Monday, February 28, 2011

San Diego Uptown Area Median Condo Prices thru Jan '11

Greetings All,

 

The latest in San Diego SOLD home prices through Jan, 2011.

 

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

 

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 Mission Valley with a 29% increase over values of the prior month and 25 condos sold in the most current month.

Ø  Compared to 2 mos ago, the market value of 31% 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 University City with a 13% increase over values of 2 mos ago and 10 condos sold. Also, over both of the past 2 mos straight, 23% 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 38% with a market value either higher or essentially the same (within +/-5%).  In the 1 yr category, with a 14% increase over market values of 1 yr ago, is Bay Park / Old Town, and, with an 11% increase we have Clairemont Mesa.

.

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

31%

44%

1 YR AGO

38%

39%

 

For more info on falling & rising home prices in San Diego, scroll down this blog a bit further and check out "Sales of West Coast Foreclosed Homes Climb", and also "4th Qtr 2010 Saw 74% of Homes For Sale Affordable to Median Income Buyers!”

 

Cheers 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

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San Diego Clairemont Area Median Condo Prices thru Jan '11

Greetings All,

 

The latest in San Diego SOLD home prices through Jan, 2011.

 

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

 

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 Mission Valley with a 29% increase over values of the prior month and 25 condos sold in the most current month.

Ø  Compared to 2 mos ago, the market value of 31% 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 University City with a 13% increase over values of 2 mos ago and 10 condos sold. Also, over both of the past 2 mos straight, 23% 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 38% with a market value either higher or essentially the same (within +/-5%).  In the 1 yr category, with a 14% increase over market values of 1 yr ago, is Bay Park / Old Town, and, with an 11% increase we have Clairemont Mesa.

.

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

31%

44%

1 YR AGO

38%

39%

 

For more info on falling & rising home prices in San Diego, scroll down this blog a bit further and check out "Sales of West Coast Foreclosed Homes Climb", and also "4th Qtr 2010 Saw 74% of Homes For Sale Affordable to Median Income Buyers!”

 

Cheers 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

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San Diego Uptown Area Median House Prices thru Jan '11

Greetings All,

 

The latest in San Diego SOLD home prices through Jan, 2011.

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

 

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 Hillcrest / Mission Hills with a 24% increase on 10 houses in the most current month.

Ø  Compared to 2 mos ago, the market value of 44% 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 South Park / Golden Hill with an 11% increase over market values of 2 mos prior. And additionally, 28% 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 39% 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 21% increase above market values of 1 yr ago

.

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

31%

44%

1 YR AGO

38%

39%

 

For more info on falling & rising home prices in San Diego, scroll down this blog a bit further and check out "Sales of West Coast Foreclosed Homes Climb", and also "4th Qtr 2010 Saw 74% of Homes For Sale Affordable to Median Income Buyers!”

 

Cheers 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

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San Diego Coastal Area Median House Prices thru Jan '11

Greetings All,

 

The latest in San Diego SOLD home prices through Jan, 2011.

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

 

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 Hillcrest / Mission Hills with a 24% increase on 10 houses in the most current month.

Ø  Compared to 2 mos ago, the market value of 44% 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 South Park / Golden Hill with an 11% increase over market values of 2 mos prior. And additionally, 28% 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 39% 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 21% increase above market values of 1 yr ago

.

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

31%

44%

1 YR AGO

38%

39%

 

For more info on falling & rising home prices in San Diego, scroll down this blog a bit further and check out "Sales of West Coast Foreclosed Homes Climb", and also "4th Qtr 2010 Saw 74% of Homes For Sale Affordable to Median Income Buyers!”

 

Cheers 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

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San Diego Clairemont Area Median House Prices thru Jan '11

Greetings All,

 

The latest in San Diego SOLD home prices through Jan, 2011.

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

 

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 Hillcrest / Mission Hills with a 24% increase on 10 houses in the most current month.

Ø  Compared to 2 mos ago, the market value of 44% 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 South Park / Golden Hill with an 11% increase over market values of 2 mos prior. And additionally, 28% 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 39% 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 21% increase above market values of 1 yr ago

.

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

31%

44%

1 YR AGO

38%

39%

 

For more info on falling & rising home prices in San Diego, scroll down this blog a bit further and check out "Sales of West Coast Foreclosed Homes Climb", and also "4th Qtr 2010 Saw 74% of Homes For Sale Affordable to Median Income Buyers!”

 

Cheers 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

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San Diego Tierrasanta Area Median House Prices thru Jan '11

Greetings All,

 

The latest in San Diego SOLD home prices through Jan, 2011.

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

 

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 Hillcrest / Mission Hills with a 24% increase on 10 houses in the most current month.

Ø  Compared to 2 mos ago, the market value of 44% 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 South Park / Golden Hill with an 11% increase over market values of 2 mos prior. And additionally, 28% 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 39% 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 21% increase above market values of 1 yr ago

.

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

31%

44%

1 YR AGO

38%

39%

 

For more info on falling & rising home prices in San Diego, scroll down this blog a bit further and check out "Sales of West Coast Foreclosed Homes Climb", and also "4th Qtr 2010 Saw 74% of Homes For Sale Affordable to Median Income Buyers!”

 

Cheers 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

Posted by at No comments:

Thursday, February 24, 2011

4th Qtr 2010 Saw 74% of Homes For Sale Affordable to Median Income Buyers!

