SAN DIEGO MEDIAN HOUSE PRICES BY ZIP CODE, SEPT 2014

Greetings All,

The latest data for median SOLD house prices in 21 different San Diego zip codes during the month of Sept, 2014 show:

  • 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 zip codes was +2%. Most reliable and notable of the increases was South Park/Golden Hill with a 61% increase on 9 houses sold in the subject month.
  • Compared to 2 mos ago, the market value of 52% are still either at a higher value or stayed essentially the same (within +/-4%) over the median values of 2 months prior. The average change over 2 mos of all zip codes was -4%. Here we have our reliable leader being Ocean Beach with a 12% increase on 17 houses sold.  As an interesting side note, over both of the past 2 mos straight, 43% of zips have shown an increase or stayed essentially the same in market value during both prior 2 months.
  • Compared to 1 year ago, we have 76% with a median market value either higher or essentially the same (within +/-4%).  The average 1 yr change over all zip codes was +3%. In this 1 yr category, reliably leading is Ocean Beach with a 27% increase over market values of 1 yr ago on 17 condos sold.

TO SEE COMPLETE DETAILS FOR OUR INDIVIDUAL SAN DIEGO ZIP CODES, CLICK HERE:  SAN DIEGO MEDIAN HOME PRICES BY ZIP CODE

Summary:   The below charts give you an excellent overview of San Diego home prices by comparing the percentages of my zip codes that increased in home value for condos vs houses and also comparing the overall average change for all zips combined:

% OF TRACKED ZIPS THAT INCREASED OR HELD STEADY

COMPARED TO: CONDOS HOUSES
1 MO AGO 54% 67%
 2 MO AGO 77% 52%
1 YR AGO 85% 76%

Keep in mind that my 13 zip codes for condos and 21 zip codes for houses, these 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 can be common (but not guaranteed) with changes in the season such as during the winter holiday season & in Nov – Mar.

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. Give special attention to the “1 Yr Ago” percentages!  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 in the county as a whole, will all catch up in due time!

TOTAL AVERAGE CHANGE OF ALL TRACKED ZIPS COMBINED

 COMPARED TO:

CONDOS

HOUSES

1 MO AGO

DWN -4%

UP +2%

 2 MO AGO

UP +4%

DWN -4%

1 YR AGO UP +15%

UP +3%

For more info on real estate issues and concerns in San Diego, click “Home” above and/or scroll down to San Diego Leading Economic Indicators, Aug 2014” and for even more info, Mom-and-Dad Banks Step Up Aid to First-Time Home Buyers

 

Cheers Again Until Next Month!  - Peg

SAN DIEGO MEDIAN CONDO PRICES BY ZIP CODE, SEPT 2014

Greetings All,

The latest data for median SOLD condo & townhouse prices in 13 different San Diego zip codes during the month of Sept, 2014 show:

  • Compared to 1 mo ago, 54% 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 zip codes was -4%. The most reliable and notable of these was Hillcrest/Mission Hills with a 17% increase on 17 condos sold in the subject month.
  • Compared to 2 mos ago, the market value of 77% are either at a higher value or stayed essentially the same (within +/-4%) over the median values of 2 months prior. The average change over 2 mos of all zip codes was +4%. Here we have our reliable leader being Hillcrest/Mission Hills with a 30% increase on 17 condos sold and Downtown with a 23% increase on 65 condos sold. As an interesting side note, over both of the past 2 mos straight, 38% of zips have shown an increase or stayed essentially the same in market value during both prior 2 months.
  • Compared to 1 year ago, we have 85% of our zips with a median market value either higher or essentially the same (within +/-4%).  The average 1 yr change over all zip codes was +15%. In this 1 yr category, reliably leading is Hillcrest/Mission Hills with a 56% increase over market values of 1 yr ago on 17 condos sold.

