Ø Compared to 1 mo ago, 62% 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 57% increase over values of the prior month and 7 condos sold in the most current month, and following closely are both Ocean Beach & Clairemont Mesa with a 53% increase respectively.
Ø Compared to 2 mos ago, the market value of 46% 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 Point Loma with a 129% increase over values of 2 mos ago, but with only 2 condos sold, we have to give equal attention to Ocean Beach with an 82% increase and 5 condos sold. 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 54% with a market value either higher or essentially the same (within +/-5%). In the 1 yr category, again with an 82% increase over market values of 1 yr ago, is Ocean Beach.
To summarize: 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: NOV 2010 CONDOS HOUSES 1 MO AGO 62% 78% 2 MO AGO 46% 61% 1 YR AGO 54% 72%
For more info on falling-rising home prices, scroll down this blog a bit further and check out "San Diego Leading Economic Indicators Up In Nov 2010 Says USD's Alan Gin", and also further down, see a brief summary "San Diego's Economy Shows Improvement".
Cheers & Happy New Year! - Peg
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