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COMMUNITY INFORMATION
Poway is situated in the northern inland part of San Diego County within the state of California. There are approximately 51,625 residents in this Zip Code (92064) and 16,245 households. The median age of residents is 36.79 years.
TEMPERATURE
The temperature in Poway 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 Poway include single-family homes and properties, condominiums, townhouses, and apartments. The price of housing is as follows:
· Two bedroom townhouse/condominium start in the mid $200,000s.
· Three bedroom townhouse/condominium start in the mid $300,000s.
· Two bedroom single-family homes start in the low $400,000s.
· Three bedroom single-family homes start in the mid $400,000s
· Four bedroom single-family homes start in the high $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 resale single-family homes was $698,000 in June 2006, which represents a 17.3% increase. A total of 85 homes were sold in June 2006.
The median price of resale condominiums was $390,000 in June 2006, which represents a 17.9% decline. A total of 5 units were sold 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.dqnews.com
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