Thursday, January 10, 2013

San Diego, CA 92117 Housing Statistics (01/04/2013)

The median $/Sqft changed 7.5% over the past year indicating an 'increasing' property values trend. There are currently 1.02 months of housing inventory indicating a demand/supply trend of 'shortage'. The median market exposure over the past 30 days was 13.5 days. Based on recent-past market exposure times, I anticipate that the typical/median marketing time will be under 3 months over the coming 90 days.
The San Diego zip code of 92117 includes a mix of property types, with most being residential, schools, parks, or commercial. While a wider range of living areas are present, most properties range in living area size from 1,007 Sqft to 1,983 Sqft, with the most common being approximately 1,500 Sqft. Most properties range in year built from 1953 to 1970 with the most common year built being 1960. Views are present in the neighborhood and Realtors report that 67% of all properties have them. The views include: bay, city, evening lights, golf course, greenbelt, lagoon/estuary, lake/river, mountain/hills, ocean, and panoramic. Public and private services, conveniences, and employment are typical of population centers throughout the county.
Brian Ward
San Diego, CA Real Estate Appraiser
(619) 630-9273