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