Tectone Real Estate

Pacific Beach is located on the central coast of San Diego County within the 92109 Zip Code. If you are interested in Pacific Beach real estate, then you should find the information below useful. The following summarizes sales data for detached single-family homes and attached condominiums and townhomes. This sales data covers the period from July 1, 2006 through July 31, 2006.

Approximately 18 detached single-family were homes were sold during July 2006. Of these 18 homes, the average asking price was $992,598. The average sales price was $946,211. This results in a sale price/list price (SP: LP) ratio of 96%, meaning that on average, sellers obtained 96% of their asking price. The average time to sell a home was 55 days.

A detailed evaluation of these 18 single-family homes is provided below.

a. Five of these homes had two or fewer bedrooms. The average list price was $702,400. The average sales price was $689,000. The SP:LP was 98%. The average time to sell this type of home was 57 days.

b. Nine of these homes had three bedrooms. The average list price was $1,089,975. The average ales price was $1,031,867. The SP:LP ratio was 95%. The average time to sell this type of home was 52 days.

c. Three of these homes had four bedrooms. The average list price was $1,025,000. The average sales price was $968,333. The SP:LP ratio was 95%. The average time to sell this type of home was 63 days.

d. One home sold with five or more bedrooms. The average list price was $1,470,000. The average sales price was $1,395,000. The SP:LP ratio was 95%. The average time to sell a home was 50 days.

Approximately 25 detached condominium or townhomes were sold in July 2006. The average list price of these 25 units was $650,072. The average sales price was $620,772. The SP: LP ratio was 96%. The average time to sell these units was 55 days.

A detailed evaluation of these 25 units is provided below.

a. Eighteen of these units had two or fewer bedrooms. The average list price was $536,877. The average sales price was $510,527. The SP:LP ratio was 96%. The average time to sell this type of unit was 65 days.

b. Six of these units had three bedrooms. The average list price was $926,166. The average sales price was $886,333. The SP: LP ratio was 97%. The average time to sell this type of unit was 28 days.

c. One of these units had four bedrooms. The list price was $1,031,000. The sales price was $1,011,800. The SP: LP ratio was 98%. The unit took 16 days to sell.

If you are interested in the Pacific Beach real estate market, contact a San Diego Realtor to assist you with the home buying process.

Tags: Asking Price, Bedrooms, Central Coast, San Diego County, Townhomes

COMMUNITY INFORMATION

Chula Vista is situated in the southern region of San Diego County within the state of California. There are approximately 194,939 residents in this community and 62,394 households. The median age of residents is 32.89 years.

TEMPERATURE

The temperature in Chula Vista 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 57°F.

HOME AND REAL ESTATE PRICES

The housing options in Chula Vista 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 high $200,000s.

·Three bedroom townhouse/condominium start in the mid $300,000s.

·Two bedroom single-family homes start in the high $300,000s.

·Three bedroom single-family homes start in the low $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 single-family homes dropped from $610,000 in June 2005 to $595,000 in June 2006, which represents a 2.5% decline. Fewer more homes sold in June 2006 (127 homes) than in June 2005 (171 homes). The average time to sell a home increased from 47 days in June 2005 to 66 days in June 2006.

The median price of condominiums and townhomes decreased slightly from $382,250 in June 2005 to $382,000 in June 2006, which represents a .1% decline. Fewer units sold in June 2006 (46 units) than in June 2005 (80 units). The average time to sell a unit increased from 52 days in June 2005 to 85 days 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.

Tags: Bedroom Townhouse, Decline, Households, S Market, Single Family

Right now, there is a market that is available for investors. Because of the market, people are trying to figure out how they can get inside information. They are looking for the best ways to find real estate foreclosures in Canada. There are options that people can go through in order to find what they are looking for in their investment property. Out of the options, it is important for people to find a solution that works the best for them.

One method that people can use is to try to find the properties on their own. This can work, but it is difficult. Not all properties are listed so, it is important for people to have inside information. Without that inside information, it can be very difficult, if not impossible, for people to find homes that they can invest in. People who use this method usually end up coming up short. They are not able to reach their full investment potential.

Another option is to go to a class or a seminar that teaches people everything they need to know about investing in real estate foreclosures in Canada. A class such as this can teach people the methods that work with this kind of investment. The classes can help guide people in the right direction so they are able to make sound investments. They can get the information that insiders have and get a clearer idea of what needs to be done in order to make sound investments. A lot of knowledge can be gained from these classes.

Others go through a real estate agent. While a real estate agent will be able to find some investment properties, they will charge a large fee for their services. This can cause people to loose out on some of their profits. Instead of banking all of their money, they will have to give some of it back to the realtor. Also, a realtor does not know about all of the properties that are available so, investors who only use realtors miss out on some great investment properties.

Lists of real estate foreclosures in Canada can be very helpful. They can show people all of the available properties so people can look and find something they would like to purchase. With a list they can check out different properties and purchase as many as they want. With this method they do not have to pay fees to a realtor. In many cases they will be able to deal directly with the seller. They will be able to strike up a deal in a quick manner without any hidden fees.

Foreclosures Canada offers classes and seminars to teach people everything they need to know about purchasing this kind of investment property. They also provide lists of real estate foreclosures in Canada that they update often. They have the inside information necessary for people to make the most out of the investment opportunities in their area. For more information, visit them online at http://www.foreclosurescanada.com.

Tags: Investment Property, Profits, Realtors, Sound Investments