SAN DIEGO MEDIAN HOUSE PRICES BY ZIP CODE, DEC 2014

Greetings All,

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

  • Compared to 1 mo ago, 48% 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%. Most reliable and notable of the increases was Bay Park/Old Town with a 44% increase on 8 houses sold in the subject month.
  • Compared to 2 mos ago, the market value of 62% 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 Point Loma with a 21% increase on 16 houses 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 95% with a median market value either higher or essentially the same (within +/-4%).  The average 1 yr change over all zip codes was +7%. In this 1 yr category, reliably leading is Point Loma with a 23% increase over market values of 1 yr ago on 16 houses 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 62% 48%
 2 MO AGO 46% 62%
1 YR AGO 92% 95%

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 -3%

DWN -4%

 2 MO AGO

DWN -1%

DWN -4%

1 YR AGO UP +15%

UP +7%

For more info on real estate issues and concerns in San Diego, click “Home” above and/or scroll down to “San Diego: No 1. Pleasant Place to Live in USA and for even more info, “The Difference Between Traditional and FHA Mortgage Loans”

 

Cheers Again Until Next Month!  Peg

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