University City, San Diego, Real Estate Market Trends and Community Information, August 2006
Stock Market EducationIn today's world, it seems that almost any topic is open for debate. While I was gathering facts for this article, I was quite surprised to find some of the ..... COMMUNITY INFORMATION University City is situated in central San Diego County next to the University of California, San Diego (UCSD). There are approximately 36, 103 residents in this Zip code (92122) and 16,832 households. The median age of residents is 33.93 years. TEMPERATURE The temperature in University City 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 University City 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 low $300,000s. ? Three bedroom townhouse/condominium start in the low $400,000s. ? Two bedroom single-family homes start in the mid $500,000s. ? Three bedroom single-family homes start in the high $500,000s. ? Four bedroom single-family homes start in the mid $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 (June 2005). The median price of single-family homes jumped from $705,000 in June 2005 to $780,000 in June 2006, which represents a 10.6% increase. Fewer homes sold in June 2006 (5 homes) than in June 2005 (19 homes). The average time ......
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