TO SEE COMPLETE DETAILS FOR OUR INDIVIDUAL SAN DIEGO ZIP CODES, CLICK HERE:  SAN DIEGO MEDIAN HOME PRICES BY ZIP CODE

Summary:   The below charts give you an excellent overview of San Diego home prices by comparing the percentages of my zip codes that increased in home value for condos vs houses and also comparing the overall average change for all zips combined:

% OF TRACKED ZIPS THAT INCREASED OR HELD STEADY

COMPARED TO: CONDOS HOUSES
1 MO AGO 54% 67%
 2 MO AGO 77% 52%
1 YR AGO 85% 76%

Keep in mind that my 13 zip codes for condos and 21 zip codes for houses, these 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 can be common (but not guaranteed) with changes in the season such as during the winter holiday season & in Nov – Mar.

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. Give special attention to the “1 Yr Ago” percentages!  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 in the county as a whole, will all catch up in due time!

TOTAL AVERAGE CHANGE OF ALL TRACKED ZIPS COMBINED

 COMPARED TO:

CONDOS

HOUSES

1 MO AGO

DWN -4%

UP +2%

 2 MO AGO

UP +4%

DWN -4%

1 YR AGO UP +15%

UP +3%

For more info on real estate issues and concerns in San Diego, click “Home” above and/or scroll down to San Diego Leading Economic Indicators, Aug 2014” and for even more info, Mom-and-Dad Banks Step Up Aid to First-Time Home Buyers

 

Cheers Again Until Next Month!  - Peg

Unique Architecture Around The World – Abhaneri, Rajasthan, India

Chand Baori Stepwell - Abhaneri - Jaipur - Rajasthan India -  9th AD

Chand Baori, Step Well – Abhaneri, (near Jaipur) Rajasthan, India –  9th AD

 

courtesy of:  http://www.pinterest.com

 

Hidden San Diego – Old Mission Dam

 - Dmadeo

If you went to school in San Diego while in the fourth grade, you studied the chain of California Missions, and in particular, Mission San Diego de Alcala. The mission is the birthplace of California and its Spanish roots, and it is the link to the past. But there is a hidden part of the mission that played an important part in the establishment of the mission settlement: the Old Mission Dam.

The mission was founded in 1769 by Father Junipero Serra and its original settlement was actually at the location now known as Presidio Park, just above Old Town. But five years later, the mission was moved to its present location in Mission Valley, in part to have better access to dependable water (the San Diego River was actually a useful river back then).

The friars scouted out a location about six miles upriver as an ideal spot to construct a dam and basin, but construction wasn’t begun until 1809. Indian labor from the mission’s population was used to build the dam and flume and it was one of the most ambitious in the California mission chain.

According to archaeologist Ruth Alter, the dam was built across the head of Mission Gorge, the 244-foot long, 13-foot thick, 13-foot wide dam was constructed of stone and cement on exposed bedrock, creating a permanent reservoir behind it. Water was released through gates and spillways into a six-mile long gravity fed tile lined flume, down the gorge and Mission Valley, ending in a settling basin near the Mission. Construction was completed by 1815 and the padres had the water they needed.

The usefulness of the dam to the mission would not last very long: the missions were secularized in 1833 and by 1867, the dam was in disrepair and mostly in ruins. The remains of the dam are still in place, but the flume system is long gone.

Today, you can still visit the Old Mission Dam as part of the Mission Trails Regional Park. In fact, there is still a pool of water that is held back by the now historic structure.

The Old Mission Dam is a nationally registered historic landmark and a starting point for hikes into Oak Canyon, the East Fortuna Mountain region, or along Father Junipero Serra Trail and the San Diego River. This is an excellent area for bird watching and just relaxing. The pathway to the San Diego River is wheelchair accessible.

Father Junipero Serra Trail and the Old Mission Dam parking lot are open 8:00 a.m. to 5:00 p.m. from November 1 through March 31, and 8:00 a.m. to 7:00 p.m. from April 1 through October 31.

For directions to the Old Mission Dam, click here.

courtesy of:  http://sandiego.about.com/

Just People – South Kivu, DR Congo

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Mineral-Trade in Eastern Congo has been singled out as a source of finance for armed conflict.  Kalimbi Mine, South Kivu, DR Congo