Posts Tagged ‘Market’

Alpine, San Diego, Real Estate Market Trends and Community Information, August 2006

COMMUNITY INFORMATION

Alpine is a community situated in the eastern region of San Diego County within the disorder of California. There are approximately 19,227 residents in this Zip code (91901) and 6,597 households. The median age of residents is 38.92 years.

TEMPERATURE

The temperature in Alpine is relatively moderate. The warmest time of year occurs in August during which temperatures reach an mean high of 76°F. The coldest time of year occurs in January with mean temperatures diminishing to 54°F.

HOME AND REAL ESTATE PRICES

The housing options in Alpine include single-family homes and properties, condominiums, townhouses, and apartments. The price of housing is as follows:

·One bedroom townhouse/condominium start in the low 0,000s.

·Two bedroom townhouse/condominium start in the low 0,000s.

·Three bedroom townhouse/condominium start in the mid 0,000s.

·Two bedroom single-family homes start in the mid 0,000s.

·Three bedroom single-family homes start in the mid 0,000s.

·Four bedroom single-family homes start in the high 0,000s.

REAL ESTATE MARKET TRENDS

As with most products and services in the United States, price shifts in the real estate diligence are subject to the forces of supply and demand. Whether it’s a buyers market or a seller’s market, it is useful to evaluate home sales data for the most recent month unfilled (June 2006), compared against the same period in the previous year (June 2005).

The median price of single-family homes in June 2006 was 7,500, which represents a 10.2% decline from the previous year. The number of homes sold in June 2006 was 17, which was down 37% from the previous year.

Homebuyers and home sellers should keep in mind that the data above is simply a snapshot in time. Therefore, the data must be evaluated over a longer duration to know enduring market trends.

Bonita, San Diego, Real Estate Market Trends and Community Information, August 2006

COMMUNITY INFORMATION

Bonita is situated in the southern region of San Diego County within the disorder of California. There are approximately 18,396 residents in this Zip code (91902) and 5,986 households. The median age of residents is 40.45 years.

TEMPERATURE

The temperature in Bonita is relatively moderate. The warmest time of year occurs in July during which temperatures reach an mean high of 70°F. The coldest time of year occurs in January with mean temperatures diminishing to 57° F.

HOME AND REAL ESTATE PRICES

The housing options in Bonita include single-family homes and properties, condominiums, townhouses, and apartments. The price of housing is as follows:

·One bedroom townhouse/condominium start in the mid 0,000s.

·Two bedroom townhouse/condominium start in the low 0,000s.

·Three bedroom townhouse/condominium start in the low 0,000s.

·Two bedroom single-family homes start in the high 0,000s.

·Three bedroom single-family homes start in the mid 0,000s.

·Four bedroom single-family homes start in the low 0,000s.

REAL ESTATE MARKET TRENDS

As with most products and services in the United States, price shifts in the real estate diligence are subject to the forces of supply and demand. Whether it’s a buyers market or a seller’s market, it is useful to evaluate home sales data for the most recent month unfilled (June 2006), compared against the same period in the previous year (June 2005).

The median price of single-family homes dropped from 9,990 in June 2005 to 2,500 in June 2006, which represents a 7.9% decline. But, more homes sold in June 2006 (20 homes) than in June 2005 (7 homes). The mean time to sell a home increased slightly from 68 days in June 2005 to 69 days in June 2006. The ratio between the asking price to the sales price increased over the past 12 months. On mean, sellers obtained 93.6% of their asking price in June 2005, and 94.5% of their asking price in June 2006.

Homebuyers and home sellers should keep in mind that the data above is simply a snapshot in time. Therefore, the data must be evaluated over a longer duration to know enduring market trends.

Carlsbad, San Diego, Real Estate Market Trends and Community Information, August 2006

COMMUNITY INFORMATION

Carlsbad is situated in the northern coastal part of San Diego County within the disorder of California. There are approximately 87,540 residents in this community and 34,052 households. The median age of residents is 38.89 years.

TEMPERATURE

The temperature in Carlsbad is relatively moderate. The warmest time of year occurs in July during which temperatures reach an mean high of 69. The coldest time of year occurs in December with mean temperatures diminishing to 55F.

