Monday, July 30, 2012

San Diego Clairemont Area Median Condo Prices thru June 2012

MED CONDO PRICES 201206 Clrmt.pdf Download this file

Greetings All,

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

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

·       Compared to 1 mo ago, 46% 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 -10%.  Most notable of these was Clairemont Mesa with a 19% price increase on 9 condos sold in the subject month.

·         Compared to 2 mos ago, the market value of 46% 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 -3%.  Here we have our leader being Clairemont Mesa with a 48% increase along with Kensington / Normal Heights with a 39% increase. Also, over both of the past 2 mos straight, 31% of zips have shown an increase or stayed essentially the same in market value.

·         Compared to 1 year ago, we have 46% with a median market value either higher or essentially the same (within +/-4%).  The average 1 yr change over all 13 zip codes was -3%.  In this 1 yr category, with a 32% increase over market values of 1 yr ago, is Kensington / Normal Heights, Ocean Beach with a 27% increase and Kearney Mesa / Linda Vista with a 25% increase in market value.

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 the overall average change for all zips:
% OF TRACKED ZIPS THAT INCREASED OR HELD STEADY 
COMPARED 
TO: 
CONDOS 
HOUSES 
1 MO AGO 
46%
67%
  2 MO AGO 
46%
56%
1 YR AGO 
46%
50%

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 the county as a whole, will catch up in due time! 
OVERALL AVERAGE CHANGE
OF ALL TRACKED ZIPS COMBINED
 COMPARED
TO:
CONDOS
HOUSES
1 MO AGO
DWN -10%
UP +1%
  2 MO AGO
DWN -3%
DWN -3%
1 YR AGO
DWN -3%
UP +5%

For more info on real estate issues and concerns in San Diego, scroll down to Mortgage rates drop again, Freddie Mac says; 30-year at 3.53% and for even more info, "CoreLogic: Home Prices Rise for Third Consecutive Month".

Cheers Again Until Next Month!  - Peg
Mary "Peg" Heying
REALTOR® - CA DRE License # 01726709
Prudential CA Realty
890 W Washington St.
San Diego, CA 92103
Cell:  (619) 301-8589
Website:  http://www.realtorpeg.com/

Posted via email from RealtorPeg

San Diego Uptown Area Median Condo Prices thru June 2012

MED CONDO PRICES 201206 UpTown.pdf Download this file

Greetings All,

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

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

·       Compared to 1 mo ago, 46% 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 -10%.  Most notable of these was Clairemont Mesa with a 19% price increase on 9 condos sold in the subject month.

·         Compared to 2 mos ago, the market value of 46% 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 -3%.  Here we have our leader being Clairemont Mesa with a 48% increase along with Kensington / Normal Heights with a 39% increase. Also, over both of the past 2 mos straight, 31% of zips have shown an increase or stayed essentially the same in market value.

·         Compared to 1 year ago, we have 46% with a median market value either higher or essentially the same (within +/-4%).  The average 1 yr change over all 13 zip codes was -3%.  In this 1 yr category, with a 32% increase over market values of 1 yr ago, is Kensington / Normal Heights, Ocean Beach with a 27% increase and Kearney Mesa / Linda Vista with a 25% increase in market value.

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 the overall average change for all zips:
% OF TRACKED ZIPS THAT INCREASED OR HELD STEADY 
COMPARED 
TO: 
CONDOS 
HOUSES 
1 MO AGO 
46%
67%
  2 MO AGO 
46%
56%
1 YR AGO 
46%
50%

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 the county as a whole, will catch up in due time! 
OVERALL AVERAGE CHANGE
OF ALL TRACKED ZIPS COMBINED
 COMPARED
TO:
CONDOS
HOUSES
1 MO AGO
DWN -10%
UP +1%
  2 MO AGO
DWN -3%
DWN -3%
1 YR AGO
DWN -3%
UP +5%

For more info on real estate issues and concerns in San Diego, scroll down to Mortgage rates drop again, Freddie Mac says; 30-year at 3.53% and for even more info, "CoreLogic: Home Prices Rise for Third Consecutive Month".

