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Vista, San Diego, Real Estate Market Trends and Community Information, August 2006
Vista is situated in the northern inland part of San Diego County within the state of California. There are approximately 111,535 residents in these Zip Codes (92081, 92083, 92084) and 34,765 households. The median age of residents is 31.61 years.
The temperature in Vista is relatively moderate. The warmest time of year occurs in August during which temperatures reach an average high of 73įF. The coldest time of year occurs in January with average temperatures falling to 56įF.
HOME AND REAL ESTATE PRICES
The housing options in 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 low 0,000s.
- Two bedroom townhouse/condominium start in the mid 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 high 0,000s
REAL ESTATE MARKET TRENDS
As with most products and services in the United States, price shifts in the real estate industry are subject to the forces of supply and demand. Whether itís a buyers market or a sellerís market, it is useful to evaluate home sales data for the most recent month available (June 2006), compared against the same period in the previous year (June 2005).
The median price of single-family homes jumped from 5,000 in June 2005 to 5,000 June 2006, which represents a 5.7% increase. Fewer homes sold in June 2006 (50 homes) than in June 2005 (64 homes). The average time to sell a home increased from 33 days in June 2005 to 61 days in June 2006.
The median price of condominiums and townhomes dropped from 1,000 in June 2005 to 0,000 in June 2006, which represents a 6.6% decrease. Fewer units sold in June 2006 (13 units) than in June 2005 (14 units). The average time to sell a property increased from 27 days in June 2005 to 64 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 understand enduring market trends.
The source for the market trends data above is ReReport.com.
About the Author: http://www.sdhomedatabase.com