Home Buying in 92104>Question Details

Dorothy Schm…, Home Buyer in San Diego, CA

are housing prices on the rise in San Diego in the the 92104 area code?

Asked by Dorothy Schmidt, San Diego, CA Tue May 1, 2012

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14
Hi Dorothy,

You'll find that the average price per square foot for homes in 92104 was $410 in the most recent quarter, which is higher than the average price per square foot for homes in San Diego. If you want to compare listings, check this: http://www.reefpointrealty.com/communities/san-diego

Let me know if you have questions, I'd love to hear from you

All the best,

John Reeves
http://www.reefpointrealty.com
858-521-9350
0 votes Thank Flag Link Mon Aug 5, 2013
Does a bear poop in the woods?
0 votes Thank Flag Link Sun Aug 4, 2013
In many cases seller's are reluctant to over price listings while the market is still finding it's legs, so the market forces presently are such that prices are being bid up and homes are selling at a higher percentage as relates to their listing price, and there are more incidences of homes selling for over asking price, especially when there are multiple bidders involved.

http://www.sandiegolistingsearch.com/

Call - happy to help anytime 858-222-4321 x 7
0 votes Thank Flag Link Wed Jun 13, 2012
To separate fact from opinion you would have to have someone pull the median price in that specific zip code in April of 2011 vs. April of 2012. You could also check what the month-to-month rise has been and if the trend is up.
0 votes Thank Flag Link Wed May 2, 2012
Prices are falling still.
0 votes Thank Flag Link Tue May 1, 2012
Hi Dorothy,

Many parts of the county are seeing prices go up a little. The closer to the park, the stronger values will be, but North park has always been desirable as far as San Diego neighborhoods go. You'll find lower prices right near the 805 and to the east of it. I've seen multiple offer situations for the last few years on the lowest priced properties, no matter where they were.

Let me know if you have any other questions at all.

Warm Regards,

Cory La Scala, REALTOR
Independence Realty
619-825-6421
0 votes Thank Flag Link Tue May 1, 2012
I have to agree with the agents....however, thanks to the current stability of rates, financing remains favorable. It is only a matter of time before BOTH housig prices and rates go up. At that point,m people will be looking bakc at 2012 as the year they should have bought. I don't have the same opinion for all areas of Calfornia; however, San Diego County will always be one of the most desirable areas of the country so it is understandable that our market would improve faster.
0 votes Thank Flag Link Tue May 1, 2012
Yes, I do believe that prices are on the rise in North Park as in many other areas of San Diego. This is due, to a significant degree, to a housing shortage in the central parts of town.

There has been almost nothing to buy, and many homes sell the first day they are on the market.

Simple supply and demand.
0 votes Thank Flag Link Tue May 1, 2012
Hello Dorothy,

Here is a link to for all the local communites of San Diego that shows our market statistics.

I hope this helps. http://www.sdar.com/media/CurrentStats.pdf

Denise Gleavey
Coldwell Banker
DRE Lic # 00999259
858-565-7777
Denise@IHandleRE4U.com
http://WWW.IHandleRE4U.com
Serving buyers and sellers since 1988
0 votes Thank Flag Link Tue May 1, 2012
Hi Dorothy,

I sold a house in North Park Last year in December,2011.I sold it for 560,000.00. Now the property value is worth 605,000.00.So yes the housing prices are on the rise for zip code 92104. Contact me if you have any questions, I will be happy to assist you.

Sincerely and always my best,

Michael Alex
REAL ESTATE CONSULTANT
cell. 619.581.9348 | fax. 619.521.0100
email. AskMichaelAlex@prusd.com
2365 Northside Dr Suite #200
San Diego, CA 92108
0 votes Thank Flag Link Tue May 1, 2012
Hi Dorothy,
I would say so. I just sold a home in North Park last month and I believe my clients walked into some significant equity. Feel free to contact me if you are looking to buy or sell in North Park.

Thank you!
Sinead McAllister
Broker
McAllister Homes Real Estate
858-205-5215
brokermcallister@gmail.com
0 votes Thank Flag Link Tue May 1, 2012
Although prices in Del Mar did decline, it remains a strong real estate market. There are still some very good pricing and opportunities. We are seeing this dwindle along with inventory. As of today, there are 102 active single family homes on the market with prices ranging from $729,000 to $43, 899,000. 5 homes are contingent awaiting short sale approval, 30 homes are in escrow and since January 1, 2012, 44 homes have sold with an average sales price of $1,678,604. Although no one can predict where prices will go, the signs are pointing to a recovering market area.....Hope that helps..

Maria Weiss
Prudential CA Realty
3790 Via de la Valle
Del Mar, CA 92014
858-248-0863
Web Reference: http://www.mariaweiss.com
0 votes Thank Flag Link Tue May 1, 2012
Dorothy,
Prices are rising all over San Diego. 92104 is a large area but it is very desirable and therefore prices are increasing there as well. I tell my clients not to expect any dramatic rises in prices the next few years but over 5=10 years there should be good appreciation and most properties that you buy today using the historically low interest rates will seem like a bargain in my opinion.
If you would like to explore your options in this area please let me know.

I am never too busy for your referrals

Jerry Heard
Your Broker
The San Diego Property Shop
http://www.TheSanDiegoPropertyShop.com
jerry.sdps@cox.net
Direct 619-920-9796
Office 619-269-5545
Fax 619-269-9168
CA DRE # 00648687
0 votes Thank Flag Link Tue May 1, 2012
I believe that house prices are on the rise everywhere in San Diego County as evidenced by neighboring coastal counties being priced substantially higher than San Diego County. In 92104 however, you have a community that has not dropped in value as much as other more blue collar neighborhoods; therfore, your appreciation will not be as great or as fast. Still, a purchase in 92104 now at fair market value would probably be a steal in a year from now. Economists are predicting 2013 to be a growth year for real estate prices and that 2012 is the bottom. Again, everythin is regional ....
David Dukes daviddukes@hotmail.com 619-788-7388
0 votes Thank Flag Link Tue May 1, 2012
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