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

COMMUNITY INFORMATION

Santee is a community situated in the eastern region of San Diego County within the state of California. There are approximately 55,503 residents in this Zip code (92071) and 18,896 households. The median age of residents is 35.16 years.

TEMPERATURE

The temperature in Santee is relatively moderate. The warmest time of year occurs in July during which temperatures reach an average high of 76įF. The coldest time of year occurs in December with average temperatures falling to 54įF.

HOME AND REAL ESTATE PRICES

The housing options in Santee 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 mid 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 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 in June 2006 was 6,250, which represents a 0.8% drop from the previous year. A total of 34 homes sold in June 2006, which was down 22.7% from the previous year. On average, homes took 58 days to sell.

The median price of condominiums and townhomes in June 2006 was 0,000, which represents a 5.9% drop from the previous year. A total of 11 units sold in June 2006, which was down 62.1% from the previous year. On average, units took 101days to sell.

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




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