El Cajon is a suburb of San Diego with a population of over 100,000 people.Â It covers 14.4 square miles of land and is bordered by theÂ City of San Diego, La Mesa, Spring Valley, Santee,Â and an unincorporated part of San Diego County on the east.
The weather in El Cajon is considered to be more arid than in other areas of the county as it is a bit warmer and drier than those areas closer to the coast.Â High temperatures range from the upper 60s in the winter months to the upper-80s in the summer months while lows range from the low-40s in the winter to mid-60s in the summer.
There are lots of neighborhoods inÂ El CajonÂ with homes in a broad spectrum of prices with something for everyone.Â Neighborhoods like Granite Hills, Horizon Hills and Mount Helix feature homes priced between the low-$400s to the upper-$900s.Â Other neighborhoods like Crest, Bostonia and Allenwood have homes priced from the low to mid-$200s.Â Fletcher Hills, Dehesa Valley and Singing Hills offer a wide range of home prices from the upper-$200s to over $1 million.
Condominium communities feature homes between about $60K and the upper-$300s.Â They are scattered throughout the neighborhoods in El Cajon like Mountain View Village and Granite View Villas located in popular Granite Hills and Rancho Villas in Rancho San Diego.Â Homes in these communities are priced from under $100K to the mid-$200s.Â The nicest community is probably gated Fairway Villas where homes start in the mid to upper-$300s.
El Cajon Real Estate Statistics
The real estate market in El Cajon is very affordable.Â It is an excellent place to buy for pretty much any buyer from those buying their first home to investors to homeowners with a desire to upgrade to a larger home.
For single family homes, the most recent information shows that the median sale price sits at an even $310K which is up a smidgeon over the past year.Â In terms of the number of sales in a month, there were, most recently, 103 sales representing a tiny decrease from last year.Â Homes sit on the market for about 80 days.Â It is worth noting that El Cajon is still dealing with foreclosures and short sales.Â Even though the number continues to decline each month, the real estate market is still in a mode to correct itself so that it can begin to rebound like the areas around it.
As for condominium communities, they are very affordable and present an ideal opportunity for those wanting to dive into the real estate market.Â Most recently, the median price sat at $123K with 31 sales in a month (down from last year).Â Additionally, property stays on the market for about 85 days.Â There were more than a handful of distressed properties sold in the past month which was down from last year but up over the past month.Â Again, this area is still leveling out and righting itself.Â Â
Why Live in El Cajon
El Cajon provides the opportunity for home ownership to first time buyers as well as the ability to upgrade to a bigger and newer home for homeowners seeking that desire.Â Situated in more of a rural setting close to the amenities of a larger metro area, El Cajon is quickly becoming a popular place to live.
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