Posts Tagged ‘implications’

Key Shifts In San Diego County Demographic Patterns – Real Estate Implications

On August 15, 2006, the US Census Bureau unrestricted its annual statistics for innumerable communities. The data for San Diego County revealed some significant shifts from 2000 to 2005 in terms of the total population in San Diego, the percentage of males to females, percentage of people at innumerable ages, and the racial arrangement of the County.

POPULATION SHIFTS

Total Population = 2,813,833 (CY 2000) vs. 2,824,259 (CY 2005) = 0.4% increase

Of the total population, there were shifts in the percentage of males to females.

Males = 1,415,097 (CY 2000) vs. 1,400,199 (CY 2005) = 1.1% decline.

Females = 1,398,736 (CY 2000) vs. 1,424,060 (CY 2005) = 1.8% increase.

AGE CHANGES

The percentage of people at innumerable age also changed during this time period.

Median Age = 33.2 years (CY 2000) vs. 34.4 years (CY 2005) = 3.6% increase.

Population Under 5 Years of Age = 198,621 (CY 2000) vs. 221,575 (CY 2005) = 11.6% increase.

Population Under 18 Years of Age = 2,090,172 (CY 2000) vs. 2,067,282 (CY 2005) = 1.1% decline.

Population 65 or Older = 313,750 (CY 2000) vs. 310,836 (CY 2005) = 0.9% decline.

RACIAL COMPOSITION

Of individuals who certain themselves as belonging to one-race, the following statistics were provided:

Total Number of “One-Race” Individuals = 2,681,866 (CY 2000) vs. 2,730,721 (CY 2005) = 1.8% increase.

Individuals who certain themselves as belonging to one-race, were additional categorized as follows:

White = 1,871,839 (CY 2000) vs. 1,927,166 (CY 2005) = 3% increase.

Black or African American = 161,480 (CY 2000) vs. 140,181 (CY 2005) = 13.2% decrease.

American Indian and Alaska Native = 24,337 (CY 2000) vs. 19,902 (CY 2005) = 18.2% decrease

Asian = 249,802 (CY 2000) vs. 295,926 (CY 2005) = 18.5% increase

Native Hawaiian and Other Pacific Islander = 13,561 (CY 2000) vs. 12,704 (CY 2005) = 6.3% decline.

Other Race = 360,847 (CY 2000) vs. 334,842 (CY 2005) = 7.2% decline.

Of those individuals who certain themselves as belonging to “two-races”, the following statistics were provided:

Total, Two -Race Individuals = 131,967 (CY 2000) vs. 93,538 (CY 2005) = 29.1% decline.

Hispanic or Latino (of any race) = 750,965 (CY 2000) vs. 843,901 (CY 2005) = 12.4% increase.

SHIFTS IN HOUSEHOLD CHARACTERISTICS

Total Household Population = 2,716,820 (CY 2000) vs. 2,824,259 (CY 2005) = 4% increase.

Mean Household Size = 2.73 (CY 2000) vs. 2.71 (CY 2005) = 0.7% decrease.

Mean family size = 3.29 (CY 2000) vs. 3.33 (CY 2005) = 1.2% increase.

IMPLICATIONS FOR SAN DIEGO REAL ESTATE

If you are interested in buying San Diego real estate, homes, condos or townhouses for sale, then the above information may be useful to you. The information above can help you know demographic and population shifts that impact supply, demand, and price of real estate and homes for sale in San Diego.

San Diego is one of the most well loved areas in the Country because of its moderate climate. In fact, the year-around mean weather in San Diego is around 70 degrees Fahrenheit.

San Diego real estate is also well loved because of its proximity to the Pacific Ocean, mountains and the US-Mexico border. Bordered by Orange County and Riverside County to the north, and the Mexico to the south, San Diego real estate has hundreds of beachfront properties for sale.

San Diego is the sixth most populated County in the Nation. With this many people, buying real estate in San Diego can be a competitive process depending on the supply and demand of real estate and homes for sale at a particular time.

Even as appeal rates are still relatively low and supply relatively high, buyers at this time may find San Diego real estate a excellent value.

Those who hold San Diego real estate delight in year-around perfect weather, simple access to the Mexico border, a thriving job market, and the pleasures of living accurate to an ocean.

Whether you are interested in boating, fishing, golfing, tennis or other leisure activities, residents and visitors who own San Diego real estate have access to all these activities and more.

Please visit the Census Bureau’s web site for detailed demographic information about San Diego County. The Census Bureau provides key statistics for innumerable communities in its annual American Community Survey (ACS) report.

My parents own a leasing house that they rent out. 2 years ago there was an ancient self who rented with younger family members. The ancient self fell down the stairs and was injured. That family is now suing my parents. The lawsuit will not be settled for at least another 2 years. If my parents try to sell the house before this is resolved, what are the implications for the new buyer of the property with accept to the lawsuit and with accept to the new buyer getting insurance. Will the lawsuit stay on the house or stay on my parents only? Will the new buyer be able to get insurance or will they face restrictions?