Tag Archives: Data Quick

Housing Distress Dropping or Hiding & Could be Scarier than Halloween?

San Diego-based Data Quick said last Tuesday that Foreclosure Starts or properties entering the foreclosure process are at the lowest point since 2006. See the article-(Click here

The question is, how valid is this statement? Or is this just a preliminary report, “hiding” the fact that there is still plenty of underwater property being led to the slaughter by the nation’s lenders, albeit in a timely manner so as not to disrupt the housing recovery?

It does make sense that lower unemployment & Real Estate Inventory causing rising values, then mortgage servicers and lenders bending over backwards to keep homeowners in their homes that these numbers are falling to record lows; however the flood waters being held by the dam do continue to swirl, albeit a lot of nervous homeowners wondering what will happen or do next.

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Current San Diego Home Prices

San Diego County home prices rose again in September, holding onto a four-year high. Here’s a closer look at the ZIP codes that saw the biggest price jumps when comparing total sales in September 2011 to sales last month.

Rank Neighborhood ZIP code Sold ’11 Sold ’12 Sold Pct Chg Med ’11 Med ’12 Med Pct Chg
1 Del Mar 92014 21 17 -19.0% $875,000 $1,554,500 77.7%
2 Golden Hill 92102 24 19 -20.8% $146,250 $216,000 47.7%
3 College 92115 47 52 10.6% $212,000 $311,250 46.8%
4 Logan Hts 92113 16 18 12.5% $160,000 $230,000 43.8%
5 Escondido S 92025 34 39 14.7% $234,750 $330,000 40.6%
6 Kensington Normal Hts 92116 30 21 -30.0% $302,500 $420,000 38.8%
7 Imperial Beach 91932 12 19 58.3% $162,500 $223,000 37.2%
8 Oceanside N 92057 78 82 5.1% $258,500 $340,000 31.5%
9 San Carlos 92119 27 25 -7.4% $305,000 $400,000 31.1%
10 Alpine 91901 22 26 18.2% $309,000 $402,000 30.1%
11 Allied Gardens Del Cerro 92120 35 33 -5.7% $350,000 $450,000 28.6%
12 La Mesa Grossmont 91942 49 38 -22.4% $260,000 $330,000 26.9%
13 North Park 92104 41 26 -36.6% $283,500 $356,000 25.6%
14 Escondido E 92027 53 38 -28.3% $252,000 $312,750 24.1%
15 Morena 92110 30 28 -6.7% $261,000 $322,500 23.6%
16 Paradise Hills 92139 24 33 37.5% $220,000 $267,500 21.6%
17 Vista W 92083 20 36 80.0% $240,000 $291,500 21.5%
18 City Heights 92105 44 30 -31.8% $185,000 $225,000 2.0%
19 La Mesa Mt. Helix 91941 28 39 39.3% $360,000 $435,000 20.8%
20 El Cajon 92019 45 49 8.9% $255,000 $306,000 20.0%

Source: DataQuick

Read this article in full at SignonSanDiego.com: “Home prices hottest in these 20 ZIP codes (September)”.

Local pending home sales up 12.3%

Local pending home sales up 12.3%

San Diego nearly same as April,state up for 12th straight month

pending sales“San Diego County pending home sales rose 12.3 percent in April from year-ago levels as completed sales nationally increased nearly as much.

The chief economist for the National Association of Realtors, Lawrence Yun, interpreted the results as indicative of demand extending beyond the investor community looking for bargains in the still-depressed housing market.

“A return of normal home buying for occupancy is helping home sales across all price points, and now the recovery appears to be extending to home prices,” Yun said.

The San Diego Association of Realtors said there were 5,697 pending sales as of Tuesday, up slightly from 5,654 a month ago and up 12.3 percent from 5,075 a year ago…”

Read the rest of this article by the Union Tribune, San Diego here: “Local pending home sales up 12.3%“.

San Diego home sales up 5% in January

San Diego County home prices remained flat in January but total sales rose, show the latest DataQuick figures released Wednesday morning.

The median price of all homes sold in the county last month was $305,000, 0.3 percent higher than a year ago. When comparing January to December, values fell 3.2 percent.

Total sales — which include single-family resales, condos and new homes — rose in January to 2,358, or 5 percent higher from January 2011. Sales fell almost 29 percent month-over-month, a natural decrease from December to January because of the holiday season.

How did each housing category fare in January? Read more of the article on U~T San Diego’s site.

Read this article in full by U~T San Diego: “SD home sales up 5% in Jan., prices flat“.