Key Shifts In San Diego County Demographic Patterns - Real Estate Implications

On August 15, 2006, the US Census Bureau released93,538 (CY 2005) = 29.1% decline.
its annual statistics for various communities. The dataHispanic or Latino (of any race) = 750,965 (CY 2000)
for San Diego County revealed some significant shiftsvs. 843,901 (CY 2005) = 12.4% increase.
from 2000 to 2005 in terms of the total population inSHIFTS IN HOUSEHOLD CHARACTERISTICS
San Diego, the percentage of males to females,Total Household Population = 2,716,820 (CY 2000) vs.
percentage of people at various ages, and the racial2,824,259 (CY 2005) = 4% increase.
composition of the County.Average Household Size = 2.73 (CY 2000) vs. 2.71
POPULATION SHIFTS(CY 2005) = 0.7% decrease.
Total Population = 2,813,833 (CY 2000) vs. 2,824,259Average family size = 3.29 (CY 2000) vs. 3.33 (CY
(CY 2005) = 0.4% increase2005) = 1.2% increase.
Of the total population, there were shifts in theIMPLICATIONS FOR SAN DIEGO REAL ESTATE
percentage of males to females.If you are interested in buying San Diego real estate,
Males = 1,415,097 (CY 2000) vs. 1,400,199 (CY 2005) =homes, condos or townhouses for sale, then the
1.1% decline.above information may be useful to you. The
Females = 1,398,736 (CY 2000) vs. 1,424,060 (CYinformation above can help you understand
2005) = 1.8% increase.demographic and population shifts that impact supply,
AGE CHANGESdemand, and price of real estate and homes for sale in
The percentage of people at various age alsoSan Diego.
changed during this time period.San Diego is one of the most popular areas in the
Median Age = 33.2 years (CY 2000) vs. 34.4 yearsCountry because of its moderate climate. In fact, the
(CY 2005) = 3.6% increase.year-around average weather in San Diego is around
Population Under 5 Years of Age = 198,621 (CY 2000)70 degrees Fahrenheit.
vs. 221,575 (CY 2005) = 11.6% increase.San Diego real estate is also popular because of its
Population Under 18 Years of Age = 2,090,172 (CYproximity to the Pacific Ocean, mountains and the
2000) vs. 2,067,282 (CY 2005) = 1.1% decline.US-Mexico border. Bordered by Orange County and
Population 65 or Older = 313,750 (CY 2000) vs. 310,836Riverside County to the north, and the Mexico to the
(CY 2005) = 0.9% decline.south, San Diego real estate has hundreds of
RACIAL COMPOSITIONbeachfront properties for sale.
Of individuals who defined themselves as belonging toSan Diego is the sixth most populated County in the
one-race, the following statistics were provided:Nation. With this many people, buying real estate in San
Total Number of "One-Race" Individuals = 2,681,866Diego can be a competitive process depending on the
(CY 2000) vs. 2,730,721 (CY 2005) = 1.8% increase.supply and demand of real estate and homes for sale
Individuals who defined themselves as belonging toat a particular time.
one-race, were further categorized as follows:While interest rates are still relatively low and supply
White = 1,871,839 (CY 2000) vs. 1,927,166 (CY 2005) =relatively high, buyers at this time may find San Diego
3% increase.real estate a good value.
Black or African American = 161,480 (CY 2000) vs.Those who purchase San Diego real estate enjoy
140,181 (CY 2005) = 13.2% decrease.year-around perfect weather, easy access to the
American Indian and Alaska Native = 24,337 (CYMexico border, a thriving job market, and the pleasures
2000) vs. 19,902 (CY 2005) = 18.2% decreaseof living close to an ocean.
Asian = 249,802 (CY 2000) vs. 295,926 (CY 2005) =Whether you are interested in boating, fishing, golfing,
18.5% increasetennis or other hobbies, residents and visitors who own
Native Hawaiian and Other Pacific Islander = 13,561San Diego real estate have access to all these
(CY 2000) vs. 12,704 (CY 2005) = 6.3% decline.activities and more.
Other Race = 360,847 (CY 2000) vs. 334,842 (CYPlease visit the Census Bureau's web site for detailed
2005) = 7.2% decline.demographic information about San Diego County. The
Of those individuals who defined themselves asCensus Bureau provides key statistics for various
belonging to "two-races", the following statistics werecommunities in its annual American Community Survey
provided:(ACS) report.
Total, Two -Race Individuals = 131,967 (CY 2000) vs.