HOME AND REAL ESTATE PRICES

The housing options in Carlsbad include single-family homes and properties, condominiums, townhouses, and apartments. The price of housing is as follows:

·One bedroom townhouse/condominium start in the mid 0,000s.

·Two bedroom townhouse/condominium start in the high 0,000s.

·Three bedroom townhouse/condominium start in the high 0,000s.

·Two bedroom single-family homes start in the mid 0,000s.

·Three bedroom single-family homes start in the high 0,000s.

·Four bedroom single-family homes start in the mid 0,000s.

REAL ESTATE MARKET TRENDS

As with most products and services in the United States, price shifts in the real estate diligence are subject to the forces of supply and demand. Whether it’s a buyers market or a seller’s market, it is useful to evaluate home sales data for the most recent month unfilled (June 2006), compared against the same period in the previous year (June 2005).

The median price of single-family homes dropped from 3,900 in June 2005 to 9,900 in June 2006, which represents a 4.3% decline. Fewer more homes sold in June 2006 (49 homes) than in June 2005 (95 homes). The mean time to sell a home increased from 39 days in June 2005 to 58 days in June 2006.

The median price of condominiums and townhomes decreased from 1,000 in June 2005 to 4,500 in June 2006, which represents a 9.7% decline. Fewer units sold in June 2006 (36 units) than in June 2005 (84 units). The mean time to sell a unit increased from 43 days in June 2005 to 58 days in June 2006.

Homebuyers and home sellers should keep in mind that the data above is simply a snapshot in time. Therefore, the data must be evaluated over a longer duration to know enduring market trends.

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Carmel Valley, San Diego, Real Estate Market Trends, School & Community Information, August 2006

COMMUNITY INFORMATION

Carmel Valley is a master-plotted community located in northern San Diego County within the disorder of California. The community of Carmel Valley within San Diego is not to be baffled with the Carmel Valley region in Northern California.

Carmel Valley lies within the 92130 Zip Code. There are approximately 34,471 residents in this Zip code and 12,387 households. The median age of the population is 35.16 years.

TEMPERATURE

The temperature in Carmel Valley is relatively moderate. The warmest time of year occurs in August during which temperatures reach an mean high of 72°F. The coldest time of year occurs in December with mean temperatures diminishing to 56° F.

HOME AND REAL ESTATE PRICES

The housing options in Carmel Valley include single-family homes and properties, condominiums, townhouses, and apartments. The price of housing is as follows:

·One bedroom townhouse / condo starts in the high 0,000s

·Two bedroom townhouse / condo starts in the high 0,000s.

·Three bedroom townhouse / condo starts in the low 0,000s

·Three bedroom single-family house starts in high 0,000s

·Four bedroom single-family home starts in low 0,000s

REAL ESTATE MARKET TRENDS

As with most products and services in the United States, price shifts in the real estate diligence are subject to the forces of supply and demand. Whether it’s a buyers market or a seller’s market, it is useful to evaluate home sales data for the most recent month unfilled (June 2006), compared against the same period in the previous year (June 2005).

The median price of single-family homes reached ,080,000 in June 2006, which was a 13.74% increase over June 2005. In contrast, the median price of condominiums and townhomes decreased to 0,000, which was a 7.2 decline from the year before.

Homebuyers and home sellers should keep in mind that the data above is simply a snapshot in time. Therefore, the data must be evaluated over a longer duration to know enduring market trends.

SCHOOL INFORMATION

There are two School Districts that serve residents of Carmel Valley. The Solana Beach School District covers the elementary schools in the northern part of Carmel Valley, and the Del Mar Union School District covers the southern region.

Students in Carmel Valley schools undergo annual hard to evaluate their academic performance. The results of these tests are collective by the California Department of Education into a composite score known as the Academic Performance Index (API), which has a array of 200 to 1000. The statewide goal for schools is to achieve a score of 800 or above.

