Top 5 Best Selling Zip Codes In San Diego, California.
Hill: --+180% ---Low Number of Sales 20 --------Current Sales
Prices have lingered in the $100,000 range in this area for the past
two years until the most recent quarter when they broke back into the
$200,000 region. Still, like many areas in this price range, it has
been an attractive destination for cash and investor buyers, who lately
have made up a larger than normal portion of total buyers in San
La Mesa, Grossmont: +173% Low Number of Sales
33 -- Current Sales 99
Sales in this area began to pick up in late 2008, when prices began
their decline. Values fell from $329,250 in one quarter to $300,000 the
next quarter: that decline continued into the $200,00 range---again a
ripe price for cash buyers.
Logan Heights: +147% Low Number
of Sales 17 ------ Current
This neighborhoods trough for sales fell to its lowest point in early
2008 but the bounce back was swift. Within a quarter homes sales soared
to 74. The area's central location, presence of bank-owned homes and
more affordable inventory have all been factors contributing to the
selling power of homes.
Bonita: +133% Low Number of Sales 18
-------Current Sales 42
This was among five areas that recorded tis sales trough in early
2008, when prices began to slip and the county's housing conditions
were in their worst shape. Sales here gradually priced up and have
remained in the 40 to 60 range for the past two years. Also noteworthy:
Bonita's prices have fallen drastically from the start of the current
housing market in 2005 to now. The median price dropped from $617,000
in the first quarter of 2005 to $372,500 in the first quarter of 2012,
nearly a 40 % drop.
Center: +130% Low Number of Sales 20 ---------Current Sales
This area's prices continue to be depressed, contributing to why it
might be seeing one of the biggest bounce backs in sales in the county.
The median price in the first quarter of 2012 was $334,000 the lowest
that prices have been in this neighborhood since the start of 2005
which marks the beginning of the current housing cycle. Back then the
median price was $760,000. This marks a 56 % decline in home values.
of : Crescent
Moon Realty, Inc.
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