Always ranking among the top coastal areas in the entire US by many travel and financial magazines is San Diego, CA. The idyllic weather, most incredible scenic coastline, and hospitable residents make it a fantastic place to call home.
The recent national market correction has opened up windows of buying opportunities for many that have been on the sidelines for many years, but not all properties on the market are 'great deals'. Some sellers are still looking to obtain sale prices at or close to the highs, and have not been educated to the accurate market values. There are also many sellers that are aware of the accurate market but are trapped in their purchase. Some buyer's acquired their homes in the peak years, or that have continued to tap out their equity, and are now selling, do not have the flexibility to deliver the attractive priced properties that buyer are seeking today.
Large price reductions do not always indicate that the property is truly a good value, even though it might appear to be a bargain.
Whether you are an agent or buyer or seller, the only true comps are RECENT SOLD's - Period. Because of the insane practice of dramatically under pricing short-sale listings, and also listings for properties where the owners seem to be stuck in values when we were at the highs, comps on ACTIVES have become completely irrelevant.
Appraisers are also reluctant to extend much in the way of value on upgrades, as they had in the past, so if you are looking at a very highly upgraded property chances are your appraisal might come in low, thus giving you a bargain opportunity on that property.
View our Coastal San Diego Site: www.SanDiego-Coastal-Homes.com
Visit our La Jolla Site: www.LaJollaHomes.NET
Vistor our San Diego Site: www.OWN-SD.com
Also 2 of our key sites for searching for real estate in San Diego, CA