.: Coronado, San Diego Real Estate Market Trends, School and Community Information, August 2006
Category:Home / Finance / Real Estate
COMMUNITY INFORMATION
The city of Coronado is located in Central San Diego County within the state of California, USA. This 13.5 square mile community is situated on a peninsula that looks more like an island. Access to this community is available via the Coronado Bay Bridge, by water ferry, or by highway 75.
Coronado lies within the 92118 Zip Code. There are approximately 34,471 residents in this Zip code and 12,387 households. The median age of the population is 35.16 years.
TEMPERATURE
The temperature in Coronado 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 Coronado include single-family homes, condominiums, townhouses, and apartments. The price of housing is as follows:
· One bedroom townhouse or condo starts in the high $500,000
· Two bedroom townhouse or condo starts in the high $600,000
· Three bedroom townhouse or condo starts in the low $900,000
· Three bedroom single family house starts in high $1,100,000
· Four bedroom single-family home starts in low $1,1200,000
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 jumped from $1,570,000 in June 2005 to $1,775,000 in June 2006, which represents a 13.1% increase. While homes sold faster in June 2006 (92 days) compared to June 2005 (105 days), overall, fewer homes sold in June 2006 (15 homes) than in June 2005 (21 homes).
The median price of condominiums and townhomes dropped from $1,052,500 in June 2005 to $784,500 in June 2006, which represents a 25.5% decline. Moreover, fewer units sold in June 2006 (6 homes) than in June 2005 (18 homes). Homes also took longer to sell in June 2006 (82 days) than in June 2005 (63 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.
SCHOOL INFORMATION AND COMPARISONS
The students in Coronado are served by the Coronado 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 two elementary schools in Coronado performed above statewide goals: Coronado Village Elementary (API = 919) and Silver Strand Elementary (API = 866). Coronado Middle School earned an API of 872 and Coronado High School had an API of 838.
Article keywords: coronado, san diego, homes, real estate, property, properties, condos, house, home, towhouse, townhome, search mls, beachfront, new homes, listings, relocation, agent, realtor, buying, selling, buy
Article Source: http://www.articles32.com
www.sdhomedatabase.com
www.pacific-beach-homes.com
www.rereport.com/sdccsd/lall/
.: New Real Estate Articles
1). How to Find Foreclosure Homes
A foreclosure is the result of a homeowners default on mortgage. Most of the time, the homeowners are unable to maintain the premises and take on repairs.
2). Guide to Buying Property in Spain
The beauty and wonderful climate of Spain make it an ideal place for people around the world to purchase property. Exquisite Spanish villas are abundant throughout the country. There are numerous locations to choose from, each offering a unique environment for either a permanent residence or a relaxing vacation home.
3). Media Confirms Port Charlotte a Great Investment Opportunity
Media and journalism have the power to influence the success or failure of any industry. The reports carried by newspapers or other means of information can actually cause the rise or fall of prices and value in a specific industry.
4). Let a VA Handle Your Transactions While You Take a Vacation
You have been working hard, its time to reward yourself with some time away from the office. Aahh, but you have real estate transactions that will be coming in soon, so how can you possibly take some much needed and deserved time away from the office?
5). Fixer-Uppers: Project Management 101
The goal in real estate investing should be to make the most profit in the least amount of time using as little of your money as possible. This article explains how becoming a Project Manager will help you with this end goal.
6). Host an Event to Sell Your Property!
Sometimes stimulating interest in your investment property means that you have to shake things up a bit when it comes to marketing. One rarely used but highly successful real estate investing marketing ploy involves hosting unique events at the investment property to bring traffic and potential buyers to the property.
7). Success with Florida Investment Lots
The trends and patterns in the real estate industry are often defined by the lifestyle patterns and the general standard of living of people.
.: Top Real Estate Articles
1). Real Estate Math - Do You Know These Simple Formulas?
How much real estate math do you need to know if you are investing in real estate? There are computers and calculators for calculating interest rates or amortizing loans. What you need to know is a few simple formulas for determining if a property is a good investment or not.
The Real Estate Math You Don't Need
The gross rent multiplier is one formula you don't need.
2). Flip That House Style Real Estate Investing
I love those TV rehabbing shows like Flip That House. On the show people buy a house needing to be seriously updated and repaired. Usually the kitchen is heavily upgraded with new cabinets, cutting edge appliances, new countertops and more. The bathrooms are completely redone with new tile, tubs, showers, sinks and more. The living rooms and other areas usually have walls taken out to open up the floor plan and usually carpet is replaced with some type of hardwood flooring.
3). VASTU AND FENG-SHUI QUESTION AND ANSWERS - RealAcres
QUESTION If my flat is built in 1987 and my main door faces North, is my flatprosperous ?
ANSWER From the year 1984 to the year 2003 , any house or flat that sits at the south and faces the north and has the main door at north has a very good fengshui house till the year 2003. However the external topography will also playa part to the family's health and wealth.
4). How to Sell Your Home in a Slow Market
The real estate market has slowed down in many areas that were booming over the last few years. Sellers in those areas got spoiled. It was only necessary to put a sign out front, and buyers came. Homes sold in a matter of days. This is no longer happening. If you want to sell your home in a slow area, what do you do?
Go Back to Marketing Basics
Whether you are selling your home yourself or working with a realtor, the answer is the same.
5). Understanding Mello-Roos When Considering a Purchase
Part of the process of evaluating the decision to make an offer on a home in a newer development is understanding the costs. Mello-Roos are one issue that is popping up more and more.
Understanding Mello-Roos When Considering a Purchase
The process of real estate development has become a much more complex one in many parts of the country. The idea of buying some land and building a few homes is a bit naïve these days.
6). How To Find A Real Estate Agent
It's easy to find a real estate agent. Just put a for sale sign in the yard and wait for the phone to ring. The question is, how do you find a GOOD real estate agent? You can start with newspaper.
Pick up the Saturday or Sunday paper - whichever day they have all the homes for sale in your area. You can also collect a few real estate guides to look through.
7). Taking Title When You Buy
Taking title to a home can seem like a boilerplate event during escrow, but it is very important. The prime question is how you take title.
Taking Title When You Buy
If you are a first time buyer, you are probably wondering what taking title refers to. It is not the act of accepting a piece of paper from the seller. Taking title refers to who is listed on the title and HOW they are listed.