San Diego Sold Price Per Square Foot (PPSF) (La Mesa, August: real estate, condos)

[someguy10]

This forum gets a ton of questions of prices in the San Diego area. Typically, the closer a place is to something desirable, the more expensive it is. In the case of San Diego, the two places typically most desirable are 1) the ocean and 2) jobs/downtown. So if you make downtown on the coast the starting point, housing tends to get cheaper as you move north (away from downtown) and east (away from the ocean).


This is the average SOLD price per square foot by ZIP code using the most recent data I have easy and public access to. Source: Zillow Research.

[GSR13]

La Mesa is quite the bargain based on that map.

[RosieSD]

Great map, someguy. Thanks for pulling that together. It really is a good snapshot of the county.

Just to clarify: what's the time period on the data you used? Is it homes sold in the last month, or the last six months, or...?

[someguy10]

Originally Posted by RosieSD

Great map, someguy. Thanks for pulling that together. It really is a good snapshot of the county.

Just to clarify: what's the time period on the data you used? Is it homes sold in the last month, or the last six months, or...?

Thanks.

It was the average price per square foot of homes sold that month by ZIP code. I looked at a rolling 3 and 6 month and didn't see any notable differences. Unfortunately, the latest public release of this data set is roughly a year old. That said, I think it still support my point about closer to coast and closer to downtown being the most expensive.

[tstieber]

Great map. Of course, with these being based on zip codes, there can be outliers in each area. For example, there are condos downtown and homes along the coast going for more than $1,000 a square foot, but those are averaged into the numbers. Similarly, as someone mentioned La Mesa being a bargain, most of it is, but some of the old historic neighborhoods near downtown might be a little higher than the average. So you could find him this down even more by little neighborhoods but then it starts getting insane.

[someguy10]

Here is using median Zillow Home Value Index with newer data from August 2017 and with ZIP codes showing. Middle point on the color is 550K; ie anything in the red spectrum is above the county median of 550K and anything blue is below.

[someguy10]

And for S&G, here's Median Price for a 3 BR SFH as of 2017/08. I've set the red/blue midpoint at $550K. Atherton in Bay Area takes the crown at over $5mm.

[GSR13]

Originally Posted by tstieber

Great map. Of course, with these being based on zip codes, there can be outliers in each area. For example, there are condos downtown and homes along the coast going for more than $1,000 a square foot, but those are averaged into the numbers. Similarly, as someone mentioned La Mesa being a bargain, most of it is, but some of the old historic neighborhoods near downtown might be a little higher than the average. So you could find him this down even more by little neighborhoods but then it starts getting insane.

"So you could fine tune this down even more by little neighborhoods but then it starts getting insane"

I think this is what tstieber meant to say. Funny how old-school flip phones never have auto-correct or small-button issues unlike "smart" phones.

But yeah, older/historic neighborhoods will have greater ppsf zip code variation than newer neighborhoods.

[tstieber]

Originally Posted by GSR13

"So you could fine tune this down even more by little neighborhoods but then it starts getting insane"

I think this is what tstieber meant to say. Funny how old-school flip phones never have auto-correct or small-button issues unlike "smart" phones.

But yeah, older/historic neighborhoods will have greater ppsf zip code variation than newer neighborhoods.

Whoops, yeah, definitely what I meant to say. Smart phone auto correct is wrong often, but with a flip phone, it would have taken thirty minutes to type what took thirty seconds to dictate. So we pick our battles.

[someguy10]

Originally Posted by GSR13

"So you could fine tune this down even more by little neighborhoods but then it starts getting insane"

I think this is what tstieber meant to say. Funny how old-school flip phones never have auto-correct or small-button issues unlike "smart" phones.

But yeah, older/historic neighborhoods will have greater ppsf zip code variation than newer neighborhoods.

Of course, especially in places like San Diego where you'll have $500K teardowns in older neighborhoods. Also, in largish enclaves of very high prices like RSF. But my overall point was that in general there are "points of desire" and real estate prices will drop as you move away from the point(s). In San Diego, two obvious points are downtown (jobs) and the coast (ocean/beach).