Based on the most recent data unfilled as of July 31, 2006, the highest-ranking elementary school in the Carmel Valley area was Sage Canyon Elementary (API = 963), followed by Torrey Hills School (API=950), Carmel Creek Elementary

(API=946), Solana Pacific Elementary (API=945), Ashley Falls Elementary (API=943), and Carmel Del Mar Elementary (API=917). Carmel Valley Middle School earned an API of 931. For high schools, Canyon Crest Institution had an API=842, and Torrey Pine High had an API =821.

Chula Vista, San Diego, Real Estate Market Trends and Community Information, August 2006

COMMUNITY INFORMATION

Chula Vista is situated in the southern region of San Diego County within the disorder of California. There are approximately 194,939 residents in this community and 62,394 households. The median age of residents is 32.89 years.

TEMPERATURE

The temperature in Chula Vista is relatively moderate. The warmest time of year occurs in August during which temperatures reach an mean high of 72°F. The coldest time of year occurs in December with mean temperatures diminishing to 57°F.

HOME AND REAL ESTATE PRICES

The housing options in Chula Vista include single-family homes and properties, condominiums, townhouses, and apartments. The price of housing is as follows:

·One bedroom townhouse/condominium start in the high 0,000s.

·Two bedroom townhouse/condominium start in the high 0,000s.

·Three bedroom townhouse/condominium start in the mid 0,000s.

·Two bedroom single-family homes start in the high 0,000s.

·Three bedroom single-family homes start in the low 0,000s.

·Four bedroom single-family homes start in the high0,000s.

REAL ESTATE MARKET TRENDS

As with most products and services in the United States, price shifts in the real estate diligence are subject to the forces of supply and demand. Whether it’s a buyers market or a seller’s market, it is useful to evaluate home sales data for the most recent month unfilled (June 2006), compared against the same period in the previous year (June 2005).

The median price of single-family homes dropped from 0,000 in June 2005 to 5,000 in June 2006, which represents a 2.5% decline. Fewer more homes sold in June 2006 (127 homes) than in June 2005 (171 homes). The mean time to sell a home increased from 47 days in June 2005 to 66 days in June 2006.

The median price of condominiums and townhomes decreased slightly from 2,250 in June 2005 to 2,000 in June 2006, which represents a .1% decline. Fewer units sold in June 2006 (46 units) than in June 2005 (80 units). The mean time to sell a unit increased from 52 days in June 2005 to 85 days in June 2006.

Homebuyers and home sellers should keep in mind that the data above is simply a snapshot in time. Therefore, the data must be evaluated over a longer duration to know enduring market trends.

Coronado, San Diego, Real Estate Market Trends, Single-family Homes, Mid Year Breakdown, 2006

The community of Coronado is located on the inner coast of San Diego County. This 13.5 square mile peninsula is reachable via the legendary Coronado Bay Bridge, by water ferry from Downtown San Diego, or through Imperial Beach via highway 75.

The real estate and homes for sale in Coronado are some of the most pricey properties in San Diego County. The number of homes sold in a particular year is relatively low. For example, during the period from January through July 2006, approximately 64 single-family homes sold. Approximately 79 homes sold for the same period in 2005. The price of homes in Coronado varies widely from moderately priced small cottages to multi-million dollar estates.

One method to analyze pricing trends for a particular community is to evaluate the median and mean price of homes for a particular month, and compare that data against the same period last year. What follows is a comparison of the median price and mean price of homes for the past seven months (January through July 2006), compared against the data for the corresponding time period in 2005.

The median price of homes represents the point at which half the homes are above a particular price point, and half the homes are below a particular price point. The mean price of homes is calculated by adding up the sales price of all homes sold in a particular month, and dividing that value by the number of homes sold.

The median price of homes in July 2006 was ,505,000, compared to ,481,250 in July 2005, which represents a 1.6% increase. The mean price of homes in July 2006 was ,795,179, compared to ,603,214 in July 2005, which represents an 11.5% drop. Approximately 7 homes sold in July 2006 and 14 in July 2005. In summary, the data was mixed for July 2006, with the median price posting a small increase and the mean price dropping 11.5%.

