| COMMUNITY INFORMATION | | | | period in the previous year (June 2005). |
| The College Grove community is situated in central | | | | The median price of single-family homes increased |
| San Diego County and houses San Diego State | | | | slightly from $264,990 in June 2005 to $270,950 in |
| University. There are approximately 68,815 residents in | | | | June 2006, which represents a 2.2% increase. Almost |
| this Zip code (92115) and 22,226 households. The | | | | twice as many homes sold in June 2006 (28 homes) |
| median age of residents is 27.88 years. | | | | compared to June 2005 (19 homes). Moreover, homes |
| TEMPERATURES | | | | took an average of 52 days to sell in June 2005, but |
| The temperature in College Grove is relatively | | | | this increased to 91 days in June 2006. |
| moderate. The warmest time of year occurs in | | | | The median price of condominiums and townhomes |
| August during which temperatures reach an average | | | | decreased from $506,500 in June 2005 to $475,000 in |
| high of 75°F. The coldest time of year occurs in | | | | June 2006, which represents a 6.2% drop. Moreover, |
| December with average temperatures falling to | | | | homes took an average of 44 days to sell in June |
| 57° F. | | | | 2005, but this increased to 59 days in June 2006. |
| HOME AND REAL ESTATE PRICES | | | | Homebuyers and home sellers should keep in mind |
| The housing options in College Grove include | | | | that the data above is simply a snapshot in time. |
| single-family homes and properties, condominiums, | | | | Therefore, the data must be evaluated over a longer |
| townhouses, and apartments. The price of housing is | | | | duration to understand enduring market trends. |
| as follows: | | | | SCHOOL INFORMATION AND COMPARISONS |
| · One bedroom townhouse / condo starts in the | | | | The students in College Grove are served by the San |
| mid $100,000s. | | | | Diego City Unified School District. These students |
| · Two Bedroom townhouse / condo starts in the | | | | undergo annual testing to evaluate their academic |
| mid $200,000s. | | | | performance. The results of these tests are combined |
| · Three Bedroom townhouse / condo starts in the | | | | by the California Department of Education into a |
| mid $300,000s. | | | | composite score known as the Academic |
| · Three Bedroom single-family home starts in the | | | | Performance Index (API), which has a range of 200 to |
| mid $300,000s. | | | | 1000. The statewide goal for schools is to achieve a |
| · Four Bedroom single-family home starts in the | | | | score of 800 or above. |
| mid $400,000s. | | | | Based on the most recent data available as of July 31, |
| REAL ESTATE MARKET TRENDS | | | | 2006, the three highest-ranking elementary schools in |
| As with most products and services in the United | | | | the 92115 Zip Code were Albert Einstein Academy |
| States, price shifts in the real estate industry are | | | | Charter School (API=881), Hardy Elementary |
| subject to the forces of supply and demand. Whether | | | | (API=855), and Language Academy Elementary |
| it's a buyers market or a seller's market, it is useful to | | | | (API=778). Mann Middle School obtained an API of 584, |
| evaluate home sales data for the most recent month | | | | and Hoover High School had an API of 578. |
| available (June 2006), compared against the same | | | | |