Stein Valuation, Inc.
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Following is a typical Appraisal Location description utilized by the Appraiser in analyzing the general area market trends.
Avalon Area Description
The only city on Santa Catalina Island, Avalon is a rural waterfront town with the usual tourist-oriented businesses and services lining the coastline. Apart from the town itself, primary attractions include the Wrigley Memorial and Botanical Garden just outside of town in the hills to the southwest and various trails into the hills surrounding the town. Dominated by small houses and two and three-story buildings in various traditional architectural styles are the older parts of the town nearer the shoreline. There are also several large apartment complexes nestled in the hills away from the shoreline, so that they are not obvious in most postcard photos of Avalon.
According to the United States Census Bureau, the city has a total area of 8.2 km² (3.2 mi²)— 7.3 km² (2.8 mi²) of it is land and 0.9 km² (0.3 mi²) of it (10.48 percent) is water.
As of the census of 2000, there were 3,127 people, 1,158 households, and 719 families residing in the city. The population density was 429.7/km² (1,112.4/mi²). There were 1,839 housing units at an average density of 252.7/km² (654.2/mi²). Of the total population, 1,599 are male and 1,568 are female. This means that the city’s population is 49.9 percent male (49.1 percent of the total U.S. population) and 50.1 percent female (50.9 percent of the total U.S. population). From this we can imply that for every 100 females there were 99.4 males and that for every 100 females age 18 and over, there were 98.2 males. There were 246 children below 5 years comprising 7.9 of the city population and 6.8 percent of the U.S. population. The median age was at 34 years.
By 2005, the population census conducted showed that the city’s population has grown minimally to 3,488. It is noteworthy to mention that the succeeding year’s estimate of the said population shows no change in the count, meaning 0 percent change.
There were 1,158 households out of which 38.3 percent had children under the age of 18 living with them, 44.0 percent were married couples living together, 11.2 percent had a female householder with no husband present, and 37.9 percent were non-families. 31.3 percent of all households were made up of individuals and 10.3 percent had someone living alone who was 65 years of age or older. The average household size was 2.65 and the average family size was 3.38. However, by 2006, the estimates revealed a total of 3,426 household population and 62 others living in group quarters.
A total of 1,839 housing units were recorded as of the latest census. Among these, 1,158 are occupied and 681 remains vacant. The occupied homes are divided into two classes—that of the owner occupied and renter occupied. The former totals 320 of the total occupied units, which makes up 27.6 of the city’s housing units (and 66.2 percent of the U.S. housing units), while the latter totals 838 units making up the 72.4 percent of the city’s total housing units (33.8 percent of the U.S. housing units.
The 2000 data set on the mortgage status of the city revealed that of the specified vacant-for-sale-only housing units, prices ranged from $200,000 to $399,999. Rental fees for the specified vacant-for-rent-only housing units ranged from $700 TO $999 with a median rental monthly fee of $850. From the same data, it was reported that of the 213 specified owner-occupied housing units, 120 were mortgaged and 93 were not. The median monthly cost of mortgaged units was at $1,839; without mortgage, $396.
As with the increase in population, a change in the household population and housing units can also be expected. This year’s approximations showed that housing units are now up to 1,913. Housing units, which may vary according to structure, the number of occupants, their location, etc., are classified as single detached or single attached, multiple 2-4 plus attached or multiple 5 plus attached, mobile homes, etc. And based on the latest housing estimates, as of January 1, 2006, there are approximately 498 single detached housing units, 487 single attached housing units, 548 multiple 2–4-plus attached units, 371 multiply 5-plus attached units, and 9 mobile units currently accounted for in the city. This can also be noted as 1,221 of the total housing units are occupied, while 36.17 percent of that same total are vacant or unoccupied with every house having approximately 2.806 persons or occupants.
The median income for a household in the city was $39,327, and the median income for a family was $46,406. Males had a median income of $30,789 versus $24,643 for females. The per capita income for the city was $21,032. About 9.2 percent of families and 10.4 percent of the population were below the poverty line, including 11.5 percent of those under age 18 and 4.6 percent of those 65 or over.
Long Beach Unified School District is where the children in Avalon attend schools in. The four schools popular on Catalina Island include Avalon Middle School, Avalon High School, Avalon Elementary School and Two Harbors Elementary School.
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Additional statistical data for the area is presented below: Please note: differences between the above and below values are related to differing sources, though the ranges are considered to be quite reliable.