Chula Vista, San Diego, Real Estate Market Trends And Community Information, August 2006
Author: Real Estate Pros
Source: articledashboard.com
COMMUNITY INFORMATION Chula Vista is located in southern San Diego County in California. There are approximately 194,939 residents of this community and 62,394 households. The average 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 average high of 72 ? F The coldest time of year occurs in December, with average temperatures drop to 57 ? F HOME REAL prices of goods and 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 home in the $ 100,000 s. ? two bedroom townhouse / condominium home in the $ 200,000 s. ? Three bedroom townhouse / condominium home in the $ 300,000 s. ? Two bedroom detached houses start in the high $ 300,000 s. ? three-bedroom houses start at about $ 400,000 s. ? four-bedroom houses start in the high $ 400,000 s. TRENDS IN REAL ESTATE As with most products and services in the United States, price changes in the real estate industry are subject to the forces of supply and demand. Whether it's a buyer's market or a seller's market, it is useful to evaluate home sales data in the most recent month available (June 2006) compared against the same period last year (June 2005) . The median price of single-family homes dropped $ 610,000 in June 2005 to $ 595,000 in June 2006, representing a decrease of 2.5%. Fewer houses sold in June 2006 (127 households) in June 2005 (171 homes). The average time to sell a home more than 47 days in June 2005 to 66 days in June 2006. The average price of condominiums and townhomes dropped slightly, from $ 382,250 in June 2005 to $ 382,000 in June 2006, representing a decrease of 1%. Reduced number of units sold in June 2006 (46 units) in June 2005 (80 units). The average time to sell one unit greater than 52 days in June 2005 to 85 days in June 2006. Buyers and sellers should be aware that the data above is simply a snapshot in time. Therefore, data must be evaluated for a long time to understand enduring market trends.
