Del Cerro, San Diego, Real Estate Market Trends, Single-family Homes, Mid Year Analysis, 2006

The community of Del Cerro is located in central San Diego County, California. The community is located off Interstate 8 at the College Ave exit. The real estate and homes for sale in Del Cerro fall in the low to moderate income categories. The number of homes sold in a given year is relatively high. For example, during the period sold from January to July 2006, about 137 houses. Ca. 142 apartments for the same period in 2005 sold. One way to analyze price trends for a particular community is to assess the median and average price of property for a given month and compare that data over the same period last year. What follows is a comparison of average price and average price of property in the past seven months (January-July 2006) compared the data to the corresponding period in 2005. The median price of homes represents the point at which half the homes are over a certain price point, and half of the homes are below a certain price. The average price of homes sold by the addition of the selling price of all households in a given month, and divides this value by the number of homes sold were. The median price of homes in July 2006 was $ 632,000, compared with $ 590,000 in July 2005, which represents a 6th 2 increase. The average price of homes in July 2006 was $ 680,557, compared with $ 620,571 in July 2005, which represents a 9th to increase 9%. About 21 homes sold in July 2006 and 20 in July 2005. In summary, there was a price increase in July 2006 over the same period last year. The median price of homes in June 2006 was $ 557,500, compared with $ 545,500 in June 2005, which represents a 2nd to increase 1%. The average price of homes in June 2006 was $ 622,327, compared with $ 613,060 in June 2005, which is a 0th to increase 80%. About 13 houses sold in June 2006 and 30 in June 2005. In summary, there was a price increase in June 2006 over the same period last year. The median price of homes May 2006 was $ 620,000 compared to $ 615,000 May 2005, which is a 0th to increase 8%. The average price of homes May 2006 was $ 652,730 compared to $ 604,844 May 2005, which represents a 2nd 7% increase. About 30 houses may sold in 2006 and 16 May 2005. In summary, there was a price increase May 2006 compared to the same period last year. The median price of homes in April 2006 was $ 560,000, compared with $ 680,000 in April 2005, which represents a 17th 6% decrease. The average price of homes in April 2006 was $ 597,593, compared with $ 726,804 in April 2005, which represents a 17th 8% decrease. Approximately 27 houses sold in April 2006 and 23 in April 2005. In summary, there was a downward trend in prices in April 2006 over the same period last year. The median price of homes in March 2006 was $ 557,000, compared with $ 635,000 in March 2005, which represents a 12th 3% decrease. The average price of homes in March 2006 was $ 639,667, compared with $ 655,836 in March 2005, which represents a 2nd 5% decrease. About 21 houses sold in March 2006 and 25 March 2005. In summary, there was a downward price trend in March 2006 over the same period last year. The median price of homes was $ 594,750 in February 2006 compared to $ 530,000 in February 2005 represents a 12th to increase 2%. The average price of homes in February 2006 was $ 664,679, compared with $ 565,882 in February 2005, which represents a 18th to increase 5%. About 14 homes sold in February 2006 and 18 in February 2005. In summary, there was a price increase in February 2006 over the same period last year. The median price of homes was $ 595,000 in January 2006 compared to $ 512,500 in January 2005, which represents a 16th to increase 1%. The average price of homes in January 2006 was $ 713,909, compared with $ 575,470 in January 2005 represents a 24th 1%. About 11 houses sold in January 2006 and 10 in January 2005. In summary, there was a price increase in January 2006 over the same period last year. So what does the data tell us? Well, the above data do not reveal a consistent pattern. Beginning of the year (January and February 2006), home prices were on the previous year in the range of 12% to 24%. However, prices were up 2% to 17% in March and April 2006, compared to the same period last year. And then there were for the last three months (May, June and July 2006), moderate gains observed from 1% to 10%. Given the heights and depths described above, over a longer period of evaluation is needed to determine whether to recognize a clear pattern. Contact us to obtain an experienced broker additional insights into the evolution of prices in the Del Cerro real estate market.

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