Central San Diego Real Estate Market – Mid Year Snapshot Of Median Prices (2006) – Single Family Homes
Central San Diego Real Estate Market – Mid Year Snapshot of Median Prices (2006) – Single Family Homes As I write this, you will have the San Diego real estate markets, which favors from a seller to one that favors buyers moved. However, this premise does not grow true for all communities in San Diego, as median prices for some communities further, while others fall. While there are many metrics to be the real estate price trends of a community to evaluate a commonly used parameter is the average price of the property to be assessed by a point in time against a particular time. The median price reflects the point at which half the houses are over a certain price point, and half of the homes are below a certain price. The average price Metric provides a method to analyze the direction of house prices, but should not the only source of data from which to draw conclusions form be used. The data below is a comparison of the median prices for various communities in central San Diego County, a comparison of data from June 2005 to the data for June 2006. This information is only one metric at a given time and other metrics or data from the coming months may support or contest the price trends listed below. For some of the municipalities of San Diego presented below, very few houses sold in June 2006, which diminishes the usefulness of the median price metric. Communities with increases in median price – family houses – June 2006 The following data refers only to the sale of single family homes and condominiums or townhomes not included. The data is organized by the extent of change in the median price, with the highest change in the average price for the first time presented. For the Coronado real estate market, the median price was $ 1,775,000, which represents a 14th Increase of 7% from the same date last year. About 15 houses sold in June 2006 (21 homes sold in June 2005). For the Point Loma real estate market, the median price was $ 1,024,068, which represents a 11th 4% increase over the same period last year. About 20 houses sold in June 2006 (14 homes sold in June 2005). For the University City (UTC) real estate market, the median price was $ 780,000, which represents one tenth 6% increase from the same date last year. Approximately 5 homes sold in June 2006 (19 homes sold in June 2005). For La Jolla real estate market, the median price was $ 1,692,500, which represents one tenth 3% increase over the same period last year. About 28 houses sold in June 2006 (38 homes sold in June 2005). For the Logan Heights real estate market, the median price was $ 425,000, representing a seventh 6% increase from the same date last year. About 13 houses sold in June 2006 (14 houses sold in June 2005). For the Paradise Hills real estate market, the median price was $ 507,500, which represents one fifth Increase of 7% from the same date last year. Approximately eight homes sold in June 2006 (16 houses sold in June 2005). For the Mission Hills real estate market, the median price was $ 927,500, representing a third 1% increase from the same date last year. About 11 houses sold in June 2006 (12 houses sold in June 2005). For the Scripps Ranch (Scripps Miramar) real estate market, the median price was $ 759,250, which represents a second 8% increase over the same period the previous year. About 34 houses sold sold this month (43 homes in June 2005). For the San Carlos housing market, the median price was $ 563,000, which represents a second 4% increase over the same period last year. About 12 houses sold in June 2006 (16 houses sold in June 2005). For Del Cerro real estate market, the median price was $ 557,500, which represents a second 1% increase from the same date last year. About 13 houses sold in June 2006 (30 houses sold in June 2005). For the Normal Heights real estate market, the median price was $ 676,250, which represents a first Increase of 7% from the same date last year. About 20 houses sold in June 2006 (19 homes sold in June 2005). Municipalities with reductions in median price – family houses – June 2006 The following data refers only to the sale of single family homes and condominiums or townhomes not included. The data is organized by the extent of change in the median price, with the highest change in the average price for the first time presented. For the Old Town real estate market, the median price was $ 580,000, which was a 19th 1% decrease over the same period 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 $ 451,000, which one was 16. 4% decrease over the same period last year. About 10 houses sold in June 2006 (13 homes sold in June 2005). For the Pacific Beach real estate market, the median price was $ 851,960, which represents a 14th 8% decrease over the same period last year. About 15 houses sold in June 2006 (19 houses sold in June 2005). Tierra Santa for the real estate market, the median price was $ 570,000, or one 12th 6% decrease over the same period 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 $ 560,000, which represents a ninth 7% decrease over the same period last year. About 31 homes sold in June 2006 (16 houses sold in June 2005). For the College Grove real estate market, the average price was $ 475,000, which represents one fifth 9% decrease over the same period last year. About 38 houses sold in June 2006 (40 homes sold in June 2005). For the City Heights real estate market, the median price was $ 390.00, which represents one fifth 3% decrease over the same period last year. Around 17 houses sold in June 2006 (30 homes sold in June 2005). For the Mira Mesa real estate market, the median price was $ 510,000, which represents a fourth 7% decrease over the same period last year. About 45 houses sold in June 2006 (47 homes sold in June 2005). For the Linda Vista real estate market, the median price was $ 510,000, which is a fourth 2% decrease over the same period last year. About 16 houses sold in June 2006 (17 houses sold in June 2005). For the Mission Valley real estate market, the median price was $ 510,000, representing a third 8% decrease over the same period 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 $ 435,000, representing a third 3% decrease over the same period last year. About 36 houses sold in June 2006 (47 homes sold in June 2005). For the Clairemont housing market, the median price was $ 555,000, which represents a second 6% decrease over the same period last year. Around 30 houses sold in June 2006 (34 homes sold in June 2005). For the Sorrento Valley real estate market, the median price was $ 861,000, representing a 1% decrease over the same period last year. Approximately 6 homes sold in June 2006 (5 homes sold, in June 2005). ADVISORY Real Estate Home Buyer and Sellers should be aware that the above data, easy to hold a snapshot in time and is not conclusive of the price trends for each community. For some communities presented above, very few houses were sold in June 2006, which is to use the median price metric of limited value. The data must be evaluated over a longer period, and include several metrics to understand the long-term market trends. Contact your broker to obtain information about market permanently for a particular community.
