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COMMUNITY INFORMATION
Fallbrook is situated in the northern inland part of San Diego County next to Camp Pendleton Marine Corps Base. There are approximately 45,114 residents in this Zip code (92028) and 14,831 households. The median age of residents is 36.69 years.
TEMPERATURE
The temperature in Fallbrook is relatively moderate. The warmest time of year occurs in August during which temperatures reach an average high of 73°F. The coldest time of year occurs in January with average temperatures falling to 56°F.
HOME AND REAL ESTATE PRICES
The housing options in Fallbrook include single-family homes and properties, condominiums, townhouses, and apartments. The price of housing is as follows:
· One bedroom townhouse/condominium start in the mid $200,000s.
· Two bedroom townhouse/condominium start in the low $300,000s.
· Three bedroom townhouse/condominium start in the mid $400,000s.
· Two bedroom single-family homes start in the mid $300,000s.
· Three bedroom single-family homes start in the high $300,000s.
· 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 jumped from $580,000 in June 2005 to $780,000 in June 2006, which represents a 34.5% increase. Fewer homes sold in June 2006 (38 homes) than in June 2005 (67 homes). The average time to sell a home increased from 63 days in June 2005 to 73 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.
www.sdhomedatabase.com
www.pacific-beach-homes.com
www.rereport.com/sdccsd/lall/
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