Ø Compared to 1 mo ago, 54% of zips either went up in market value or stayed essentially the same (within +/-5% market value). Most notable of these was Point Loma with a 179% increase over values of the prior month but only 3 condos were sold in the most current month, so this would appear to be a normal, idiosyncratic blip of deviation for Point Loma relative to our long-term rise & fall of home values for most San Diego zip codes.
Ø Compared to 2 mos ago, the market value of 62% 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 Mission Valley with a 24% increase over values of 2 mos ago with 13 condos sold in the most current month. Also, over both of the past 2 mos straight, 38% of zips have shown an increase or stayed essentially the same in market value for both months.
Ø Compared to 1 year ago, we have 62% with a market value either higher or essentially the same (within +/-5%). In the 1 yr category with a 49% increase, is Kearney Mesa / Linda Vista having 8 condos sold in the most current month.
| OCT 2010 | CONDOS | HOUSES |
| 1 MO AGO | 54% | 66% |
| 2 MO AGO | 62% | 66% |
| 1 YR AGO | 62% | 45% |
For more info on falling-rising home prices, scroll down this blog a bit further and check out "Oct, 2010 Foreclosures Down 4% from Sept, 2010", and also see further down, "Inventory of Homes For Sale Drops".
Cheers Until Next Month! - Peg
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