.1

OCT 115.9 - 0.2

NOV 116.2 +0.2

DEC 116.9 +0.6

2012

JAN 117.7 +0.7

FEB 118.7 +0.9

MAR 119.8 +0.9

APR 120.5 +0.6

MAY 121.2 +0.6

JUN 121.2 +0.0

JUL 121.7 +0.3

AUG 121.6 -0.1

SEP 122.3 +0.6

 

For more information on the University of San Diego's Index of Leading Economic Indicators,

please contact:

Professor Alan Gin TEL: (858) 603-3873

School of Business Administration FAX: (858) 484-5304

University of San Diego E-mail: agin@san.rr.com

5998 Alcalá Park Website: http://www.sandiego.edu/~agin/usdlei

 

 

Posted via email from RealtorPeg

Thursday, November 1, 2012

Fleet Science Center Is Snowing! Events Nov 2012

  Reuben H. Fleet Science Center
Your Guide to the Fleet
NOVEMBER 2012
Reuben H. Fleet Science Center
TALES OF THE MAYA SKIES--Opens November 9!
Tales of the Maya Skies
Discover the Hero Twins of Xibalbe and the secrets of the Maya calendar as you are transported to cities and temples lost in the jungles of Mexico. Explore this ancient civilization's mastery of math, science and astronomy in our new state-of-the-art full-dome digital planetarium show! More>>

Friday, November 9 
First Showing at Noon 

Mars Update!
Curious about what's happening on Mars? Get an update from our favorite rover, Curiosity, and resident astronomer Dr. Lisa Will at this month's Sky Tonight planetarium show. More>>Wednesday, November 7 7:00 p.m. and 8:15 p.m.

Monarchs & Milkweed "Caterpillar Club" and New "Discovery Workshop!"
Caterpillar and milkweek
For the first time ever, the Fleet offers a weekend workshop specially designed for students in Kindergarten through 2nd grade--our brand-new Monarchs and Milkweed Discovery Workshop. Or fascinate your 3-5 year-old Young Scientists at a unique Caterpillar Club! More>>Sunday, November 11Caterpillar Club: 9:30 a.m. - 11:00 a.m.Discovery Workshop: 12 Noon - 1:30 p.m.

Make Your Holiday Party Out of This World!
Prom
This holiday season, the Fleet can provide a unique venue for your holiday party. Multi-level exhibition and event spaces let guests enjoy an unforgettable evening as they explore hands-on galleries to learn how much fun science can be! Leave the planning to our staff and make your holiday party a memorable one! More>>

Young Scientists Check Out the World They Know Best--Their Body!
summer camp
"Body Works" will guide your Young Scientists through hands-on activities investigating the scientific wonders of the world--and their own operating systems, including digestion, circulation, five senses and your skeleton. A parent or guardian learns along with their 3-5 year-old, and a whole new world opens up! More>>


Gift Memberships at a Discount!
Membership faces icon
Getting ready for the holidays? We can help! Memberships make great gifts--especially at this time of year. Best of all, members save over the regular price. Three easy ways to buy: at the Ticket Counter, call the Membership Office at (619) 238-1233, ext. 713 or mail this gift form. Fleet membership is a great value all year long!   


Donate Your Body to Science
Volunteers do a little bit of everything around here--from operating robots at outreach booths to helping guests experiment with exhibits to administrative work. Whether you want to share your passion for science or learn a new skill yourself, there is a volunteer position for you! Apply online today. Orientations: November 10 & 14. More>> 


LET IT SNOW for the Holidays! 
Let it Snow
Enjoy the sights and sounds of the season in this new holiday digital show. Featuring festive classics from Frank Sinatra and Burl Ives and a stunning multi-media finale by the Trans Siberian Orchestra, the whole family will delight as we LET IT SNOW at the Fleet!

Friday, November 16
First showing at 5 p.m. 

Quick Links
November Events
3
Family Science Saturdays
3 DNA Day
5 Senior Mondays
6
FREE Tuesday
7
Young Scientists
7
The Sky Tonight
10
Saturday Science Club for Girls
18
IMAX en EspaƱol
New in November

Tales of the Maya Skies

Let It Snow

Now Playing
 

 To The Arctic

Black Holes digital show

Rock the Dome poster

 Fridays at the Fleet Featuring America the Beautiful!
See one show for $9.50 and add an additional show for only $6.00!
Every Friday in November:
LEWIS & CLARK: GREAT JOURNEY WEST
GRAND CANYON ADVENTURE: RIVER AT RISK
YELLOWSTONE 
Enter to Win
Congratulations to Patty Timson, winner of 4 tickets to FLIGHT OF THE BUTTERFLIES.

This month, it could be YOUR turn to win! Enter to win 4 tickets to "NANO--Imagine and Discover a World You Can't See!" 

     Nano  

To enter, please complete this form by November 15, 2012.


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Copyright 2012 Reuben H. Fleet Science Center. All rights reserved.

Reuben H. Fleet Science Center| 1875 El Prado | 619.238.1233 | San Diego | CA | 92101


Posted via email from RealtorPeg