Cheers Again Until Next Month!  - Peg
Mary "Peg" Heying
REALTOR® - CA DRE License # 01726709
Prudential CA Realty
890 W Washington St.
San Diego, CA 92103
Cell:  (619) 301-8589
Website:  http://www.realtorpeg.com/

Posted via email from RealtorPeg

San Diego Uptown Area Median House Prices thru June 2012

MED HOUSE PRICES 201206 Uptown.pdf Download this file

Greetings All, 

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

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

·       Compared to 1 mo ago, 67% 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 +1%.  Most notable of the increases was Hillcrest / Mission Hills with a 33% increase on 14 houses sold, Point Loma had a 15% increase on 19 houses sold and Bay Park / Old Town had a 15% increase on 2 houses sold.

·       Compared to 2 mos ago, the market value of 56% 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 -3%.  Here we have our leader being Point Loma with a 20% increase and Bay Park / Old Town with an 18% increase. Also, over both of the past 2 mos straight, 50% of zips have shown an increase or stayed essentially the same in market value.

·      Compared to 1 year ago, we have 50% with a median market value either higher or essentially the same (within +/-4%).  The average 1 yr change over all 18 zip codes was +5%.  In this 1 yr category, with a 57% increase over market values of 1 yr ago, is Hillcrest / Mission Hills while Bay Park / Old Town had a 43% increase.

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 the overall average change for all zips:
% OF TRACKED ZIPS THAT INCREASED OR HELD STEADY 
COMPARED 
TO: 
CONDOS 
HOUSES 
1 MO AGO 
46%
67%
  2 MO AGO 
46%
56%
1 YR AGO 
46%
50%

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 the county as a whole, will catch up in due time!
OVERALL AVERAGE CHANGE
OF ALL TRACKED ZIPS COMBINED
 COMPARED
TO:
CONDOS
HOUSES
1 MO AGO
DWN -10%
UP +1%
  2 MO AGO
DWN -3%
DWN -3%
1 YR AGO
DWN -3%
UP +5%

For more info on real estate issues and concerns in San Diego, scroll down to Mortgage rates drop again, Freddie Mac says; 30-year at 3.53% and for even more info, "CoreLogic: Home Prices Rise for Third Consecutive Month".

Cheers Again Until Next Month!  - Peg
Mary "Peg" Heying
REALTOR® - CA DRE License # 01726709
Prudential CA Realty
890 W Washington St.
San Diego, CA 92103
Cell:  (619) 301-8589

Posted via email from RealtorPeg

San Diego Coastal Area Median House Prices thru June 2012

MED HOUSE PRICES 201206 Coast.pdf Download this file

Greetings All, 

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

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

·       Compared to 1 mo ago, 67% 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 +1%.  Most notable of the increases was Hillcrest / Mission Hills with a 33% increase on 14 houses sold, Point Loma had a 15% increase on 19 houses sold and Bay Park / Old Town had a 15% increase on 2 houses sold.

·       Compared to 2 mos ago, the market value of 56% 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 -3%.  Here we have our leader being Point Loma with a 20% increase and Bay Park / Old Town with an 18% increase. Also, over both of the past 2 mos straight, 50% of zips have shown an increase or stayed essentially the same in market value.

·      Compared to 1 year ago, we have 50% with a median market value either higher or essentially the same (within +/-4%).  The average 1 yr change over all 18 zip codes was +5%.  In this 1 yr category, with a 57% increase over market values of 1 yr ago, is Hillcrest / Mission Hills while Bay Park / Old Town had a 43% increase.

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 the overall average change for all zips:
% OF TRACKED ZIPS THAT INCREASED OR HELD STEADY 
COMPARED 
TO: 
CONDOS 
HOUSES 
1 MO AGO 
46%
67%
  2 MO AGO 
46%
56%
1 YR AGO 
46%
50%

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 the county as a whole, will catch up in due time!
OVERALL AVERAGE CHANGE
OF ALL TRACKED ZIPS COMBINED
 COMPARED
TO:
CONDOS
HOUSES
1 MO AGO
DWN -10%
UP +1%
  2 MO AGO
DWN -3%
DWN -3%
1 YR AGO
DWN -3%
UP +5%

For more info on real estate issues and concerns in San Diego, scroll down to Mortgage rates drop again, Freddie Mac says; 30-year at 3.53% and for even more info, "CoreLogic: Home Prices Rise for Third Consecutive Month".

Cheers Again Until Next Month!  - Peg  
Mary "Peg" Heying
REALTOR® - CA DRE License # 01726709
Prudential CA Realty
890 W Washington St.
San Diego, CA 92103
Cell:  (619) 301-8589

Posted via email from RealtorPeg