Housing Affordability Rises to Highest Level in Two Decades

February 19, 2011 — Nationwide housing affordability during the fourth quarter of 2010 rose to its highest level in the 20 years since it has been measured, according to National Association of Home Builders/Wells Fargo Housing Opportunity Index (HOI) data. The HOI indicated that 73.9% of all new and existing homes sold in the fourth quarter of 2010 were affordable to families earning the national median income of $64,400.The record-setting index for the fourth quarter surpassed the previous high of 72.5% set during the first quarter of 2009 and marked the eighth consecutive quarter that the index has been above 70%. Until 2009, the HOI rarely topped 65% and never reached 70%.

“Today’s report shows that housing affordability at the end of 2010 was at its highest level since we started computing the HOI,” said Bob Nielsen, chairman of the National Association of Home Builders (NAHB) and a home builder from Reno, Nev. “However, while this is good news for consumers, both home buyers and builders continue to confront extremely tight credit conditions, and this remains a significant obstacle to many potential home sales.”

Indianapolis-Carmel, Ind., was the most affordable major housing market in the country for the second consecutive quarter, after relinquishing for a quarter the top spot it has held for five years. In Indianapolis, 93.5% of all homes sold were affordable to households earning the area’s median family income of $68,700.

Also ranking near the top of the most affordable major metro housing markets were Youngstown-Warren-Boardman, Ohio-Pa.; Syracuse, N.Y; Warren-Troy-Farmington Hills, Mich.; and Detroit-Livonia-Dearborn, Mich.

Among smaller housing markets, the most affordable was Elkhart-Goshen, Ind., where 97.0% of homes sold during the fourth quarter of 2010 were affordable to families earning a median income of $58,600. Other smaller housing markets near the top of the index included Lansing-East Lansing, Mich.; Kokomo, Ind.; Mansfield, Ohio; and Bay City, Mich.

New York-White Plains-Wayne, N.Y.-N.J., again led the nation as the least affordable major housing market during the fourth quarter of 2010. In New York, more than a fourth—25.5%—of all homes sold during the quarter were affordable to those earning the area’s median income of $65,600. This was the 11th consecutive quarter that the New York metropolitan division has held this position.

The other major metro areas near the bottom of the affordability index included San Francisco-San Mateo-Redwood City, Calif.; Honolulu; Los Angeles-Long Beach-Glendale, Calif.; and Santa Ana-Anaheim-Irvine, Calif., respectively.

Santa Cruz-Watsonville, Calif. was the least affordable of the smaller metro housing markets in the country during the fourth quarter. In Santa Cruz, 45.0% of the homes were affordable to families earning the median income of $84,200. Other small metro areas ranking near the bottom included Ocean City, N.J; San Luis Obispo-Paso Robles, Calif.; Laredo, Texas; and Santa Barbara-Santa Maria-Goleta, Calif.

via rismedia.com

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Home Prices Increasing in San Diego & Washington D.C.

"San Diego and Washington D.C. are the only two cities where home prices are increasing...

Data through December 2010, released this morning by Standard & Poor’s show that the S&P/Case-Shiller national home price index declined by 3.9 percent quarter-over-quarter during the last three months of 2010.



The closely watched gauge is down 4.1 percent versus the fourth quarter of 2009, which is the lowest annual growth rate since prices plummeted at an annual rate of 8.6 percent in the third quarter of 2009.

“We ended 2010 with a weak report,” said David M. Blitzer, chairman of the index committee at Standard & Poor’s. “Despite improvements in the overall economy, housing continues to drift lower and weaker.”

S&P warns in its report that both its 10-city and 20-city home price composites and the national index are moving closer to their 2009 troughs and a full-fledged double dip.

The national reading is within a percentage point of the low it set in the first quarter of 2009, Blitzer said.

The 10-city and 20-city composite measurements in S&P’s study are now only 3.9 percent and 2.3 percent above their April 2009 troughs, respectively. Back in July of

last year, they were 7.9 percent and 6.9 percent above the troughs, reinforcing the fact that the latter half of 2010 has been marked by a drop in home prices across the nation.

“Unlike the 2006 to 2009 period when all cities saw prices move together, we see some differing stories around the country,” Blitzer noted. “California is doing better with gains from their low points in Los Angeles, San Diego, and San Francisco.”

But at the other end is the Sun Belt, Blitzer went on to explain, where home prices set new lows in December. Also seeing renewed weakness are some cities that were among the last to reach their peaks.

Altogether, S&P’s data show that 11 markets hit their lowest levels in December since home prices peaked in 2006 and 2007: Atlanta, Charlotte, Chicago, Detroit, Las Vegas, Miami, New York, Phoenix, Portland, Seattle, and Tampa.

Looking deeper into the monthly data, 19 of the 20 metropolitan areas included in the analysis and both composites were down in December when compared to November, and all have displayed this negative trend for three consecutive months. The only exception was Washington D.C., up 0.3 percent.

Year-over-year, 18 of the 20 metros and both composites declined compared to December 2009. San Diego and Washington D.C. are the only two cities where home prices are increasing on an annual basis, +1.7 percent and +4.1 percent, respectively.

As of the fourth quarter of 2010, S&P says average home prices across the United States are at similar levels to what they were in the first quarter of 2003.

via dsnews.com

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Wednesday, February 23, 2011

I Am Peddling This Contraption As Fast As I Can!

All I can do is be me, whoever that is.  - Bob Dylan

 

Intelligence is the ability to adapt to change.  - Stephen Hawking

 

A pessimist sees the difficulty in every opportunity; an optimist sees the opportunity in every difficulty.  - Winston Churchill

 

You are never too old to set another goal or to dream a new dream.  - C. S. Lewis

 

It always seems impossible until it’s done.  - Nelson Mandela

 

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