In follow-up to my recent post on housing affordability in Carlsbad and nearby communities, and since I often get asked, I though I'd pass along some information on some terrific buys for buyers.
With escalating prices in recent years it has been near impossible in our area to find anything under $100K or even higher (except for manufactured and mobile housing which is typically in seniors communities).
That has now changed, and folks who ask "can I buy something for under $100,000?" will get a resounding YES rather than "are you kidding?"
Granted, these are not view homes near the coast, and many communities (Carlsbad, Encinitas, Cardiff, etc.) simply have nothing near to this price, but knowing that there are options for buyers in this price range is encouraging. These could be good rental properties in some cases too, or great buys for a family who has a kid in college.
Looking in the North County San Diego area I found 102 condos for under $100,000 (with 20 of these under $75,000). Not surprisingly 58 of these are short sales and a good number of them are bank owned properties.
|
COMMUNITY |
# of Homes |
# of Bedrooms |
Square Footage |
|
Escondido
|
57 |
1 - 3 bedrooms |
585 SF to 1330 SF |
|
Oceanside
|
31 |
1 - 3 bedrooms |
573 SF to 1280 SF |
|
Sam Marcos
|
6 |
All 1 bedroom |
All 651 SF |
|
Vista
|
8 |
1 and 2 bedroom |
877 SF to 1172 SF |
Some of these are in fine shape and ready to move into, while others need some work (I've seen about a dozen).
Given that the average sold price of an attached home in San Diego County is about $244,000 YTD per the MLS ( and likely higher in the North County communities), finding a home for under $100,000 represents pretty good deal.
You can search for YOUR condo under $100,000 using the link below, or let me know and I can customize a list of available properties for you based on your price range and location.
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If I can provide more information about North County San Diego including Carlsbad and surrounding areas, or the housing market in general, or otherwise assist you in your homes search, please contact me by phone or text at (760) 840-1360 or email me at JDowler@remax.net.
All content copyright © 2008 Jeff Dowler Carlsbad Homes and Real Estate Tidbits
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