While there are a variety of methods to appraise to condition of a real estate market, one technique is to compare the median price of properties at two points in time. The median price is the point at which half the properties are above a price point, and half the properties are below a price point.

The information below summarizes the median price of townhomes and condominiums in July 2006 for communities located within Central San Diego County, California. Information is also provided regarding the percent change in the median price since June 2005, which provides one measure of how the market is doing in a particular area. Communities with the largest magnitude of percent change are present first.

The following communities in Central San Diego County had increases in the median price from July 2005 to July 2006. The name of the community is presented first, followed by the median price as of July 2006, and ending with the percent increase since July 2005.

City Heights: $299,000; 27.5% increase

Coronado: $1,372,500; 26.2% increase

Paradise Hills: $405,000; 11.6% increase

La Jolla: $587,950; 9.9% increase

Normal Heights: $309,000; 9.6% increase

College Grove: $297,750; 4.2% increase

Mission Valley: $343,700; 0.4% increase

The following communities in Central San Diego County had decreases in the median price from July 2005 to July 2006. The name of the community is presented first, followed by the median price as of July 2006, and ending with the percent decline since July 2005.

University City: $316,000; -36.5% decrease

Linda Vista: $319,900; -26.3% decrease

Ocean Beach: $342,450; -25.5% decrease

Mission Hills: $392,500; -21.1% decrease

Tierrasanta: $415,000; -16.8% decrease

North Park: $297,500; -15.0% decrease

San Carlos: $292,000; -13.4% decrease

Old Town: $402,000; -10.7% decrease

Scripps Ranch: $437,500; -8.9% decrease

Pacific Beach: $576,000; -8.9% decrease

Downtown: $545,000; -7.5% decrease

Mira Mesa: $319,900; -5.9% decrease

Del Cerro: $351,000; -3.8% decrease

Golden Hill: $337,450; -2.9% decrease

Clairemont: $347,900; -2.3% decrease

The median price is just one measure to evaluate the status of a market. A full evaluation requires the use of multiple metrics (e.g., change is average price, how long homes are staying on the market, sales to list price ratio, etc.) applied over a longer period of time. Moreover, any conclusions you form based on the data above may or may not be supported in subsequent months or by other measures.

Be sure to consult a qualified Realtor before buying or selling real estate in San Diego.