|
COMMUNITY INFORMATION
The College Grove community is situated in central San Diego County and houses San Diego State University. There are approximately 68,815 residents in this Zip code (92115) and 22,226 households. The median age of residents is 27.88 years.
TEMPERATURES
The temperature in College Grove is relatively moderate. The warmest time of year occurs in August 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 College Grove include single-family homes and properties, condominiums, townhouses, and apartments. The price of housing is as follows:
· One bedroom townhouse / condo starts in the mid $100,000s.
· Two Bedroom townhouse / condo starts in the mid $200,000s.
· Three Bedroom townhouse / condo starts in the mid $300,000s.
· Three Bedroom single-family home starts in the mid $300,000s.
· Four Bedroom single-family home starts 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 increased slightly from $264,990 in June 2005 to $270,950 in June 2006, which represents a 2.2% increase. Almost twice as many homes sold in June 2006 (28 homes) compared to June 2005 (19 homes). Moreover, homes took an average of 52 days to sell in June 2005, but this increased to 91 days in June 2006.
The median price of condominiums and townhomes decreased from $506,500 in June 2005 to $475,000 in June 2006, which represents a 6.2% drop. Moreover, homes took an average of 44 days to sell in June 2005, but this increased to 59 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.
SCHOOL INFORMATION AND COMPARISONS
The students in College Grove are served by the San Diego City Unified School District. These students undergo annual testing to evaluate their academic performance. The results of these tests are combined by the California Department of Education into a composite score known as the Academic Performance Index (API), which has a range of 200 to 1000. The statewide goal for schools is to achieve a score of 800 or above.
Based on the most recent data available as of July 31, 2006, the three highest-ranking elementary schools in the 92115 Zip Code were Albert Einstein Academy Charter School (API=881), Hardy Elementary (API=855), and Language Academy Elementary (API=778). Mann Middle School obtained an API of 584, and Hoover High School had an API of 578.
www.sdhomedatabase.com
www.pacific-beach-homes.com
www.rereport.com/sdccsd/lall/
|
|
|
|
