COMMUNITY INFORMATION

Chula Vista is situated in the southern region of San Diego County within the state of California. There are approximately 194,939 residents in this community and 62,394 households. The median age of residents is 32.89 years.

TEMPERATURE

The temperature in Chula Vista is relatively moderate. The warmest time of year occurs in August during which temperatures reach an average high of 72°F. The coldest time of year occurs in December with average temperatures falling to 57°F.

HOME AND REAL ESTATE PRICES

The housing options in Chula Vista include single-family homes and properties, condominiums, townhouses, and apartments. The price of housing is as follows:

·One bedroom townhouse/condominium start in the high $100,000s.
·Two bedroom townhouse/condominium start in the high $200,000s.
·Three bedroom townhouse/condominium start in the mid $300,000s.
·Two bedroom single-family homes start in the high $300,000s.
·Three bedroom single-family homes start in the low $400,000s.
·Four bedroom single-family homes start in the high$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 dropped from $610,000 in June 2005 to $595,000 in June 2006, which represents a 2.5% decline. Fewer more homes sold in June 2006 (127 homes) than in June 2005 (171 homes). The average time to sell a home increased from 47 days in June 2005 to 66 days in June 2006.

The median price of condominiums and townhomes decreased slightly from $382,250 in June 2005 to $382,000 in June 2006, which represents a .1% decline. Fewer units sold in June 2006 (46 units) than in June 2005 (80 units). The average time to sell a unit increased from 52 days in June 2005 to 85 days in June 2006.

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.

COMMUNITY INFORMATION

Carmel Valley is a master-planned community located in northern San Diego County within the state of California. The community of Carmel Valley within San Diego is not to be confused with the Carmel Valley region in Northern California.

Carmel Valley lies within the 92130 Zip Code. There are approximately 34,471 residents in this Zip code and 12,387 households. The median age of the population is 35.16 years.

TEMPERATURE

The temperature in Carmel Valley is relatively moderate. The warmest time of year occurs in August during which temperatures reach an average high of 72°F. The coldest time of year occurs in December with average temperatures falling to 56° F.

HOME AND REAL ESTATE PRICES

The housing options in Carmel Valley include single-family homes and properties, condominiums, townhouses, and apartments. The price of housing is as follows:

·One bedroom townhouse / condo starts in the high $200,000s

·Two bedroom townhouse / condo starts in the high $300,000s.

·Three bedroom townhouse / condo starts in the low $500,000s

·Three bedroom single-family house starts in high $500,000s

·Four bedroom single-family home starts in low $700,000s

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 reached $1,080,000 in June 2006, which was a 13.74% increase over June 2005. In contrast, the median price of condominiums and townhomes decreased to $580,000, which was a 7.2 decline from the year before.

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.

SCHOOL INFORMATION

There are two School Districts that serve residents of Carmel Valley. The Solana Beach School District covers the elementary schools in the northern part of Carmel Valley, and the Del Mar Union School District covers the southern region.

Students in Carmel Valley schools undergo annual testing to evaluate their academic performance. The results of these tests are combined by the California Department of Education into a composite score known as the Academic Performance Index (API), which has a range of 200 to 1000. The statewide goal for schools is to achieve a score of 800 or above.

Based on the most recent data available as of July 31, 2006, the highest-ranking elementary school in the Carmel Valley area was Sage Canyon Elementary (API = 963), followed by Torrey Hills School (API=950), Carmel Creek Elementary
(API=946), Solana Pacific Elementary (API=945), Ashley Falls Elementary (API=943), and Carmel Del Mar Elementary (API=917). Carmel Valley Middle School earned an API of 931. For high schools, Canyon Crest Academy had an API=842, and Torrey Pine High had an API =821.

While the present plan caters to the population of Gurgaon i.e. 22 lakh, the New Gurgaon-Manesar Urban Complex Plan 2021 is designed keeping in mind the population of 37 lakh and includes Manesar, as well.

For buyers, the new masterplan means an opportunity to buy property in Gurgaon at affordable prices. Earlier, end-users didn’t have options, so they had to purchase property at prices ranging from Rs 2,500-7,000 per sq ft. Now with the coming of the master plan, buyers will have more options to buy real estate of their choice. More availability will also result in some moderation of property prices, experts say.

Overall development

It envisages wider roads and allocation of more areas for residential, commercial, SEZ and infrastructure purposes. New roads are also on the agenda. There will be a 150-metre road linking Vasant Kunj, Mehrauli and Gurgaon and another 150-metre connecting Andheria More, Gurgaon, Faridabad and Delhi.

A 75-metre stretch will link Dwarka’s residential complex and Palam Vihar to Gurgaon and a 150-metre peripheral road for Gurgaon inter-city will run parallel to National Highway-8, till the toll plaza. Sector roads have been increased from 60 to 75 metre. A positive sign for residents, real estate investors and developers as well.

Continuing their thrust on the road connectivity across and around Gurgaon, a half-a-km wide buffer will also run from Dhanavaj village, adjacent to the railway line, towards Shikopur village near the NH. This stretch will be around 12-13 km long. Also on the agenda is a leisure valley.

Delhi Metro extension of the link coming from Central Secretariat into South Delhi Andheria More, near Qutab Minar in South Delhi to Gurgaon, IFFCO chowk, south City –II to Manesar. Another Metro link is coming from Dwarka, Palam Vihar till Manesar. These both Metro links will connect at the same place.

Investment Opportunities

According to the latest Gurgaon-Manesar plan, 58 more sectors will be developed in addition to the existing 57, taking the number of sectors to 115. A slew of property projects have already been developing in these sectors and one can plan buying property in sector 91, 92 etc., of course after research, says Kushal Pal, a property broker based in Gurgaon.

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