Posts Tagged ‘Trends’

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.

More Real Estate Articles

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.

Find More Real Estate Articles