Bonita, San Diego, Real Estate Market

April 6, 2009 by  
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Southern California Real Estate

COMMUNITY INFORMATION

Bonita is located in California, within San Diego County’ s southern region. This community has about 18,396 residents, and 5,986 homes. Most residents here are around the age of 40.

TEMPERATURE

Temperature in Bonita is moderate, making it a very comfortable place to live. The weather is warmest during July, when temperatures reach an average high of 70°F. January is the coolest month, as temperatures drop to an average of 57° F

HOME AND REAL ESTATE PRICES

There is a great assortment of real estate, ranging from condominiums to townhouses, single-family homes and apartments. If looking for a one bedroom townhouse, or condominium, the prices start in the mid $200,000s. Two or three bedroom townhouses and condominiums start in the low $300,000s to $400,000s, respectively.

The prices of single family homes start much higher. A two bedroom, single family home starts in the high $400,00s, while a four bedroom single-family home may start in the low $600,00s. If looking for something in the middle, a three bedroom single-family home starts in the mid $500,000s.

REAL ESTATE MARKET TRENDS

Like most other markets in the United States, supply and demand are the driving forces of prices in real estate. Whether its a buyers markets or a sellers market, it is helpful to analyze home salves date for the most recent month available (ex. June 2006), compared against the same period the year before (June 2005).

The average price of single-family homes experienced a 7.9% decline, dropping from $849,990 in June 2005 to $782,500 in June 2006. Trends followed this price shift as more homes were sold in June 2006 (20 homes), than in June 2005 (7 homes). The average time it took to sell a home increased from 68 days (June 2005) to 69 days (June 2006).Over the past 12 months, the ratio between asking prices to sales prices increased. In June 2005, sellers obtained 93.6% of their asking prices, and in June 2006, 94.5% of their asking prices.

It is important to keep in mind that the data above is a snapshot in time. To understand enduring market trends, date must be evaluated over a longer period of time.

Top 15 California Cities With Population Growth

April 1, 2009 by  
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Southern California Real Estate

Every year, the United States Census Bureau collects and publishes data of population shifts. Included within this data are population shifts between incorporated cities with more than 100,000 people. Listed below are the top 15 cities within California that experienced a percentage increase in population from July 2005 to July 2006.

1. Lancaster is located about 70 miles north of Los Angeles. Its population grew from 134,106 in 2005 to 140,804 in 2006. It experienced the largest percentage growth, as its population increased by 4.99%

2. Bakersfield is situated between Los Angeles and Fresno. In 2005, its population was 295,769, while in 2006, the span style=”-webkit-text-decorations-in-effect: none;”>population rose to 308,392. Between the two years, there was a 4.26% increase.

3. Visalia is found directly south of Fresno. The 2005 population of 109,433 rose to 113,487 in 2006, which equates to a 3.70% increase.

4. Irvine is positioned in the heart of Southern California. Irvine experienced a 3.46% increase, as its population changed from 187,457 in 2005 to 193,956 in 2006.

5. Fontana is set in the heart of San Bernardino County. The 2005 population of 164,468 increased to 170,099 in 2006, which is a 3.42% increase between the two years.

6. Elk Grove is located south of Sacramento. It experienced a 3.10% increase between 2005 and 2006 as the population changed from 125,293 and 129,184.

7. Palmdale is positioned due north of Los Angeles. It had a population of 134,650 in 2005 and population of 138,790 in 2006. This city experienced is 3.07% increase.

8. Moreno Valley is set in Riverside County. The population had a 2.97% increase, as it rose from 178,272 in 2005 to 183,571 in 2006.

9. Santa Clara is found south of Silicone Valley. Its 2005 population of 105,778 rose 2.59% to its 2006 population of 108,518.

10. Simi Valley is situated north west of Los Angeles. It experienced a 2.20% increase as its population grew from 118,671 in 2005 to 121,288 in 2006.

11. San Jose is located in the heart of Silicon Valley. Between 2005 and 2006, the population rose from 915,668 to 929,936, which equates to a 1.55% increase.

12. Riverside

was established in Southern California. Its 2005 population of 290,417 grew to 2006 population of 293,761, which resulted in a 1.15% increase.

13. Roseville is perched north of Sacramento. The city

s population increase from 105,946 in 2005 to 107,158 in 2006, which is as 1.14% change.

14. Fresno is settled between Bakersfield and Stockton. The population increased 1.14%, from 461,454 to 466,714, between the years of 2005 and 2006.

15. Stockton

America release

is located south of Sacramento. This city experienced a population increase of 1.07%, from 287,067 to 290,141.

Population increases have many implications on society, so its important to consider that when looking at these cities. For a complete ranking of population changes, visit the United States Census Bureaus site.