Tag Archives: San Diego home prices

San Diego home appreciation leads U.S.

urban real estate prices, most live in suburbsGood news for the San Diego real estate market: prices have risen!

According to the S&P/Case-Shiller Home Price Index released on Tuesday, from January to February, “prices on the index rose Continue reading

Foreclosures drop in San Diego county

Foreclosures are low because of home price appreciation.

understanding foreclosuresAccording to U-T San Diego, “Large gains in annual home price appreciation have continued to help keep the number of foreclosures in San Diego County at pre-Great Recession levels.”

Per DataQuick, within the month of February 2014, 141 properties were repossessed by banks in San Diego county — which is down from the 252 foreclosures a year ago. It’s also the lowest amount of February foreclosures since 2006 (when only 40 properties were repossessed by banks). Continue reading

San Diego ended 2013 with home values up

housing market trendWhile the real estate prices in San Diego might have slowed down the end of 2013, prices for the year overall still went up, according to the S&P/Case-Shiller Home Price Index.

From December 2012 to the end of 2013, San Diego real estate values increased 18 percent. The highest peak was in August, when values hit 21.5 percent. Continue reading

Values Are Soaring Again in San Diego

home prices up in real estateWith the property tax hike for 2014 predicted to be “tiny” because of low inflation, that means a 0.45 percent increase, the county assessor said. It appears to me that this is a very conservative postulate. This is actually a good thing, because everyone’s tax bill will remain below increasing values.

Inventory continues to be low, with 6,228 active listings last December 2013, which is down about 620 from November, but up from the 4,636 listed in December 2012. That said, inventory or supply will Continue reading

San Diego home prices up 10%

housing market trendAccording to the S&P/Case-Shiller Home Price Index published on Tuesday, San Diego home prices are going up. Inventory is fairly low, while demand is increasing.

In February, San Diego county home prices went up by 10% from a year ago (February 2012). This 10% increase hasn’t been a big jump, but rather a gradual increase over the past eight months.

A good article on this topic can be found at U-T San Diego: “Welcome home! Prices rose 10 percent”.

The Case-Shiller report can be viewed here.

Home prices up 10% from year ago

Local January home prices are up nearly 10 percent from the same time a year ago, the latest S&P/Case-Shiller Home Price Index shows. That marks the seventh straight month of year-over-year increases. It also was the highest year-over-year jump since June 2010.

Home values essentially stayed flat from December to January, falling 0.6 percent, according to the leading real estate indicator…

…When looking at all 20 areas, residential prices have gone up 8.1 percent from a year ago, the largest year-over-year increase since June 2006, or “since the housing bubble burst,” said David M. Blitzer, chairman of the index committee at S&P Dow Jones Indices.

“Economic data continues to support the housing recovery,” Blitzer said. “Single-family home building permits and housing starts posted double-digit year-over-year increases in February 2013.

“Despite a slight uptick in foreclosure filings,” he added. “Numbers are still down 25 percent year-over-year. Steady employment and low borrowing rates pushed inventories down to their lowest post-recession levels…”

Read the rest of this article by U-T San Diego here: Home prices up 10% from year ago.

Home prices in San Diego up 9%

San Diego home prices ended 2012 with a bang, mirroring a trend seen in other major U.S. metro areas.

The price of a local home sold in December rose 9 percent from the same time a year ago, based on the S&P/Case-Shiller home price report released on Tuesday. That boost is the highest year-ago increase for any given month since July 2010. Values have risen 11 straight months, Case-Shiller data show…

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…What’s behind the uptick?

In San Diego, rising sales and a smaller inventory of available homes are driving up price.

Inventory here is near a 52-month low, with about 4,200 active home listings in the county, according to numbers from the San Diego Association of Realtors…

Read more of this article by U~T San Diego here: San Diego home prices up 9%

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)”.