San Carlos, San Diego, Real Estate Market Trends and Community Information, August 2006

COMMUNITY INFORMATIONThe median price of single-family homes jumped
The community of San Carlos is situated infrom $550,000 in June 2005 to $563,000 in June
central San Diego County adjacent to the cities of2006, which represents a 2.4% increase.
La Mesa and El Cajon, and within the state ofHowever, fewer homes sold in June 2006 (12
California. There are approximately 24,078homes) than in June 2005 (16 homes). The
residents in this Zip code (92119) and 9,720average time to sell a home increased from 23
households. The median age of residents is 42.4days in June 2005 to 56 days in June 2006. The
years.ratio between the asking price to the sales price
TEMPERATUREremained relatively stable. Sellers obtained 97.4%
The temperature in San Carlos is relativelyof their asking price in June 2005, and 96.3% of
moderate. The warmest time of year occurs intheir asking price in June 2006.
August during which temperatures reach anThe median price of condominiums and
average high of 75°F. The coldest time oftownhomes dropped from $328,000 in June 2005
year occurs in December with averageto $287,500 in June 2006, which represents a
temperatures falling to 57° F.12.3% decline. Fewer units sold in June 2006 (8
REAL ESTATE MARKET TRENDShomes) than in June 2005 (17 homes). The
As with most products and services in the Unitedaverage time to sell a unit substantially increased
States, price shifts in the real estate industry arefrom 26 days in June 2005 to 95 days in June
subject to the forces of supply and demand.2006. The ratio between the asking price to the
Whether it's a buyers market or a seller's market,sales decreased over the past twelve months.
it is useful to evaluate home sales data for theSellers obtained 98.3% of their asking price in June
most recent month available (June 2006),2005, and 95.2% of their asking price in June
compared against the same period in the previous2006.
year (June 2005).