The median price of homes in June 2006 was ,775,000, compared to ,570,000 in June 2005, which represents a 13.1% increase. The mean price of homes in June 2006 was ,998,860, compared to ,778,214 in June 2005, which represents a 12.4% increase. Approximately 15 homes sold in June 2006 and 21 in June 2005. In summary, the data provides evidence that there was an upward price trend in June 2006 compared to the same period last year.

The median price of homes in May 2006 was ,200,000, compared to ,390,000 in May 2005, which represents a 13.7% drop. The mean price of homes in May 2006 was ,576,429, compared to ,615,692 in May 2005, which represents a 2.4% drop. Approximately 7 homes sold in May 2006 and 13 in May 2005. In summary, the data provides evidence that there was a downward price trend in May 2006 compared to the same period last year.

The median price of homes in April 2006 was ,250,000, compared to ,450,000 in April 2005, which represents a 55.2% increase. The mean price of homes in April 2006 was ,667,200, compared to ,731,524 in April 2005, which represents a 54% increase. Approximately 10 homes sold in April 2006 and 7 in April 2005. In summary, the data provides evidence that there was a significant upward price trend in April 2006 compared to the same period last year.

The median price of homes in March 2006 was ,650,000, compared to ,780,000 in March 2005, which represents a 7.3% drop. The mean price of homes in March 2006 was ,219,667, compared to ,774,667 in March 2005, which represents a 25.1% increase. Approximately 15 homes sold in March 2006 and 9 in March 2005. In summary, the data was mixed for March 2006, with a drop in median price and an increase in mean price.

The median price of homes in February 2006 was ,185,000, compared to 5,000 in February 2005, which represents a 35.4% increase. The mean price of homes in February 2006 was ,327,000, compared to ,011,667 in February 2005, which represents a 31.2% increase. Approximately 5 homes sold in February 2006 and 3 in February 2005. In summary, the data provides evidence that there was an upward price trend in February 2006 compared to the same period last year.

The median price of homes was ,700,000 in January 2006, compared to ,531,500 in January 2005, which represents an 11% increase. The mean price of homes in January 2006 was ,599,000, compared to ,717,750 in January 2005, which represents a 6.9% drop. Approximately 5 homes sold in January 2006 and 12 in January 2005. In summary, the data was mixed for January 2006, with a jump in median price and a decline in mean price.

So what does the above data tell us? Overall, there was a 19% decline in the number of homes sold during this period from 2006 to 2005. Besides that, the Coronado real estate market is very hard to described because of the limited number of homes that sell each month, and the wide variation in home prices. The median and mean prices fluctuated substantially depending on whether or not very pricey homes sold that month or not. Prospective home buyers should seek the advise of an experienced real estate agent to help them know the micro pricing trends of homes in their price array.

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Profiles in Green Building: the Austin Real Estate Market

Austin has long been a home for friendly folk- friendly to each other, friendly to animals, and friendly to the environment. What used to be considered as only the concerns of hippies and the bohemian sect, environmentalism is now at the forefront of commercial and residential design, and “green” businesses are popping up nationwide. Austin, but, was the first city in the United States to establish a local green-building program, laying out environmentally friendly and sustainable guidelines for home builders and its interested citizens back in 1991.

Since the Austin real estate market is known nationwide as the leader of these green building methods, the National Association of Home Builders chose the city as its hub to launch an diligence-wide effort to establish green-building guidelines in 2004. These guidelines now provide a practical nationally recognized framework for builders to stay on to reduce a home’s environmental impact by making them more energy efficient, improving indoor environmental quality, and so on. Though Austin has already been using similar guidelines for over a decade, now the rest of the country is following suit.

The City of Austin and Austin Energy provide a fantastic resource to owners of Austin homes, and new home builders, who are looking for ways to conserve energy, and build an environmentally friendly home. The city’s website offers a list of companies willing to do an energy breakdown of a home that will determine possible options to help the house conserve more energy, with suggestions ranging from air conditioning repair to weather stripping doors. The city then will place forward a 20 to 75% of that cost.

