
Today we hear from Judy Bramer, half of the duo Trisha & Judy.
I recall taking a Statistics class my first year at San Diego State and the professor told us -- you can make the data tell you anything you want ... in this case, the 92110 statistics are skewed by properties that are not in Bay Park, and include lower price point properties in Mission Valley and Point Loma. And in November, there were not any homes in Old Town or Mission Hills neighborhoods that are generally higher prices. Yes, all of these neighborhoods have 92110 as their zip code, so it takes a bit of dissection to pull out just the Bay Park-92110 numbers.
So when I pull out just Bay Park-92110 detached home sales versus Clairemont-92117 detached, here's what the numbers look like, and yes, when looking at the numbers this way, Bay Park still has higher sales prices :)
Zip Code Period # Sold Average $ Median $
92110 November 2014 9 $577,000 $596,000
92110 2014 Year to Date 80 $688,290 $674,000
92117 November 2014 31 $566,870 $545,000
92117 2014 Year to Date 403 $540,951 $520,000
Keep in mind that many on-line real estate valuation programs, use only the average, and don't take into consideration other factors, such as location (busy street vs. canyon), view (water or neighbor's back yard), condition (recent remodel vs. fixer) or other factors that should be considered in valuing your home. Do not rely solely on the the on-line real estate estimate/valuation programs.
When an owner needs to know the value of their home, it's time to call in an expert REALTOR who can take into consideration all of the data and factors for a true picture of your home's value.
Trisha & Judy have more than 30 years of real estate experience, hundreds of Clairemont and Bay Park homes sold, and many, many happy clients. Thinking of selling, or need to know the value of your home? Give Trisha & Judy a call for a free market valuation today.
Trisha & Judy have more than 30 years of real estate experience, hundreds of Clairemont and Bay Park homes sold, and many, many happy clients. Thinking of selling, or need to know the value of your home? Give Trisha & Judy a call for a free market valuation today.
Tomorrow we will hear from Janett Lewis McWilliams of Gold List Properties.
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