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San Ysidro, San Diego, Real Estate Market Trends and Community Information, August 2006
San Ysidro is a community situated in the southern region of San Diego County within the state of California. There are approximately 29,130 residents in this Zip code (92173) and 7,273 households. The median age of residents is 26.73 years.
The temperature in San Ysidro is relatively moderate. The warmest time of year occurs in August during which temperatures reach an average high of 72įF. The coldest time of year occurs in December and January with average temperatures falling to 57įF.
HOME AND REAL ESTATE PRICES
The housing options in San Ysidro 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 low 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 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 dropped from 5,000 in June 2005 to 2,500 in June 2006, which represents a .5% decline. One more home sold in June 2006 (6 homes) than in June 2005 (5 homes). The average time to sell a home increased from 48 days in June 2005 to 66 days in June 2006.
The median price of condominiums and townhomes dropped from 0,450 in June 2005 to 5,000 in June 2006, which represents a 17.7% decline. More units sold in June 2006 (6 units) than in June 2005 (4 units). The average time to sell a unit increased from 13 days in June 2005 to 31 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