Most Realtors and home owners agree that it is still a buyer's market around the country and here locally in Coronado and San Diego. However, sales are increasing and home prices have risen in some areas in 2010. Even though the qualification process for home loans is more stringent these days, money is still being lent and interest rates remain at all time lows. If you already own your dream home it might be time to consider a second home or real estate investment in San Diego.
In addition, it's still a great time to sell a home. As a seller, one of the first things you must evaluate is the desirability of your location. While the national economy and housing market are important to a certain degree, the market conditions you should be looking at are localized statistics. Markets and their conditions range widely from state to state, community to community, and even neighborhood to neighborhood within a community. This is especially true in the beautiful neighborhoods of Coronado and San Diego. If you live in a neighborhood that is highly desired due to its school system, local amenities, or even status and prestige, then you may find yourself in a continual sellers market, where you will always be in the advantage.
Market conditions in San Diego, like any area, are changing all the time. In a city as large and varied as San Diego keeping current is the key. If you'd like to review your current localized statistics by taking advantage of a complementary market analysis, please feel free to call me at 619-865-3334.
Cheers,
Chris
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