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COMMUNITY INFORMATION
Ocean Beach is a small coastal community located in Central San Diego County within the state of California. There are approximately 28,611 residents in this Zip Code and 13,623 households. The median age of residents is 33.76 years.
TEMPERATURES
The temperature in Ocean Beach is relatively moderate. The warmest time of year occurs in August during which temperatures reach an average high of 71°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 Ocean Beach include single-family homes and properties, condominiums, townhouses, and apartments. The price of housing is as follows:
· One bedroom townhouse / condo starts in the high $100,000s.
· Two bedroom townhouse / condo starts in the low $200,000s.
· Three bedroom townhouse / condo starts in the high $200,000s.
· Two bedroom single-family house starts in the low $300,000s.
· Three bedroom single-family home starts in the low $400,000s.
· Four bedroom single-family house starts in the low $700,000s.
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.
The median price of single-family homes dropped from $1,070,000 in June 2005 to $720,000 in June 2006, which represents a 32.7%. Moreover, homes took longer to sell in June 2006 (47 days) compared to June 2005 (38 days).
The median price of condominiums and townhomes dropped from $481,750 in June 2005 to $409,000 in June 2006, which represents a 15.1% decline. Moreover, homes took longer to sell in June 2006 (45 days) compared to June 2005 (35 days).
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. However, this information suggests that homebuyers in June 2006 benefited from downward price pressures.
SCHOOL INFORMATION AND COMPARISONS
The students in Ocean Beach 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 highest-ranking elementary school is Sunset View Elementary (API=892), followed Silver Gate Elementary (API=862), Ocean Beach Elementary (API=808) and Dana Elementary (API=803). The local middle school, Correia Junior High, had an API of 726.
www.sdhomedatabase.com
www.pacific-beach-homes.com
www.rereport.com/sdccsd/lall/
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