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What's Going On in the San Diego Real Estate Market?
There are certainly a number of conflicting reports out there and it might be helpful to give a clarifying perspective of the current market and what Buyers and Sellers are observing. For starters, the headlines report that rents are at all-time highs, home prices are skyrocketing, low inventory and new home sales have dropped significantly in the last few months.
From my perspective, San Diego has been undervalued for quite a long time. We have homes to buy though and the best ones go pretty fast for top dollar. And rightly so. Homeowners over the years have gotten a lot smarter about their property. Putting in equity, sweat or $$, has proven to be a smart decision.
For years, one could rent a 2 bedroom, 2 bath property for about $700/$750 a month. Not anymore. That same property today could range from $1500 to well over $2000 a month. Aside from work, life in San Diego takes place a lot of the time, outdoors. We have miles and miles of beautiful beaches, sunshine most of the year, and more things to do and events to attend than most of us can even begin to consider. Considering the real quality of life here, maybe those ... more
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