Greetings All,
The latest in San Diego SOLD home prices through Feb 2011.
For CONDOS, in the 13 different zip codes which I track, the median sold prices look like:
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 Pacific Beach with a 60% increase over values of the prior month with 17 condos sold in this subject month along with South Park / Golden Hill at a 42% increase and 6 condos sold..
Ø Compared to 2 mos ago, the market value of 38% 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 38% increase over market values of 2 mos ago on 11 condos sold. Also, over both of the past 2 mos straight, 31% of zips have shown an increase or stayed essentially the same in market value.
Ø Compared to 1 year ago, we have 23% with a market value either higher or essentially the same (within +/-5%). In the 1 yr category, with a 22% increase over market values of 1 yr ago, is North Park, and, with a 17% increase we have Pacific Beach.
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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:
| FEB 2011 | CONDOS | HOUSES |
| 1 MO AGO | 54% | 67% |
| 2 MO AGO | 38% | 67% |
| 1 YR AGO | 23% | 56% |
For more info on falling & rising home prices in San Diego, scroll down this blog a bit further and check out "Mortgage Rates Plunge to 3-Month Low” and also "San Diego Home Prices Up Very Slightly in Feb 2011".
Cheers Until Next Month! - Peg
