San Diego Housing And Community
With a total projected population of 1,276,700 for January 1, 2003, the City of San Diego is the seventh largest city in the nation and the second largest city in California. The City’s population grew by approximately 10% between 1990 and 2000 for an average increase of 12,375 annually.
A steady demand for homes combined with a short supply of home sellers and new housing units has resulted in rapid price appreciation of homes in every neighborhood in San Diego County. With few exceptions, small entry-level three-bedroom two-bathroom houses in most neighborhoods begin at around $750,000. Luxury homes and estates in Rancho Santa Fe, Del Mar, and La Jolla range in value from around $2.5 Million to $30 Million.
What’s Driving The Demand For San Diego Real Estate?
San Diego Is The Best Place To Live In the United States: A major factor contributing to San Diego’s growth is the quality of life. Based on the most recent citizen survey, 85% of citizens rate their quality of life as good or excellent.
Besides having one of the world’s most favorable climates, the City offers a wide range of cultural and recreational services to benefit both residents and visitors. With mild temperatures year round, the City’s many beaches, parks, tennis courts, and golf courses are in constant use.
The City’s high quality of life, educational opportunities, and diversified economy will enable San Diego to continue in its role as a regional and national leader into the 21st Century.
The following map shows the dispersion of housing occupied by the owner in the San Diego, CA area. Many believe that owner occupied is an indication of neighborhood stability, safety, and care (houses well maintained). In the case of the map below, the dark brown areas show where the highest percentage of owner occupied housing existed in 2000. Sources: US Census Bureau and Synergos Technologies, Inc.
The following map shows the dispersion of the average house’s age (aka when it was built) in the San Diego, CA area. Housing age affects the house’s condition, need for repairs (roofing and mechanicals), and sometimes even value (historic districts). In the case of the map below, the dark olive areas show where the oldest houses exist. Sources: US Census Bureau and Synergos Technologies, Inc.
The following map shows the dispersion of apartment buildings (buildings with 10 or more units) in the San Diego, CA area. Apartment dwellers have a unique set of needs compare to the average home owner. For example, apartment dwellers usually don’t have a need for lawn care goods, but do have an interest space-saving goods. In the case of the map below, the dark green areas show where the highest percentage of apartment buildings existed in 1990. Sources: US Census Bureau and Synergos Technologies, Inc.
COMPLIMENTS OF UNITED TITLE COMPANY
Read More About San Diego:
- San Diego Economy – How Does It Affect Home Prices?
- Area Events And Tourism
- Neighborhood Transportation
- Contracts Experts
- Skilled Negotiators
- San Diego Neighborhood Specialists
- Award-Winning San Diego Realtors
- Real Estate Consultants – NOT Salespeople!
Geoffrey Schiering, J.D./M.B.A.
San Diego Realtor / Broker