For those Austinites building a new house or commercial building, the city made the Austin Energy Green Building organization to promote the construction of high quality, more sustainable buildings, and has even zoned sections of the city’s real estate to require an Austin Energy Green Building rating. Four times a year, the organization also holds a one day “Green By Design” workshop open to the broadcast. The workshop provides an overview of the green building process, and brings in design, building, engineering, landscaping, and Austin real estate professionals with many years of experience in homebuilding and remodeling, to help make sense of it all.

In March of this year, Austin was named as the city leading the country in “cleantech” by SustainLane, an online resource center that offers sustainability tips to disorder and local government. The term “cleantech” refers to venture capital-based startups based in green technology, with Austin as the front runner with seven such startups, ranging from internet-controlled irrigation to geothermal energy technologies. To keep Austin on the cutting edge of green technology, the Clean Energy Incubator program was set up to help childish clean energy businesses make it by commercializing their thoughts. With citizens, government, and forward thought businesses, Austin will likely be the city to stay on in the environmental battle for years to come.

Financial Markets (ECON 252) Real Estate is the largest asset class and of fantastic importance for both individuals and institutional investors. An array of economic and psychological factors impact real estate investment decisions and the broadcast has varying thoughts of real estate as a profitable investment. People’s demand to buy a home by taking on long-term debt, called a mortgage, is often tied with the overall health of the economy and financial markets. In recessions, home buying tends to fall and the opposite holds in a strong economy. Commercial real estate, held indirectly by the broadcast through partnerships and real estate investment trusts (REITs), is vulnerable to similar speculative activity. The most recent real estate boom illustrates the speculative nature of real estate, and its family member to financial and economic crises. Complete course materials are unfilled at the Open Yale Courses website: open.yale.edu This course was recorded in Jump 2008.
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Strategies For Buying Real Estate In A Slow Market

Strategies For Buying Real Estate In A Slow Market

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Home Page > Advertising > Strategies For Buying Real Estate In A Slow Market

Strategies For Buying Real Estate In A Slow Market

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Strategies For Buying Real Estate In A Slow Market

By: Real Estate Advisor

About the Author

San Diego Real Estate
Riverside Real Estate
Pacific Beach Real Estate

(ArticlesBase SC #50850)

Article Source: http://www.articlesbase.com/ – Strategies For Buying Real Estate In A Slow Market

The real estate market tends to be cyclical with some periods favoring buyers and other periods favoring sellers. As with other free markets, the pricing and availability of real estate is directly correlated to the forces of supply and demand. Even as many real estate markets in the United States are experiencing a substantial slowdown, other markets remain robust, and some even continue to grow. What makes the situation even more complicated is that even within a particular city or county, there may be some areas that are hot and others that are cold.

In regions of the country in which the real estate market is slowing, there are some equipment homebuyers can do to increase their chance of getting the property that they want on terms that are propitious. Below are some strategies to consider:

1. Clarify What You Want. Be sure to know what kind of property you want (e.g. bedrooms, bathrooms, size, yard, location, etc.). Identify items that you “must have” and items that you would be willing to forego if your other priorities were met.

2. Consult Experts. You’ve no doubt heard the saying that “all real estate is local,” so arm yourself with the best information unfilled. Consult a local real estate adept who can guide you about what communities are hot and which ones are not. Obviously, you are more likely to find deals in communities that have excess supply and limited demand than vice versa.

3. Know Market Data. Obtaining and evaluating data can be one of the most powerful tools in your arsenal. Identify communities that you find desirable and question your real estate agent to provide you relevant sales statistics. For example, your agent can provide you:

a. A summary of how many properties are unfilled in communities that you deem desirable.

b. How long properties are taking to sell this month, last month, last quarter, last year, etc.

c. How many properties have sold this month, last month, last quarter, last year, etc.

d. Changes in the median and mean price of properties for a community this month, last month, last quarter, last year, etc.

e. Data on the sales price to list price ratio (SP: LP). This ratio provides information about how much, on mean, sellers are reducing their price.

f. Detailed data on properties that are similar to the type of property you desire (often known as “comparables” or “comps”).

4. High Inventory Communities. Identify, or question your agent to identify, communities that appear to be above all slow, and that have an unusually large inventory of homes. You will have a broader variety of options in these communities, and you may increase the likelihood of finding a better deal.

