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

BY Real Estate Pros

COMMUNITY INFORMATION
Lakeside is a community situated in the eastern region of San Diego County within the state of California. There are approximately 45,781 residents in this Zip code (92040) and 15,611 households. The median age of residents is 35.29 years.
TEMPERATURE
The temperature in Lakeside is relatively moderate. The warmest time of year occurs in July during which temperatures reach an average high of 76°F. The coldest time of year occurs in December with average temperatures falling to 54°F.
HOME AND REAL ESTATE PRICES
The housing options in Lakeside include single-family homes and properties, condominiums, townhouses, and apartments. The price of housing is as follows:
· One bedroom townhouse/condominium start in the mid $100,000s.
· Two bedroom townhouse/condominium start in the low $200,000s.
· Three bedroom townhouse/condominium start in the high $200,000s.
· Two bedroom single-family homes start in the mid $300,000s.
· Three bedroom single-family homes start in the high $300,000s.
· Four bedroom single-family homes start in the low $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 in June 2006 was $530,000, which represents a 0.2%25 drop from the previous year. A total of 25 homes sold in June 2006, which was down 16.7%25 from the previous year. On average, homes took 75 days to sell.
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.

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