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COMMUNITY INFORMATION
El Cajon is a community situated in the eastern region of San Diego County within the state of California. There are approximately 165,237 residents in this community and 57,333 households. The median age of residents is 33.92 years.
TEMPERATURE
The temperature in El Cajon is relatively moderate. The warmest time of year occurs in August during which temperatures reach an average high of 76°F. The coldest time of year occurs in January with average temperatures falling to 54°F.
HOME AND REAL ESTATE PRICES
The housing options in El Cajon 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 low $200,000s.
· Three bedroom townhouse/condominium start in the mid $200,000s.
· Two bedroom single-family homes start in the high $100,000s.
· Three bedroom single-family homes start in the high $200,000s.
· Four bedroom single-family homes start in the low $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 $505,000, which represents a 5.2% decline from the previous year. The number of homes sold in June 2006 was 82, which was down 24.1% from the previous year. On average, homes took 57 days to sell.
The median price of condominiums and townhomes in June 2006 was $293,900, which represents a 12% decline from the previous year. The number of homes sold in June 2006 was 55, which was up 31% from the previous year. On average, units took 60 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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