5. Loan Pre-Approval. Be sure to consult with your bank or mortgage broker and take a loan pre-approval document. This not only let’s you know how much you can afford, but it also demonstrates to sellers that you are a honest buyer and that your place forward is worthy of honest consideration.

6. Seller’s Motivation. Even as information about why a seller is selling is usually confidential, there are situations in which the seller will allow their agent to tell vital factors regarding their personal situation. Be sure to question your agent to inquire about any information that the seller has told to his/her agent that can be conveyed to your agent. This information may help you choose on making an place forward on a property and the price you wish to place forward.

7. Home Inspection. A home inspection conducted by a certified inspector can provide you valuable information about the condition of a property. Moreover, if there are items that need repair or replacement, you can use this information to modify your place forward price or terms.

8. Expand Search Scope. As mentioned above, even within a particular city or county, there may be some areas that are hot and others that are not. Be sure to provided detailed information about what you want to your agent, so that he/she can provide you a variety of community options.

9. Be Patient. Time is on your side when there is excess supply and insufficient demand. Try not to “fall in like” with a house so much that you cannot be objective. It may be that multiple offers and counter-offers occur before you either get the property you want or choose to walk way from a deal. You may also want to look at more properties than you normally would, so that you are exposed to a variety of options.

Even as the above is not an exhaustive list of strategies, it is a excellent starting point of issues to consider when buying real estate, above all in a market that favors buyers. Take the services of a knowledgeable Real Estate agent who can provide you with additional strategies to help you reach your real estate objectives.

Retrieved from “http://www.articlesbase.com/advertising-articles/strategies-for-buying-real-estate-in-a-slow-market-50850.html”

(ArticlesBase SC #50850)

Real Estate Advisor -
About the Author:

San Diego Real Estate
Riverside Real Estate
Pacific Beach Real Estate

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Inner San Diego Real Estate Market – Mid Year Snapshot Of Median Prices (2006) – Single Family Homes

Inner San Diego Real Estate Market – Mid Year Snapshot of Median Prices (2006) – Single Family Homes

As of this writing, the San Diego real estate markets appears to have shifted from one that favors sellers to one that favors buyers. But, this premise may not hold right for all communities within San Diego, as median prices for some communities continue to rise even as others fall.

Even as there are many metrics to evaluate the real estate pricing trends of a community, one commonly used parameter is to evaluate the median price of homes from one point in time against a prior point of time. The median price reflects the point at which half the homes are above a particular price point, and half the homes are below a particular price point. The median price metric provides one method to analyze the management of home prices, but should not be used as the sole source of data from which to form conclusions.

The data below is a comparison of median prices for innumerable communities in inner San Diego County, comparing data from June 2005 against data for June 2006. This information is only one metric at a particular point in time, and other metrics or data from future months may support or dispute the pricing trends noted below. For some of the San Diego communities presented below, very few homes sold during June 2006, which diminishes the usefulness of the median price metric.

COMMUNITIES WITH INCREASES IN MEDIAN PRICE – SINGLE FAMILY HOMES – JUNE 2006

The data below pertains only to the sales of single-family homes, and does not include condominiums or townhomes. The data is organized by the magnitude of change in median price, with the highest change in median price presented first.

For the Coronado real estate market, the median price was ,775,000, which represents a 14.7% increase from the same time last year. Approximately 15 homes sold in June 2006 (21 homes sold in June 2005).

For the Point Loma real estate market, the median price was ,024,068, which represents an 11.4% increase from the same time last year. Approximately 20 homes sold in June 2006 (14 homes sold in June 2005).

For the University City (UTC) real estate market, the median price was 0,000, which represents a 10.6% increase from the same time last year. Approximately 5 homes sold in June 2006 (19 homes sold in June 2005).

For the La Jolla real estate market, the median price was ,692,500, which represents a 10.3% increase from the same time last year. Approximately 28 homes sold in June 2006 (38 homes sold in June 2005).

For the Logan Heights real estate market, the median price was 5,000, which represents a 7.6% increase from the same time last year. Approximately 13 homes sold in June 2006 (14 homes sold in June 2005).

