The latest in San Diego SOLD home prices through May 2011.
For HOUSES in the 18 different zip codes which I track, the median sold prices look like:
Ø Compared to 1 mo ago, 50% 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 50% increase over values of the prior month on 16 houses sold in this subject 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 24% increase over market values of 2 mos ago. Additionally, 39% 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 the stats with a 22% increase above market values of 1 yr ago.
Summary: 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:
| % OF MY ZIPS THAT INCREASED | ||
| MAY 2011 | CONDOS | HOUSES |
| 1 MO AGO | 46% | 83% |
| 2 MO AGO | 62% | 94% |
| 1 YR AGO | 62% | 56% |
Cheers Until Next Month! - Peg
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