Ø Compared to 1 mo ago, 46% of zips either went up in market value or stayed essentially the same (within +/-5% market value). Most notable of these was University City with a 23% increase over values of the prior month and 12 condos sold in the most current month.
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 67% increase over values of 2 mos ago, but with only 2 condos sold, so we must give equal attention to Clairemont Mesa with an 54% 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 62% with a market value either higher or essentially the same (within +/-5%). In the 1 yr category, with a 77% increase over market values of 1 yr ago, is South Park / Golden Hill, and, with a 57% increase we have 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: DEC 2010 CONDOS HOUSES 1 MO AGO 46% 56% 2 MO AGO 54% 56% 1 YR AGO 62% 61%
For more info on falling-rising home prices, scroll down this blog a bit further and check out "San Diego Economy Might Have A Brighter Outlook", and also further down, see "Gradual Recovery Continues for Home Sales Into 2011".
Cheers Until Next Month! - Peg
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