For the Paradise Hills real estate market, the median price was 7,500, which represents a 5.7% increase from the same time last year. Approximately 8 homes sold in June 2006 (16 homes sold in June 2005).

For the Mission Hills real estate market, the median price was 7,500, which represents a 3.1% increase from the same time last year. Approximately 11 homes sold in June 2006 (12 homes sold in June 2005).

For the Scripps Ranch (Scripps Miramar) real estate market, the median price was 9,250, which represents a 2.8% increase from the same time last year. Approximately 34 homes sold this month (43 homes sold in June 2005).

For the San Carlos real estate market, the median price was 3,000, which represents a 2.4% increase from the same time last year. Approximately 12 homes sold in June 2006 (16 homes sold in June 2005).

For the Del Cerro real estate market, the median price was 7,500, which represents a 2.1% increase from the same time last year. Approximately 13 homes sold in June 2006 (30 homes sold in June 2005).

For the Normal Heights real estate market, the median price was 6,250, which represents a 1.7% increase from the same time last year. Approximately 20 homes sold in June 2006 (19 homes sold in June 2005).

COMMUNITIES WITH DECREASES IN MEDIAN PRICE – SINGLE FAMILY HOMES – JUNE 2006

The data below pertains only to the sales of single-family homes, and does not include condominiums or townhomes. The data is organized by the magnitude of change in median price, with the highest change in median price presented first.

For the Ancient Town real estate market, the median price was 0,000, which was a 19.1% decline from the same time last year. Approximately 5 homes sold in June 2006 (14 homes sold in June 2005).

For the Golden Hill real estate market, the median price was 1,000, which was a 16.4% decline from the same time last year. Approximately 10 homes sold in June 2006 (13 homes sold in June 2005).

For the Pacific Beach real estate market, the median price was 1,960, which represents a 14.8% decline from the same time last year. Approximately 15 homes sold in June 2006 (19 homes sold in June 2005).

For the Tierrasanta real estate market, the median price was 0,000, which represents a 12.6% decline from the same time last year. Approximately 9 homes sold in June 2006 (17 homes sold in June 2005).

For the North Park real estate market, the median price was 0,000, which represents a 9.7% decline from the same time last year. Approximately 31 homes sold in June 2006 (16 homes sold in June 2005).

For the Institution Grove real estate market, the median price was 5,000, which represents a 5.9% decline from the same time last year. Approximately 38 homes sold in June 2006 (40 homes sold in June 2005).

For the City Heights real estate market, the median price was 0,00, which represents a 5.3% decline from the same time last year. Approximately 17 homes sold in June 2006 (30 homes sold in June 2005).

For the Mira Mesa real estate market, the median price was 0,000, which represents a 4.7% decline from the same time last year. Approximately 45 homes sold in June 2006 (47 homes sold in June 2005).

For the Linda Vista real estate market, the median price was 0,000, which represents a 4.2% decline from the same time last year. Approximately 16 homes sold in June 2006 (17 homes sold in June 2005).

For the Mission Valley real estate market, the median price was 0,000, which represents a 3.8% decline from the same time last year. Approximately 7 homes sold in June 2006 (18 homes sold in June 2005).

For the Encanto real estate market, the median price was 5,000, which represents a 3.3% decline from the same time last year. Approximately 36 homes sold in June 2006 (47 homes sold in June 2005).

For the Clairemont real estate market, the median price was 5,000, which represents a 2.6% decline from the same time last year. Approximately 30 homes sold in June 2006 (34 homes sold in June 2005).

For the Sorrento Valley real estate market, the median price was 1,000, which represents a 1% decline from the same time last year. Approximately 6 homes sold in June 2006 (5 homes sold in June 2005).

ADVISORY

Homebuyers and home sellers should keep in mind that the data above is simply a snapshot in time, and is not conclusive of the pricing trends for any community. For some communities presented above, very few homes were sold during June 2006, which makes the use of the median price metric of limited value. The data must be evaluated over a longer duration, and involve multiple metrics to fully know enduring market trends. Contact your Realtor to take information about enduring market trends for any given community.

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