Friday, January 4, 2008
COMMUNITY INFORMATION
Sorrento Valley is situated near the coastline in North San Diego County off Interstate 5, within the state of California. There are approximately 4,521 residents in this Zip Code (92121) and 1,675 households. The median age of residents is 30.31 years.
TEMPERATURE
The temperature in Sorrento Valley is relatively moderate. The warmest time of year occurs in August during which temperatures reach an average high of 72°F. The coldest time of year occurs in December with average temperatures falling to 56° F.
HOME AND REAL ESTATE PRICES
The housing options in Sorrento Valley 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 $300,000s.
- Two bedroom townhouse/condominium start in the high $300,000s.
- Three bedroom townhouse/condominium start in the high $400,000s.
- Three bedroom single-family homes start in the low $600,000s.
- Four bedroom single-family homes start in the high $600,000s.
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 dropped from $870,000 in June 2005 to $861,000 in June 2006, which represents a 1% decline. One more home sold in June 2006 (6 homes) than in June 2005 (5 homes). The average time to sell a home decreased slightly from 25 days in June 2005 to 24 days in June 2006. The ratio between the asking price to the sales price increased slightly over the past 12 months. Sellers obtained 95.1% of their asking price in June 2005, and 96.8% of their asking price in June 2006.
The median price of condominiums and townhomes dropped from $558,000 in June 2005 to $500,000 in June 2006, which represents a 10.4% decline. Fewer units sold in June 2006 (2 units) than in June 2005 (7 units). The average time to sell a unit increased from 33 days in June 2005 to 61 days in June 2006. The ratio between the asking price to the sales price decreased over the past 12 months. Sellers obtained 98.3% of their asking price in June 2005, and 92.7% of their asking price 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.
The source of the market trends data above is ReReport.com.
http://www.sdhomedatabase.com
Groombridge Land
Groombridge Land stay close to the borders of Kent and Sussex. In fact, some part of Groombridge actually falls over into the adjoining county and hence there is some local controversy about whether it should remain as it is or should absorbed by one of the two counties.
The Government's plans for a major house-building programme are based on the insidious belief that increasing the volume of land availability is the most important way to go aboard upon the calamity of unaffordable housing in the UK. Considering this view of the Government, many land banking firms of London have incorporated themselves in the business of selling greenbelt land to the general public. This is being done in the anticipation of obtaining huge returns from the land, once the Government grants planning permission.
Groombridge Land is surrounded by greenbelt and undeveloped barren land. considerate development of this kind of land would help in creating jobs opportunities in rural areas, and by increasing supply of land the house prices would become affordable to new buyers who are young and belong to low earning category.
Hence the Government should take the initiative to bring down the ever increasing price of residential and commercial land by providing planning permission on the un-developed greenbelt and green field.
Spring Valley, San Diego, Real Estate Market Trends and Community Information, August 2006
COMMUNITY INFORMATION
Spring Valley is a community situated in the eastern region of San Diego County within the state of California. There are approximately 66,757 residents in these Zip codes (91977, 91978) and 21,065 households. The median age of residents is 32.94 years.
TEMPERATURE
The temperature in Spring Valley is relatively moderate. The warmest time of year occurs in July 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 Spring Valley 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 mid $200,000s.
- Three bedroom townhouse/condominium start in the high $200,000s.
- Two bedroom single-family homes start in the mid $300,000s.
- Three bedroom single-family homes start in the mid $300,000s.
- Four bedroom single-family homes start 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 in June 2006 was $495,000, which represents a 2.9% drop from the previous year. A total of 42 homes sold in June 2006, which was down 43.2% from the previous year. On average, homes took 73 days to sell.
The median price of condominiums and townhomes in June 2006 was $290,000, which represents a 12.8% drop from the previous year. A total of 11 units sold in June 2006, which was down 65.6% from the previous year. On average, units took 86 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.
The source of the data above is from ReReport.com
http://www.sdhomedatabase.com
