Ø Compared to 1 mo ago, 56% of our zips either went up in market value or stayed essentially the same (within +/-5% market value). Here we have South Park / Golden Hill with a 42% increase on 10 houses and La Jolla with a 35% increase on 24 houses sold in the most current month.
Ø Compared to 2 mos ago, the market value of 56% are still either a higher value or stayed essentially the same (within +/-5%) as they were 2 mos ago. The leader in the 2 month category is La Jolla with a 40% increase and North Park at a 28% increase along with Del Cerro at a 26% increase over market values of 2 mos prior. And additionally, 44% of zips have shown an increase or stayed the same in market value for the past 2 mos straight.
Ø Compared to 1 year ago, we have 61% of zips with a market value either higher in market value or essentially the same (within +/-5%) compared to 1 yr ago. Here we have, South Park / Golden Hill leading this pack with a 65% increase above market values of 1 yr ago and also North Park with a 43% increase.
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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