Some San Diego Zipcodes Go UP in Value

Look at that! According to the Union-Tribune, some San Diego zip codes are actually going UP in value.

San Diego County housing prices may have tanked in 2008, but there was a wide variation among neighborhoods, MDA DataQuick figures show. Some areas had median prices that were nearly 50 percent less than in 2007, but a lucky few actually showed price increases...like Solana Beach, downtown, Rancho Santa Fe and University City.

The bottom line, according to DataQuick analyst Andrew LePage, is that the neighborhoods with large price declines were fueled by a preponderance of low-cost foreclosure sales. By contrast, those areas with relatively few foreclosures suffered fewer, if any, price drops.

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