Greetings All,
The latest in San Diego SOLD house prices through June, 2012.
For HOUSES, in the 18 different zip codes which I track, the median sold prices look like:
· Compared to 1 mo ago, 67% of zips either went up in market value or stayed essentially the same (within +/-4% median market value) over values of the prior month. The average 1 mo change over all 18 zip codes was +1%. Most notable of the increases was Hillcrest / Mission Hills with a 33% increase on 14 houses sold, Point Loma had a 15% increase on 19 houses sold and Bay Park / Old Town had a 15% increase on 2 houses sold.
· Compared to 2 mos ago, the market value of 56% are still either at a higher value or stayed essentially the same (within +/-4%) over the median values of 2 months prior. The average 2 mo change over all 18 zip codes was -3%. Here we have our leader being Point Loma with a 20% increase and Bay Park / Old Town with an 18% increase. Also, over both of the past 2 mos straight, 50% of zips have shown an increase or stayed essentially the same in market value.
· Compared to 1 year ago, we have 50% with a median market value either higher or essentially the same (within +/-4%). The average 1 yr change over all 18 zip codes was +5%. In this 1 yr category, with a 57% increase over market values of 1 yr ago, is Hillcrest / Mission Hills while Bay Park / Old Town had a 43% increase.
Summary: The below charts give you an excellent overview of San Diego home prices by comparing the percentages of my zip codes that increased and also the overall average change for all zips:
| % OF TRACKED ZIPS THAT INCREASED OR HELD STEADY | ||
| COMPARED TO: | CONDOS | HOUSES |
| 1 MO AGO | 46% | 67% |
| 2 MO AGO | 46% | 56% |
| 1 YR AGO | 46% | 50% |
Keep in mind that my 13 zip codes for condos and 18 zip codes for houses, are only a portion of the entire San Diego picture. It is the norm for any one particular zip code to have a positive increase in market values for 1, 2, or 3 months and then in other months to see a decrease in market values. This is particularly common with changes in the season such as during the winter holiday season.
Bottomline - while prices may go up & down within any given year-long period, what we are really looking for is a general increase from year to year so that within that year, the rise of the "up" months is higher and thus outweighs the dips of the "down" months. The movement in some zips may be slow for sure, but, it is still movement and those lagging behind the upward trend in San Diego and the county as a whole, will catch up in due time!
| OVERALL AVERAGE CHANGE OF ALL TRACKED ZIPS COMBINED | ||
| COMPARED TO: | CONDOS | HOUSES |
| 1 MO AGO | DWN -10% | UP +1% |
| 2 MO AGO | DWN -3% | DWN -3% |
| 1 YR AGO | DWN -3% | UP +5% |
For more info on real estate issues and concerns in San Diego, scroll down to “Mortgage rates drop again, Freddie Mac says; 30-year at 3.53% “ and for even more info, "CoreLogic: Home Prices Rise for Third Consecutive Month".
Cheers Again 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
Email: realtorpeg@yahoo.com
Website: http://www.realtorpeg.com/
Facebook: http://www.facebook.com/realtorpegsd
Twitter: http://twitter.com/realtorpegsd
A native New Orleanian, Mr. Carney began his training with Harvey Hysell and Diane Carney. He continued his studies as a scholarship student with David Howard in New York and Devon Carney of the Boston Ballet. Mr. Carney graduated from Tulane University with a Bachelor of Arts in English Literature while continuing to perform with Ballet Hysell in New Orleans. He then joined Montgomery Ballet with his wife Eleanor in 1996. He has danced principal roles in Coppelia, The Nutcracker, Sleeping Beauty, Scheherazade, Petrouchka, and Les Sylphides to name a few. He danced the lead role and was a dance captain in Billy Joel and Twyla Tharp's musical Movin' Out for three years on Broadway. Mr. Carney has guested extensively across the United States as a dancer, teacher and choreographer. Currently he balances his directing and performing with instructing ballet at Tulane University.
Mr. Popp from Lincoln, Nebraska, sparked interest in dance at the Lincoln Midwest Ballet Company pausing to pursue academics, graduating with a BS in Biochemistry, minor in math and physics, from the University of Nebraska at Lincoln (UNL) 1999. In 2000, he was a Fulbright scholar located in Germany. He began his professional dance training during his final years at UNL, and has since continued on dancing professionally with the Omaha Theater Company, The Sacramento Ballet, Complexions, Billy Joel's Movin' Out on Broadway and most recently The Phantom of the Opera on Broadway. Corbin and Whitney Popp are proud to have the biggest fans of the show right at home: twin girls Addy and Zoe while working on a DMD degree in Mesa Arizona.