COMMUNITY INFORMATION
La Mesa is a community situated in the eastern region of San Diego County within the state of California. There are approximately 68,979 residents in this community and 28,723 households. The median age of residents is 38.59 years.
TEMPERATURE
The temperature in La Mesa is relatively moderate. The warmest time of year occurs in July during which temperatures reach an average high of 75°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 La Mesa include single-family homes and properties, condominiums, townhouses, and apartments. The price of housing is as follows:
· One bedroom townhouse/condominium start in the high $100,000s.
· Two bedroom townhouse/condominium start in the mid $200,000s.
· Three bedroom townhouse/condominium start in the mid $300,000s.
· Two bedroom single-family homes start in the high $300,000s.
· Three bedroom single-family homes start in the low $400,000s.
· Four bedroom single-family homes start in the mid $400,000s.
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 in June 2006 was $507,000, which represents a 4.4% drop from the previous year. A total of 45 homes sold in June 2006, which was down 13.5% from the previous year. On average, homes took 54 days to sell.
The median price of condominiums and townhomes in June 2006 was $289,000, which represents a 17.4% drop from the previous year. A total of 14 units sold in June 2006, which was down 41.7% from the previous year. On average, units took 62 days 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.
www.sdhomedatabase.com
www.pacific-beach-homes.com
www.rereport.com/sdccsd/lall/ |
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