The Linda Vista region is located in central San Diego County, California. The community is located north of Interstate 8, and between Interstate 5 and highway 163. The community falls within the 92111 Zip code.
The real estate and homes for sale in Linda Vista fall into the moderate-income category. The number of homes sold in a particular year is relatively high. For example, during the period from January through July 2006, approximately 105 single-family homes sold. Approximately 117 homes sold for the same period in 2005.
One method to analyze pricing trends for a particular community is to evaluate the median and average price of homes for a particular month, and compare that data against the same period last year. What follows is a comparison of the median price and average price of homes for the past seven months (January through July 2006), compared against the data for the corresponding time period in 2005.
The median price of homes represents the point at which half the homes are above a particular price point, and half the homes are below a particular price point. The average price of homes is calculated by adding up the sales price of all homes sold in a particular month, and dividing that value by the number of homes sold.
The median price of homes in July 2006 was $510,000, compared to $540,000 in July 2005, which represents a 4.7% drop. The average price of homes in July 2006 was $513,977, compared to $546,083 in July 2005, which represents a 3.7% drop. Approximately 13 homes sold in July 2006 and 12 in July 2005. In summary, there was a downward price trend in July 2006 compared to the same period last year.
The median price of homes in June 2006 was $510,000, compared to $535,000 in June 2005, which represents a 4.2% drop. The average price of homes in June 2006 was $524,313, compared to $525,029 in June 2005, which represents a 0.80% drop. Approximately 16 homes sold in June 2006 and 17 in June 2005. In summary, there was a downward price trend in June 2006 compared to the same period last year.
The median price of homes in May 2006 was $539,500, compared to $560,000 in May 2005, which represents a 4.2% drop. The average price of homes in May 2006 was $542,621, compared to $565,418 in May 2005, which represents a 4.4% drop. Approximately 12 homes sold in May 2006 and 25 in May 2005. In summary, there was a downward price trend in May 2006 compared to the same period last year.
The median price of homes in April 2006 was $540,000, compared to $547,500 in April 2005, which represents a 1.6% drop. The average price of homes in April 2006 was $536,620, compared to $547,813 in April 2005, which represents a 3.2% drop. Approximately 25 homes sold in April 2006 and 16 in April 2005. In summary, there was a downward price trend in April 2006 compared to the same period last year.
The median price of homes in March 2006 was $515,000, compared to $506,000 in March 2005, which represents a 2.4% increase. The average price of homes in March 2006 was $521,467, compared to $509,316 in March 2005, which represents a 3% increase. Approximately 15 homes sold in March 2006 and 19 in March 2005. In summary, there was an upward price trend in March 2006 compared to the same period last year.
The median price of homes in February 2006 was $542,500, compared to $510,000 in February 2005, which represents a 6.4% increase. The average price of homes in February 2006 was $563,868, compared to $553,684 in February 2005, which represents a 1.7% increase. Approximately 14 homes sold in February 2006 and 13 in February 2005. In summary, there was an upward price trend in February 2006 compared to the same period last year.
The median price of homes was $501,500 in January 2006, compared to $520,000 in January 2005, which represents a 4.5% drop. The average price of homes in January 2006 was $503,300, compared to $525,018 in January 2005, which represents a 5% drop. Approximately 10 homes sold in January 2006 and 15 in January 2005. In summary, there was a downward price trend in January 2006 compared to the same period last year.
So what does the data tell us? Overall, the number of homes sold declined 10.3% for the period observed from 2006 to 2005. Five out of seven months showed a downward price trend compared to the same period last year with a range of 1% to 5% decline (January, April, May, June and July 2006). Only the months of February and March 2006 demonstrated an upward price trend for both the median and average price, with a range from 1% to 6.4%. On balance, there is evidence of a downward price trend for this community. However, a longer period of evaluation is needed to understand enduring market trends.
Be sure to consult your Realtor on other factors that influence home pricing before buying or selling real estate in Linda Vista.
San Diego Real Estate
Market Trends Data Source
Pacific Beach Real Estate
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