| As with other free markets that are based on | | | | homes (July 2005)= 50% decrease |
| the forces of supply and demand, the | | | | |
| availability and pricing of real estate is | | | | - Scripps Ranch = 24 homes (July 2006) vs. 44 |
| subject to these same forces. One measure of | | | | homes (July 2005)= 45.5% decrease |
| the demand of housing is to evaluate the | | | | |
| number of homes sold during a particular | | | | - Mission Hills = 8 homes (July 2006) vs. 14 |
| period, compared against a comparable period. | | | | homes (July 2005)= 42.9% decrease |
| | | | |
| This article evaluates the number of | | | | - Normal Heights = 10 homes (July 2006) vs. |
| single-family homes sold in July 2006, | | | | 17 homes (July 2005) =41.2% decrease |
| compared to the number of homes sold in July | | | | |
| 2005. Only communities considered to be | | | | - Mira Mesa = 32 homes (July 2006) vs. 54 |
| within Central San Diego County are covered | | | | homes (July 2005)= 40.7% decrease |
| in this analysis. The data is segmented by | | | | |
| communities that had an increase in the | | | | - La Jolla = 17 homes (July 2006) vs. 28 |
| number of homes sold, compared to communities | | | | homes (July 2005) =39.3% decrease |
| that had a decrease in the number of homes | | | | |
| sold. | | | | - College Grove = 25 homes (July 2006) vs. 38 |
| | | | homes (July 2005)= 34.2% decrease |
| Approximately 345 single-family homes were | | | | |
| sold in Central San Diego during July 2006. | | | | - Sorrento Valley = 2 homes (July 2006) vs. 3 |
| In contrast, approximately 437 homes were | | | | homes (July 2005) = 33.3% decrease |
| sold in July 2005. This represents a 21.1% | | | | |
| decline in the number of homes sold between | | | | - Old Town = 7 homes (July 2006) vs. 10 homes |
| 2005 and 2006. | | | | (July 2005)= 30% decrease |
| | | | |
| Although there was an overall decline in the | | | | - Golden Hill = 8 homes (July 2006) vs. 11 |
| number of homes sold, not all communities | | | | homes (July 2005)= 27.3% decrease |
| within Central San Diego had lowered sales. | | | | |
| In fact, the communities listed below had | | | | - City Heights = 17 homes (July 2006) vs. 22 |
| increases in the number of homes sold. | | | | homes (July 2005) = 22.7% decrease |
| | | | |
| COMMUNITIES WITH INCREASED HOME SALES | | | | - Mission Valley = 12 homes (July 2006) vs. |
| | | | 15 homes (July 2005)= 20% decrease |
| - Logan Heights = 10 homes (July 2006) vs. 3 | | | | |
| homes (July 2005)= 233.3% increase | | | | - Clairemont = 21 homes (July 2006) vs. 26 |
| | | | homes (July 2005) =19.2% decrease |
| - Point Loma = 13 homes (July 2006) vs. 9 | | | | |
| homes (July 2005)= 44.4% increase | | | | - North Park = 18 homes (July 2006) vs. 22 |
| | | | homes (July 2005)= 18.2% decrease |
| - Tierrasanta = 16 homes (July 2006) vs. 12 | | | | |
| homes (July 2005) = 33.3% increase | | | | - San Carlos = 14 homes (July 2006) vs. 17 |
| | | | homes (July 2005)= 17.6% decrease |
| - Ocean Beach = 11 homes (July 2006) vs. 10 | | | | |
| homes (July 2005) = 10% increase | | | | - Encanto = 32 homes (July 2006) vs. 34 homes |
| | | | (July 2005)= 5.9% decrease |
| - Linda Vista = 13 hones (July 2006) vs. 12 | | | | |
| homes (July 2005)= 8.3% increase | | | | NO CHANGE IN HOME SALES |
| | | | |
| - Del Cerro = 21 homes (July 2006) vs. 20 | | | | The community of Pacific Beach had 16 homes |
| homes (July 2005)= 5% increase | | | | in sales in both July 2005 and July 2006. |
| | | | |
| COMMUNITIES WITH LOWER HOME SALES | | | | CONCLUSION |
| | | | |
| The communities listed below had decreases in | | | | On balance, more communities demonstrated |
| the number of homes sold | | | | decreases rather than increases in the number |
| | | | of homes sold. This indicates that in July |
| - Coronado = 7 homes (July 2006) vs. 14 homes | | | | 2006, there was less demand for single-family |
| (July 2005) = 50% decrease | | | | homes in Central San Diego County than in |
| | | | July 2005. However, there are communities |
| - University City = 7 homes (July 2006) vs. | | | | that demonstrated increases in the number of |
| 14 homes (July 2005) =50% decrease | | | | homes sold. This reminds us that even within |
| | | | a single County, there are differences in |
| - Paradise Hills = 8 homes (July 2006) vs. 16 | | | | housing demand from community to community. |