COMMUNITY INFORMATION
Imperial Beach is a coastal community situated in the southern region of San Diego County within the state of California. There are approximately 27,780 residents in this Zip code (91932) and 9267 households. The median age of residents is 28.8 years.
TEMPERATURE
The temperature in Imperial Beach 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 falling to 57°F.
HOME AND REAL ESTATE PRICES
The housing options in Imperial Beach 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 $200,000s.
· Two bedroom townhouse/condominium start in the mid $200,000s.
· Three bedroom townhouse/condominium start in the low $400,000s.
· Two bedroom single-family homes start in the low $400,000s.
· Three bedroom single-family homes start in the mid $400,000s.
· Four bedroom single-family homes start in the low $500,000s.
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 it’s a buyers market or a seller’s 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 $487,500 in June 2005 to $472,000 in June 2006, which represents a 3.2% decline. Fewer homes sold in June 2006 (8 homes) than in June 2005 (11 homes). However, the average time to sell a home shortened from 58 days in June 2005 to 46 days in June 2006.
The median price of condominiums and townhomes jumped from $334,500 in June 2005 to $345,000 in June 2006, which represents a 3.1% increase. Fewer units sold in June 2006 (9 units) than in June 2005 (12 units). The average time to sell a unit shortened from 93 days in June 2005 to 80 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.
www.sdhomedatabase.com
www.pacific-beach-homes.com
www.rereport.com/sdccsd/lall/ |
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